this post was submitted on 29 Jul 2023
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Samsung sees 95% drop in profits for a second consecutive quarter::Today, Samsung posted its Q2 2023 financial results. The report says Samsung's profits have dropped considerably compared to last year.

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[–] [email protected] 123 points 1 year ago (22 children)

Sorry. I'm just trying not to get evicted due to living in a country with the highest rent, internet, food, and data plan prices.

[–] There1snospoon7491 11 points 1 year ago (16 children)

Seeing that you’re from Canada, why is this so? Why is living in Canada so expensive relative to elsewhere?

[–] balazs 4 points 1 year ago

The Economist explains it well in their article Australia and Canada are one economy—with one set of flaws. The competition regulators in both Australia and Canada aren’t doing their job, allowing oligopolies to form.

It’s a type of endemic corruption and Transparency International should start calling it out.

https://www.economist.com/business/2023/06/01/australia-and-canada-are-one-economy-with-one-set-of-flaws

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