Supermarket duopoly laughing all the way to the Banking Oligopoly – NZ is the land of exploitative monopoly rentals for foreign landlords
Little change in supermarket competition over past year, Commerce Commission report finds
There has been scant improvement in supermarket competition over the past year, and now more needs to be done, commentators say.
The Commerce Commission has released its latest annual grocery report, which says there has been little observable change in core competition metrics.
The major grocery retailers – Foodstuffs and Woolworths – have 82 percent of the market, just 2 percent down from 2020.
RNZ
I’m not looking for socialism from Labour/Greens/TPM – I’m just looking for basic regulated capitalism!
The state’s responsibility is regulating capitalism and ensuring competition, we simply don’t do that here so we see monopolies, duopolies and oligopolies all fuelling a Plutocracy in NZ.
The current investigation in Australia against supermarket price gouging keeps finding more and more deplorable actions and seeing as they operate here in NZ, the idea that they do terrible things in Australia and not New Zealand seems ridiculous to believe.
The Commerce Commission has the powers to break up the duopoly to force competition, so do it!
The Left already has a model sitting right in front of it
I believe as part of our Treaty culture that Māori Iwi should be threaded as nerves into the backbone of the NZ Economy and that in essential industries Iwi investment should be woven into infrastructure to provide the deep long term guardianship that Māori culture embodies rather than the short term three months mindset of capitalism.
Breaking up the supermarket duopoly and re-setting it with an Iwi backed organisation (similar to 2degrees) with a focus on food security would do more for this country than any other single poverty policy.
Creating a supermarket where cheap healthy food can be sold to consumers, pay good prices to supplies and ensure workers rights at the supermarkets were championed would be a win win win.
By refusing to regulate capitalism, NZ is the land of exploitative monopoly rentals for foreign landlords!
That’s the real immigration threat!
Not the exploited workers coming here to do jobs, it’s the foreign landlord class who milk monopoly rentals from us which robs us of the wealth harvested from our own land.
It’s time to challenge the Oligarchy and their ability to buy their own rules!
Shouldn’t the Grocery commissioner a post Labour created to be seen as doing nothing not be removed as he has totally failed and redirect his six figure salary?
Labour had six years to do something about the supermarket duopoly. But I guess they had other priorities.
Yes ….The 1 in 100 year world- wide pandemic Covid 19 happened…
Like it or not …that threw a huge spanner in the works financially and socially.
Ah the pandemic. Did the pandemic stop Labour from imposing DEI on the public service? Did it stop them banning oil and gas exploration? Did it stop them bringing in so-called “pay equity”? Did it stop them developing He Puapua? They prioritized what matters most to the 21st century left – don’t make lame excuses.
Gawd I’m sick of fwits stating that labour banned oil and gas exploration. They didn’t , but those with very little brain will parrot whatever One Minute Mike tells them.
Paranoid…
Don’t bring the Iwi into this. They have received a pittance, a miserable fraction of the value of what was stolen from them. They have to guard that settlement and can’t afford to waste it in a fight with well established supermarkets.