this post was submitted on 05 Oct 2023
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Canada
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The Competition Act was weakly designed with the purpose of allowing a few Canadian companies to grow large. It was thought at the time that this would mean Canada could be a big player on the global stage, but instead it just trapped Canadians in the inevitable consequences of a marketplace dominated by monopolies-- high prices and little choice. You can thank Chicago school economics acolytes and leaders like Mulroney, Reagan, and Thatcher for htis.