This didn't start with the LIberal government and probably won't end with a Conservative government. Although he avoided mentioning it, the problems happened throughout both Conservative and Liberal governments in the past. The point is accurate - we need more competition but I doubt any government is going to do anything to help this along.
when you consider that the monopolies are large donators to both the conservative and liberal parties its hard to believe this video is anything but a grift, pollieves campaign manager is a lobbyist for loblaws so you can expect the conservatives to do nothing about their grip on the market,
@@botks894 because it is a big club coming from a few universities taught by the same people all leading to baron and lordship titles and the house of lords. The richest family n Canada is the baron Thomson of fleet. As in Thomson Reuters. Viking air. Etc etc. Railroads, energy companies, everything.
@@botks894 Yes and for a further example look at Doug and his relationship with Loblaws who have been allowed through their ownership of Shoppers to be paid to administer vaccines, advice from pharmacists etc also during lockdowns small retailers closed but Walmart open etc.
It should be illegal for companies to have subsidary companies under different brand names. That would make the monopolies visually obvious to everyone, so everyone can see the scale of the problem.
Thank You for talking about these things. My Grandfather was kind of an idiot. He got involved in building the Insurance Restoration industry monopoly here in Winnipeg. I found myself working for his betrayers years later. Our family had fallen apart. I went to talk to my grandmother about what happened. It was a joke. I knew our attachment, I knew we'd have nothing to do with what I was seeing. Monopolies have degraded our national productivity, promoted mediocrity and ruined our pool of leadership as they all mostly come from pools of people who live in a false reality created by their place among, pretty simply put, groups of racketeering fascists who haven't had to participate in society in any manner aside from leeching lowlives since the 80's. Canadians are fools. PCs made this problem. Meet them and their children on a personal level and You'll know where the issues come from.
Oh, it would do a lot more than that. Corporate tax rates are quite steep on profits; not sure about all the other provinces but in BC Corp tax rate is a 2 tier rate. First step is ~10% on profit (from memory) right around 400k. This is about 10 years ago; the numbers are probably a little different now. But tier 2 tax rate on profit above the tier 1 level are around 35%. So if the owner Corp has to declare profit all in one corporation, it jacks up the tax rate by quite a bit. Which is why I believe lots of companies do it that way; that and it limits liabilities as well. A subsidiary can be sued into bankruptcy without bankrupting the holding company.
I've often wondered what would happen if companies were forced to include the parent corporation in brand names "Fido by Rogers", "Quaker by Pepsi", etc. I don't think it would need to extend to product names assuming the brand name is prominently displayed in ads and on packaging. Would forcing that be a subtle enough middle ground to force awareness to consumers?
@@joshhsoj1902 maybe - but it would also end lots of weird tax loopholes and whatnot. Like if Doritos loses money one year, I'm sure they do all sorts of tax offsets, even though its parent corp is essentially one large food company that made billions, so it should all be taxed as profitable. It's not actually a "different company", so to speak.
Good video with one glaring omission: not one word about the competition-killing Canada Dairy Commission. To protect a minuscule number of pampered farmers through tariffs and quotas, the rest of the population pays egregiously high prices for dairy products. As long as the Conservatives shy away from this issue, their call for more competition smacks of hypocrisy.
I'm with you, but I wonder if the dairy challenge is too daunting ? Bernier might still have a seat in parliament if he hadn't picked that fight. IDK maybe taking on big dairy is a higher level boss, have to practice on the lower bosses first?
This guy is hilarious if he thinks Conservatives will bring in competition. Harper did everything he could to protect the telecom oligopolies during his tenure and let those companies fire thousands of Canadians so they could hire overseas.
Canada's federal government needs to force these monopolies to divest. But no government, Liberal/NDP or PC, will do that. It will piss off the richest people in the country.
@@nathanlevesque7812 Jag wouldn't. NDP maybe. Jag... naw. i dont see it. i want him to be a real leader.. but its just not there. he fails to hold Trudeau accountable. he fails to push any meaning full legislation. and dont tell me the dental and disability bills are a win.. they are absolutely anything but.
PP said in a Jordan Peterson podcast that he wanted to help new startups and he voted against the RBC merger behind the scenes so he does want change it seems
I completely agree with much of this - but in what alternate history has the conservative govt ever prioritized the little guy over monopolies?? Hell, they CREATED most of them (selling off Air Canada and Petro Canada, for example).
