‘I have long wondered why Canadians pay among the highest costs in the world for such a wide variety of goods and services, and marvelled at how accepting we are of these costs.’ Competition in Canada? Plus other letters to the editor for Jan. 28
: Why don’t the Big Three telecoms compete? Why can’t the Big Five banks compete? Is there some magic number below which collusion is inevitable and above which competition starts?
As Adam Smith said, “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the publick, or in some contrivance to raise prices.” So much for the “invisible hand.”A new extruder for our company was installed at the U.S. operation in four weeks. The same equipment at the Canadian operation? Seven months.
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