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submitted 11 months ago by Beaver@lemmy.ca to c/canada@lemmy.ca
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[-] bionicjoey@lemmy.ca 0 points 11 months ago* (last edited 11 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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