Post
"The Commerce Commission has calculated the supermarket duopoly extracts $1m in excess profits every day – profits, in other words, above and beyond those they would make in a competitive market. That $1m a day comes straight out of shoppers’ wallets."
#MaxRashbrooke, 2025
https://thespinoff.co.nz/business/27-02-2025/we-need-to-stop-shadow-boxing-on-competition
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#AntiMonopoly#ComCom#SupermarketDuopoly
"Kent Duston, the convener of the Banking Reform Coalition, estimates that another $10m a day in 'unearned and unjustified profit' is extracted from us by the four big Australian-owned banks. A small handful of firms likewise dominate – and earn excess returns from – electricity generation, building supplies and other markets, many of which have also been put 'on notice' to equally little effect."
#MaxRashbrooke, 2025
https://thespinoff.co.nz/business/27-02-2025/we-need-to-stop-shadow-boxing-on-competition
(2/2)
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