On the latest Open to Debate, I talk with @denisehearn_ about oligopoly and monopoly in the US and Canada.
Folks, get out your trench coats and put three grocery companies in 'em. This is a great episode.
https://t.co/Otx13zXTpE
@ventriclemouse@RickSteves Rick’s been known affectionately in our house as “Uncle” Rick for 15+ years.
He’s like that chosen uncle who shows up and gives you solid advice when you need it. You know you never need to question it because he knows what you want even if you don’t know what it is.
1. Weird to see the FTC’s Amazon lawsuit described as restrained, a pulled punch. It’s so not that. It strikes at the core of Amazon’s monopolization strategy.
Why the disconnect? One reason is that the commonly told story of Amazon’s strategy is the wrong story.
1. Hello. Today, the US government sued to stop Amazon’s monopoly over online retail. It’s an unprecedented triumph for the small business owners, workers and shoppers who Amazon has dominated, abused and ripped off for years.
Let’s talk about what this means for us.
1. Today @FTC and 17 state AGs filed a lawsuit detailing how Amazon uses punitive & coercive tactics to unlawfully maintain its monopolies. Amazon is exploiting its monopoly power to enrich itself while raising prices & degrading service for its customers.
https://t.co/7NiPGxx2CU
To that point, today's announcement is confusing.
The Liberals are going to strengthen the Comp Bureau, but at the same time, will ask grocer CEOs to coordinate on a plan to stabilize prices.
If the grocers can actually do this, doesn't that suggest there *is* a comp problem?
Major news in Canadian competition policy.
Government to introduce amendments to:
- Remove the harmful efficiencies defense for mergers
- Give the Competition Bureau the ability to conduct actual market studies
- Prevent agreements that harm competition
https://t.co/SvzBZPa4nZ