this post was submitted on 31 Mar 2024
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Consumers may grumble, but these oligopolies are great for investors (www.theglobeandmail.com)
submitted 7 months ago by [email protected] to c/[email protected]
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Canada: three oligopolies in a trenchcoat.

Bank service charges and overdraft fees can infuriate consumers, and more choices could lower their temperature.

From the perspective of investors, though, Canada’s cozy network of oligopolies – in which a few players dominate one sector – can look very different. Slim competition can keep upstarts out and profits in, driving strong shareholder returns and attractive dividends over the long term.

“We have a handful of oligopolies that are able to fend off new entrants (whether regional or foreign) without needing to destroy profits for an extended period of time, or where we need a government financed solution,” Ian de Verteuil, head of portfolio strategy at CIBC Capital Markets, said in an e-mail.

https://archive.is/1BPVW

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[–] [email protected] 17 points 7 months ago

Honestly, if we needed ologopolies because of our population/geography, why are they so profitable? They should just be getting by.

Break up the ologopolies.

Remove unnecessary/ineffective regulation that has been hijacked to promote protectionism.

Make all infrastructure a publically owned utility. If services can be offered on that utility efficiently via the private sector (roads, rail, ICT "digital highways") then let any company use them at a rate that supports sufficient maintenance, repair, and I provements.

In general, ban rent seeking.

This isn't that hard. It's not happening because the political and bureaucractic classes have been captured by big corporations and we have no real choices.