The ACCC\u2019s interim report on the supermarket sector has underlined the need for laws to stop price gouging and to break up the supermarket duopoly, the Greens say.<\/p>\n\n\n\n
\u201cFor the ACC to describe the supermarket sector as an oligopoly just shows how easy it is for shoppers to be price gouged,\u201d Greens Economic Justice Spokesperson Senator Nick McKim said.\u201d<\/p>\n\n\n\n
\u201cThe report has confirmed what Australian shoppers have known for years – Coles and Woolworths are using their dominant market position to price gouge shoppers and squeeze producers.\u201d<\/p>\n\n\n\n
\u201cThe report shows that their market concentration is more than two thirds and growing.\u201d<\/p>\n\n\n\n
Senator McKim also raised alarm over the revelation that the ACCC is having to obtain some data from supermarkets under compulsion.<\/p>\n\n\n\n
\u201cIt\u2019s outrageous that supermarket corporations are not fully cooperating with the ACCC.\u201d<\/p>\n\n\n\n
\u201cTheir arrogance knows no bounds. As if their massive profits based on price-gouging Australian shoppers is not enough, they think they can defy Australia\u2019s corporate regulator as well.\u201d<\/p>\n\n\n\n
\u201cWe need price gouging laws and divestiture powers to break up the duopoly. These reforms would bring more competition to the market, lower grocery prices, and hold corporate giants accountable.\u201d<\/p>\n\n\n\n
\u201cNow that the Opposition supports divestiture powers for the supermarket sector, Labor is alone in protecting the supermarket duopoly.\u201d<\/p>\n\n\n\n
\u201cThe Prime Minister is talking up a storm but his lack of action is keeping prices high for ordinary Australians.\u201d
\u201cLabor is in the pocket of big corporations. It\u2019s time for them to stop protecting their corporate donors and start working with the Parliament to pass these badly needed reforms.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The ACCC\u2019s interim report on the supermarket sector has underlined the need for laws to stop price gouging and to break up the supermarket duopoly, the Greens say. \u201cFor the ACC to describe the supermarket sector as an oligopoly just shows how easy it is for shoppers to be price gouged,\u201d Greens Economic Justice Spokesperson … Continue reading “Labor needs to stop defending the supermarket Oligopoly”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-29307","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/29307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=29307"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/29307\/revisions"}],"predecessor-version":[{"id":29308,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/29307\/revisions\/29308"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=29307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=29307"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=29307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}