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Canada's shopping for a foreign grocer. Can an international retailer succeed here? (www.cbc.ca)
submitted 2 months ago by otter@lemmy.ca to c/canada@lemmy.ca
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[-] i_love_FFT@lemmy.ml 32 points 2 months ago* (last edited 2 months ago)

Why is the solution to Canadian oligopoly always "let foreign corporations in", instead of fostering growth of small local businesses and coops?

This also applies to telecom...

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

Because the oligopoly just buy up all competition

Why they’re allowed to do that…well the Reform Party has over a 99% chance of majority in polling atm

[-] K0W4LSK1@lemmy.dbzer0.com 1 points 2 months ago

Yeah and we did that to ourselves allowing them to steamroll us like that

[-] ininewcrow@lemmy.ca 1 points 2 months ago

... and I wouldn't mind if our Canadian government wants to keep the damned oligopoly if they could just tax the hell out of it and stop giving them government hand outs

[-] avidamoeba@lemmy.ca 3 points 2 months ago

When the only tool you have is a hammer...

[-] Son_of_dad@lemmy.world 2 points 2 months ago

Cause the Canadian government cares more about foreigners than they do about Canadians

[-] xmunk@sh.itjust.works 7 points 2 months ago

Of course they can - they could undercut Loblaws by a large margin and still make a fucking killing.

I'm hoping for Alcampo.

[-] SapientLasagna@lemmy.ca 7 points 2 months ago

Or they could suck up a bunch of subsidies to get started, then sell their subsidiary to Loblaws. Foreign company gets cash, and Loblaws gets even more market dominance. Everyone wins!

[-] avidamoeba@lemmy.ca 4 points 2 months ago

Wait that sounds familiar. 🤭

this post was submitted on 03 May 2024
24 points (100.0% liked)

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