Discover and read the best of Twitter Threads about #competitionweek
Most recents (3)
Mergers like Rogers-Shaw aren’t our only problem. We need the @CompBureau to be able to not only stop monopolies from growing any bigger, but to rein in the existing monopolies that control our markets. [THREAD] #competitionweek
@CompBureau Did you know that @LoblawsON owns @RealCdnSS, @EpicerieMaxi, T&T, Zehr’s, and @nofrillsCA? Not to mention that their points program, @pc_optimum, is linked to @ShopprsDrugMart, @PCFinancial, and PC Mobile, a prepaid cell-phone provider.
This doesn’t include the dozens of in-store brands owned by the Loblaws corporation that are sold exclusively at their retailers.
For far too long, our Competition Bureau has been ill equipped to protect us from monopoly abuse. How does Canada’s competition regulator differ from our global peers? [THREAD] #competitionweek
Unlike in other countries, our Bureau cannot proactively study markets to better regulate monopolies. Most of the Competition Bureau’s activity happens in the dark. There’s no way for everyday Canadians to find out what markets and corporations are being investigated.
How can we put our trust in a regulator that operates with no transparency? That’s why we need competition reform.
Our lack of competition means that companies are gouging us for all they can get. When @Rogers, @Bell, and @TELUS are our only options, they can charge as much as they want for connectivity, and we’re left holding the bills. #competitionweek
@Rogers @Bell @TELUS Our cost of living crisis is already dire. From exorbitant cell phone and Internet prices, to unaffordable housing across the country — not to mention our grocery bills that just keep rising — it feels like our economy is failing us, and monopolies are to blame.
When markets have multiple companies competing for customers, prices stay low, small businesses thrive, and providers are encouraged to innovate.
