this post was submitted on 18 Apr 2024
35 points (90.7% liked)

Canada

7159 readers
185 users here now

What's going on Canada?



Communities


๐Ÿ Meta


๐Ÿ—บ๏ธ Provinces / Territories


๐Ÿ™๏ธ Cities / Regions


๐Ÿ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


๐Ÿ’ป Universities


๐Ÿ’ต Finance / Shopping


๐Ÿ—ฃ๏ธ Politics


๐Ÿ Social & Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
 

Canada has a monopoly problem. How did we get here? And how do we get out? Letโ€™s bring home competition

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 22 points 6 months ago* (last edited 6 months ago) (1 children)

I particularly laughed at the line about an economy without competition no longer being capitalism. Like, no, this is just the natural progression of unfettered capitalism. If it's not capitalism what do they think it is? The line almost seemed like "anything I don't like is socialism/communism" dogwhistle.

If we want to actually drive competition, there are a few ways:

  1. State run alternatives.

You know what Canadian province had the most competitive telephone market? Saskatchewan. That's because they have a government run telecom (Sasktel) that doesn't operate on a for profit model.

  1. Antitrust laws with teeth.

Penalties for anti-competitive behaviour need to be big enough that they're not just a cost of doing business. If you get caught price fixing, the fine should be so high that you never, ever consider doing it again. Jail time for CEOs should be on the table for egregious enough situations.

  1. Abandon the "too big to fail" mentality.

When we prop up companies with shitty business practices, we're just encouraging them to fail even harder, because they know they'll always get bailed out.

[โ€“] [email protected] 3 points 6 months ago

Anything too big to fail is also too big to care. If they don't care, why should we? Provide proper supports and retraining for everyone below the c-suite and let 'er rip.