Canada has a Monopoly Problem
Interesting reel from Ryan Williams Bay of Quinte.
Does Canada have a Monopoly Problem? Look at the facts. Five banks control 85 percent of all banking assets. Two airlines control 85 percent of the market. A grocery sector where three Canadian chains and two American ones control almost everything you buy. Telecom is a duopoly that owns all the “discount” brands. And now Rogers is teaming up with Starlink, the only working low orbit satellite network… locking up the last piece of real competition we had. This isn’t a free market. It’s a closed one. And here’s the cost. Canada’s biggest firms invest about 0.5 percent of revenue in R&D. In the U.S., competitive markets invest more than 2 percent. The result is simple. Where there is no pressure to innovate, you stop getting innovation. Where there is no pressure to serve customers, service gets worse. And where there is no pressure on price, prices go up. Capitalism works when competition works. Without it, we just get bigger monopolies… higher costs… slower growth… and fewer choices for Canadians. If we want lower bills, better service, and real innovation… we need real competition again. Canada can lead. But first we need a market that actually lets people compete.