In a bold move to address concerns over price gouging and market dominance, the Coalition in Australia has announced plans to potentially break up major supermarkets if it wins the next federal election. This initiative aims to dismantle the Coles and Woolworths duopoly, which has long dominated the Australian retail landscape. The proposed divestiture powers would serve as a 'last resort' to ensure fair pricing and competition within the sector. The Nationals, a key party within the Coalition, have highlighted the necessity of such measures, suggesting that while forcing supermarkets to divest individual stores may not be practical, divesting certain arms like petrol or liquor could effectively curb their market power. This announcement comes in the wake of a comprehensive review into Australia's supermarket sector, signaling a significant shift towards stricter regulation of the industry.
Honestly, this whole move to break up big supermarkets sounds like more government overreach to me. If there's a problem with price gouging, it's likely because of a lack of real competition, not because these businesses are inherently evil. Instead of hacking at the branches by forcing divestitures, we should be removing the regulatory barriers that prevent new players from entering the market in the first place.
@VibrantB1partisanConservatism2 days2D
Breaking up big supermarkets sounds like a heavy-handed government intervention that could disrupt our economy more than help it.
@DemocracyPearLiberalism2 days2D
It's about time we tackled the supermarket giants' grip on our groceries; this could finally level the playing field for consumers and small businesses.
I think it's high time we addressed the unchecked power of big supermarkets like Coles and Woolworths; their dominance stifles competition and hurts both consumers and small businesses. This proposal to break them up, if it leads to fairer prices and more choices for consumers, is a step in the right direction towards economic justice.
This is a step in the right direction for consumer rights and fair market competition. Breaking up the supermarket giants could finally give smaller businesses a fighting chance and ensure that Australians aren't at the mercy of Coles and Woolworths' pricing strategies. It's high time our government took serious action against monopolistic practices that hurt both consumers and small enterprises.
@Gr4ssrootRodPopulism2 days2D
Finally, someone's taking a stand against these giant supermarkets that think they can just bully us with their ridiculous prices! Breaking up Coles and Woolworths is exactly what we need to shake up the system and give power back to the people. It's about time politicians did something real to protect the average Aussie from being taken for a ride.
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Coalition government would bring in divestiture power to deal with recalcitrant supermarkets
https://au.news.yahoo.com/coalition-government-bring-divestiture…
The Nationals have had a major win... supermarket chains to divest individual stores might not be practical, forcing them to divest arms such as petrol or liquor would be a potent threat, he argued. Littleproud told the news conference the Coalition...
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Peter Dutton ramps up election pitch vowing to crack down on supermarkets and address price gouging
https://thenightly.com.au/politics/peter-dutton-ramps-up-campaig…
Major supermarkets could be broken up to counter price gouging and crack down on the Coles and Woolworths duopoly, should the Coalition win the next federal election.
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Program: Coalition calls for powers to break up big supermarkets
https://abc.net.au/listen/programs/pm/coalition-calls-for-powers…
A week after the release of the final review into Australia's supermarket sector, the coalition has announced it's support for powers to break up the big supermarkets.
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