this post was submitted on 31 Mar 2024
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Consumers may grumble, but these oligopolies are great for investors (www.theglobeandmail.com)
submitted 10 months ago by [email protected] to c/[email protected]
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Canada: three oligopolies in a trenchcoat.

Bank service charges and overdraft fees can infuriate consumers, and more choices could lower their temperature.

From the perspective of investors, though, Canada’s cozy network of oligopolies – in which a few players dominate one sector – can look very different. Slim competition can keep upstarts out and profits in, driving strong shareholder returns and attractive dividends over the long term.

“We have a handful of oligopolies that are able to fend off new entrants (whether regional or foreign) without needing to destroy profits for an extended period of time, or where we need a government financed solution,” Ian de Verteuil, head of portfolio strategy at CIBC Capital Markets, said in an e-mail.

https://archive.is/1BPVW

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[–] [email protected] 59 points 10 months ago* (last edited 10 months ago) (3 children)

“It’s a structure that has proven to be necessary because of our low population and geographic dispersion,” said Martin Pelletier, senior portfolio manager at Wellington-Altus Private Counsel, referring to oligopolies in general.

No it's fucking not, that's absolute fucking horse shit.

That means consumers will continue to grumble about their limited options, and investors can feast on attractive stocks.

That means that the rich will continue enriching themselves at the expense of consumers' wallets, the quality of products and services they receive, and literally their lives and livelihoods.

This author is a huge fucking piece of shit. Most of what they're writing is true, but their gleeful characterization of their gluttonous depravity absolutely boils the blood. In a just society they would be thrown in prison for profiting off an oligopoly, not given a fat dividend for doing nothing. Fucking investor pieces of shit.

[–] vasametropolis 4 points 10 months ago* (last edited 10 months ago)

If you are a subscriber to the Globe I’d honestly report the article. It’s based on skewed evidence and the author had questionable integrity to write it. Investors would almost certainly be better off with more competitive options.

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