this post was submitted on 12 Jan 2024
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[–] jadero@lemmy.ca 27 points 10 months ago (4 children)

... more consistency with our competitors...

They don't sound like competitors, but partners; collusion, no competition.

What happened to "competition lowers prices"?

[–] vexikron@lemmy.zip 10 points 10 months ago* (last edited 10 months ago) (1 children)

What happens is in nearly all actually existing markets with a very established and static general business model, eventually competitors fail or are bought out and competition dynamics give way to oligopolistic or monopolist markets absent government intervention.

This is like a year 2, conclusion you learn studying for a Bachelors degree in Econ, yet the vast majority of the public and talking heads who either are or presented as economists do not seem to agree.

[–] jadero@lemmy.ca 7 points 10 months ago

I've managed to learn that even without taking classes. Yet here we are with people supposedly so much brighter than my high-school grad ass who can't or won't figure it out. That's fine on the surface of it, nobody knows everything. But the people in government who have the responsibility to manage the country to the benefit of the population have no excuse for why they don't have the basics figured out.

[–] ILikeBoobies@lemmy.ca 6 points 10 months ago

Freshco (Sobey’s) does 50% off

So it’s not inline with their competition

[–] CanadaPlus@futurology.today 4 points 10 months ago

Yeah, the whole point of competitors is that you try and differentiate yourself as much as possible.

[–] Kichae@lemmy.ca 1 points 10 months ago

Well, the price it lowers is that of the brands and infrastructure of those that lost the competition.

And the prize for winning the competition is all the money in the world.

[–] Showroom7561@lemmy.ca 21 points 10 months ago

will stop offering items for 50 per cent off when they're close to their best-before date.

Won't this just create more food waste? Or the idea to simply stick a new best-before date on there and sell it as fresh?

[–] ram@bookwormstory.social 11 points 10 months ago

Steal everything. Fuck these garbage pieces of shit. Galen Weston's gonna burn in hell, wearing some sweet kicks made from the flesh of all the Canadians he's killed.