The consumer watchdog finds Australia's supermarkets are more profitable than their global peers and the two majors don't need to compete "vigorously", but the ACCC stops short of declaring grocery prices excessive.
Interesting reading the article. Would be good to see the complete ACCC report.
I diverge from common thoughts here. I don’t want my productivity going to prop up business lobby groups.
Colesworth is the result of an economic system that cannot resolve the need for more efficiencies via economies of scale monopolies and the need for much competition to get an accurate price signal. No Australian party wants to tamper with the current economic system, so it was obvious this ACCC report was leading to nothing.
I diverge from common thoughts here. I don’t want my productivity going to prop up business lobby groups. Colesworth is the result of an economic system that cannot resolve the need for more efficiencies via economies of scale monopolies and the need for much competition to get an accurate price signal. No Australian party wants to tamper with the current economic system, so it was obvious this ACCC report was leading to nothing.