this post was submitted on 31 Aug 2023
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Canada
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Canada's competition laws are a joke. All Rogers/Shaw had to do was to prove that the merger would be profitable for themselves.
That's it. For the merger to be approved, they had to prove it would be profitable.
Canada's monopoly laws actively encourage monopolies.
The country is a joke
And I thought American antitrust was bad. What the hell is happening up there??
Canada has a very serious oligarch problem.
New Brunswick is literally owned by one family. (There's circumstantial evidence that they're poisoning a portion of the population in New Brunswick)
Our largest national grocer is owned by one family. (They've raised prices causing inflation that's hurting the entire country)
One of our largest telecom companies? Yep. One family. (Canada has some of the most expensive telecommunications in the world)
Our mining companies commit atrocities all over the world.
Our government fights tooth and nail to ensure there's no real opposition. We've only ever had two parties elected and they do the same things, but talk differently. (If you're American, that probably sounds familiar)
@Jaytreeman sik0fewl@kbin.social have you seen the posts by @blair_fix on Canada's oligarch billionaires?
eg
"the corporate power networks owned by Canada's billionaire families"
https://mastodon.online/@blair_fix/110595839690056922
and
"10 billionaire families own more wealth than the bottom third of Canadians"
https://mastodon.online/@blair_fix/110729361763887423
@myeyesaredim
I had no idea. Thanks for sharing