Canadian Future Party launches, will field candidates in upcoming byelections (www.cbc.ca)

submitted 11 months ago by Beaver@lemmy.ca to c/canada@lemmy.ca

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[-] wise_pancake@lemmy.ca 0 points 11 months ago

Increasing competition adds downward pressure on prices and forces our domestic oligopolies to compete.

That's how markets work.

There's value in promoting a strong local industry, but when that industry fails to compete that's a market failure. The smaller the market the more likely it is to fail.

[-] jerkface@lemmy.ca 3 points 11 months ago* (last edited 11 months ago)

The two things are only loosely connected. The unprecedented wealth and income disparity shows that there are no improvements in efficiency that cannot be clawed back and stolen from the public purse.

[-] wise_pancake@lemmy.ca 1 points 11 months ago

If the market isn't performing its function then that is when the government needs to step in and change the rules.

In this case our grocers aren't competing on price enough, so they'd be adding more.

[-] jerkface@lemmy.ca 2 points 11 months ago* (last edited 11 months ago)

There are other options. If the government operated a store where there were guaranteed prices on certain goods and they were available in sufficient quantities, it would effectively peg the price of those goods in the rest of the market as well. This could be a cooperative or something similar.