As Australia grapples with a supermarket monopoly, Prime Minister Anthony Albanese hopes the expansion of this Emirati “hypermarket” might bring in some competition.
Colesworth vs Lulu?
As Australia grapples with a supermarket monopoly, Prime Minister Anthony Albanese hopes the expansion of this Emirati “hypermarket” might bring in some competition.
Colesworth vs Lulu?
While I do agree that housing is such a much more important factor in cost of living than Colesworth gouging but it is a real issue and competition may improve it.
I think that a better solution would be to transition the big chains to some combination of worker/consumer ownership. But increasing competition is the only solution to this one inside the Overton.
Again, I reiterate that Coles and Woolworths posted a net profit of ~5-6%. Meanwhile, Coca Cola posted a Net Profit of ~22.6%. But sometime, it’s all Coles/Woolies fault - and some mythical additional supermarket entrant is going to come in and single-handedly fix the affordability crisis.
This whole fixation on Supermarkets price gouging is such obvious political theatre, and it’s saddening to see so many people just go with it, and not question why that narrative is being pushed.
Property prices sky-rocketing over the past 30 years has caused the biggest wealth transfer away from the working class over the past ~150 years. The knock-on effects of this are why people wince at the checkout line - not because cans of Coke are ~$1ea now.