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submitted 2 months ago by Beaver@lemmy.ca to c/canada@lemmy.ca
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[-] bionicjoey@lemmy.ca 0 points 2 months ago* (last edited 2 months ago)

"Increasing competition" without lowering prices is meaningless.

Tell me you know nothing about economics without telling me you know nothing about economics. The effect of increasing competition in a heavily monopolized industry is to lower prices.

Edit: I slightly misread the quoted text. I had assumed that "increasing competition" meant breaking up Canadian monopolies, not opening the floodgates to other markets. I'm really surprised that a party called "Canada future" is against protectionism. I still stand by my point here, but I see where you're coming from.

this post was submitted on 14 Aug 2024
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