Canada

“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.

Corrected title:
~~Consumers~~ [>95% of Canadians] may ~~grumble~~ [be increasingly unable to afford food and housing due to unchecked corporate greed], but these oligopolies are great for [making the already wealthiest <5% of Canadians and foreign] investors [even wealthier]

What we need in response is an "oligopoly" of labour organization, by which I mean a class solidarity that will be able to hold the corporate oligopolies accountable. Why are workers expected to compete with each other but businesses aren't once they drive or buy their rivals out?

If it needs an oligopoly in order to exist, it needs to be fucking nationalized.

Ah yes, if it is good for investors it's good for everyone. Fuck you G&M and your bullshit

The image reminds me the RBC just bought HSBC, reducing our options and tightening the oligopoly. I was a customer of HSBC, but I’m not grumbling about RBC because I switched to another smaller bank. I’m not willing to fund their executive bonuses.

Christ, with that title I thought I was getting a Beaverton article.

This is the best summary I could come up with:

Consumers like to complain about Canada’s biggest telecom players, banks, railways and grocers, and how limited choice in this country is keeping prices higher than in much of the rest of the world.

The deal created a single line through Canada, the United States and Mexico, which promises to deliver double-digit profit growth from 2024 through 2028, with help from cost savings and share buybacks.

Canadian telecom stocks have been struggling over the past two years as rising interest rates weigh on the appeal of dividends, the established players plough big bucks into upgrading their fibre networks and Ottawa takes on the country’s high cellphone charges with tough talk.

After the telecom reported its fourth quarter financial results, Cory O’Krainetz, an analyst at Vancouver-based investment manager Odlum Brown, said that costs associated with network upgrades and interest expenses weighed on profits.

Loblaw also delivers efficiencies of scale, generates valuable data on the spending habits of members in its PC Optimum rewards program and has a lock on some of the best locations for its 2,400 stores nationwide.

The solution, according to the Competition Bureau, is to encourage online competitors, support independent grocers, open doors to international companies and ease property controls that can shut out new entrants.

The original article contains 1,774 words, the summary contains 207 words. Saved 88%. I'm a bot and I'm open source!

Lol sure they are, so what?