Canada's Oligopoly Problem: High Prices and Lack of Competition

The text discusses Canada's oligopoly problem, particularly in the telecom, grocery, banking, and media sectors. It highlights the high prices and lack of competition in the telecom industry, citing the example of SaskTel in Saskatchewan. The text also mentions price-fixing schemes by major grocery chains, excessive fees and unethical practices in banking, and the dominance of a few companies in the media sector. It calls for bold alternatives such as public options, postal banking, greater investment in public and alternative media, and stricter regulation of monopolies to address the issue of corporate dominance.

• Canada has high wireless prices and lack of competition in the telecom industry
• Grocery chains have been involved in price-fixing schemes
• Banking sector is criticized for excessive fees and unethical practices
• Media sector is dominated by a few companies, leading to layoffs and closures
• Calls for bold alternatives such as public options and stricter regulation of monopolies