this post was submitted on 05 Nov 2023
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Canada
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Collectively agreeing to raising prices is anti-competitive collusion and illegal.
Collectively raising prices is anti-competitive coordination and legal.
Pandemic and supply shocks is a perfect excuse to do the latter.
Good luck to whoever is trying to solve this.
There's a solution: legally mandating price ceilings. Good luck getting through Congress but the solution to market coordination can't be market forces.
We don't have a congress in Canada, so it would be impossible.
Oh he was talking about America on an article about Canada in a Canadian community. Because he doesnβt read articles, just posts uninformed hot takes that he expects everyone to agree with.
I did the same thing, but it's because we're all seeing the same things as far as cost increases and governments sitting on their hands.
Couldn't your parliament enact such price caps?
Yes they absolutely could.