This is why the Supermarket Duopoly must be smashed!
The decision by Foodstuffs to kill off NZ caught fish for the long arm of transnational mass food manufacturers is an economic self mutilation that is just another reason why the State needs to enter the Supermarket Duopoly.
It’s outrageous that we won’t be able to eat our own fish caught here in some of the most pristine oceans because Foodstuffs will cut a better deal with Alaskan Pollock processed in bloody China!
This is a strategic food resource we should be protecting rather than have over to Chinese processors!
That Foodstuffs would damage such vital food sovereignty for profit is a reminder why we need the State to step in.
The lie of neoliberalism is that unregulated markets lead to competitive utopia.
They don’t.
They lead to an elite corporate oligarchy who ensure their dominance via duopoly or monopoly. A plutocratic cartel who amputate monopoly rentals from the economy and call it business.
The brutal strength of the State is required to step in and break up such cartels when they bubble to the top and that’s exactly what the Commerce Commission has demanded.
Covid taught us food security matters and a Supermarket chain that embeds a cheaper food security while supporting local supplies is a necessity to correct a broken market!
Government should enter into a deal with Iwi to stock a new chain of Government/Iwi Supermarkets that champion local produce at better prices for the consumer and
We need a kiwi subsidy on all local produce to recognize that producers have already used water and created local climate changing gases to create their product and as such consumers have already paid a price just to get the product to their table.
We should feed the 5million here first before boasting about feeding 40million world wide!
We start by buying our fish local.
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Why add iwi in to the supermarket mix -adding another layer of nepotism?
At some point NZ is going to realize what this stupid co governance woke crap is going to do to the country, and good luck on that day.
Otherwise I largely agree about unregulated markets being bad for anyone except those with capital who then distort the market to suit themselves.
racist? Luddite?
Nothing said about working conditions.
So when, oh when, are we going to have clearly visible country of origin labeling on all our food?
I tried the Canadian pollock last week and I certainly cannot recommend it. I won’t be buying it again, though of course it may not just be the poor old pollock’s fault that it lacks flavour; the problems may lie in the processing.
Sadly, we’ve been down this track before, on many fronts. Petrol and groceries have been spoken about by successive governments for their price gouging. Sadly it stops there, at the “spoken about” stage.
Sealord has eight fishing boats. The rest they contract out to Koreans who man their boats with Indonesians & Filipinos in appalling living and working conditions. This is an iwi owned organization that previously fought the Key government over the imposition of standard NZ health & safety rules on boats working within our borders because they thought preventing legs getting torn off in winches would cost them a dollar. So don’t go clutching your pearls over the fate of Sealord.
As for the supermarkets, if they were profiteering, I’d expect to see them deliver a decent dividend to shareholders, not the 4% they announced recently.
Yup – and even at 4% – 5% EBIT, the commerce commission is all over them, literally accusing them of being robber barons.
Firstly there needs to be a Fair Pay agreement in the industry – currently Countdown and some North Island Foodstuffs stores pay at least $2 an hour more than Foodstuffs South Island yet charge the same price for the same goods. These SI owners shared over $300m in dividends from Foodstuffs SI and the profits made in their actual stores. Check out operator in Invercargill with 25yrs service is on 20c above the min wage.
Competition is need but not by the normal neo liberal way i.e. the cost of labour. Stop the exploitation and lets sort these gready bastards out.