Even though this article is about the U.S. there is a clear parallel with the Canadian food industry.
If there’s food on your table, thank a farmer. Companies like Lowblows, can go and monopolize bad haircuts and sweater vests.
Isn’t May, dont shop at Loblaws Month?
Hahahahahaha like some people have a choice.
I am sure some don’t but there are people I know that shop at loblows and complain about ever increasing pricing, while a block over there is an independently owned grocer with much lower prices. i.e. Loblaws Peppers in 4 pack $10.99 , next door throw 4 peppers in a bag, comes to $3.90 by weight.
Economists have a metric known as the “four-firm concentration ratio,” sometimes deployed in shorthand as “CR4.” It is a measure of competitiveness in a market for goods or services. When four companies gain a combined market share that is greater than 40 percent, an oligopoly has formed.
do we not already have one?
Yes. That’s why I posted this. It’s so blatantly evident in Canada. And it doesn’t stop at the food industry. We could add telecom in there as well. And what else?
Our oil and gas is controlled by a cartel (OPEC)! I think there was an example for our milk or bread in particular as well.
Commons did a whole season on Monopolies in Canada. Unfortunately, there’s quite a few.
Trains