Why would the federal government do anything about it when they’re getting most of the revenues from those exact same monopolies. When an election comes around campaign contributions come from the least competitive companies saying let’s keep it this way because I’m giving you shit load of money.
One flaw with your argument - the provincial Crown corporations like SaskTel allow for some of the most competitive prices within Canada for telecommunications. In fact, the big 3 then undercut the prices in Saskatchewan knowing they can make up the “loss” in the rest of the country. Government intervention in the economy is not inherently bad or anti-capitalist if it’s used as a tool to wedge open oligopolies and prioritize service over profits as part of creating a competitive market.
@@Trythis837 March, 1, 2024, Bloomberg headline..."Average Canadian pays 61 times more for mobile data than people in Italy: study ." Maybe you should only be paying $0.57 per month instead of $35 ...lol
As a new arrival to Canada, having worked in tech here for a few years now it’s shocking to see the effects of this. There is a nation wide culture of lack of innovation in the c-suite of large companies. Conservative decision making at every corner and every decision made to appease share holders at all costs.
They print unbacked currency out of thin air and then make you pay taxes 🤔 A system created by the greatest slave masters in the business, Gold is money, everything else is credit - JP Morgan 😉
It’s literally a representation of how Capitalism works and why the game was created in the first place lol. Monopolies gradually take over the market as competition plays out. Eventually big players keep out small players and everyone is paying rent to monopolists just to survive and are lucky if they are allowed to reproduce. That’s why we have immigrants, so Capitalists don’t even have to remunerate you enough to have families.
The game was actually designed to show perils of capitalism. Ironically, it became one of the best-selling board games of all time and greatly profited from the capitalistic system.
Not to mention monopolies in minerals, lime stone and cement. Cement is too heavy to import from elsewhere, and Canadian concrete prices have increased 55% from 2020 to 2023, far outstripping CPI as well home price increases. Shortfalls in cement supply is hampering residential construction
Basically: The Canadian Government is so scared of foreign competition (specially american competition) that they end up protecting their own national monopolies.
Monopolies are not antithetical to capitalism. They are result of unregulated capitalism. In its "natural" state, capitalism will result in monopolies, they are not a product of having lost capitalism. Even if one is a fan and proponent of capitalism, claiming that its shortcomings are not "real capitalism" and only acknowledging the positives of the capitalistic system is disingenious.
@@BlairGordon-g8c Most monopolies not just now but in history were not the product of government regulation but market forces. It is pretty hard to compete with a railroad company that not only already owns billions in tracks and carts, but also has the capital to undercut a new competitor that needs to actually make a profit in the short to medium term. A large behemoth of a business has many advantages over new competitors and without anti-trust laws, they could easily strangle any upcoming competition. Not to mention cartels that also are the product of a capitalistic framwork without any government intervention. I'm not saying that there can't be any government caused monopoly, but the idea that monopoly and capitalism are not "naturally" occuring together but only after government intervention is not just wrong, but quite literally disproven by history. As seen by the gilded age in the US.
@@BlairGordon-g8ceveryone knows the classic socialist rallying call. "Socialism is when the government does stuff. The more stuff the government does, the more socialismer it is." Just wait till this guy learns about how wartime capitalism lol
No sir, monopolies are the exact opposite of capitalism. Another word for capitalism is competition, which results from a free market. The moment you start regulating and subsidizing the market, you create monopolies. Did you not watch the video?
@@markhermiz7300 Capitalism is not comptetition, capitalism is the private ownership of the means of production, which are in turn put to use to accumulate more capital. Or in other words: A (or multiple) private person(s) own(s) companies and machines which are operated to generate a profit which in turn is used to invest into more companies and machines. If this produces a market in which multiple competitors try to undercut each other in prices and overperform each other in quality, thats capitalism. If this produces a market in which one of the companies has a position that allows them to either work uncontested (for example the cost to entry is too high, like in Telecommunication or Railroads) or them having an advantage so great that nobody can compete (like a big store pricing out smaller ones, like standard oil did) thats capitalism too. I'm not saying that you should like or dislike capitalism, but just picking out the situations in which you like it (many competitors, an open playing field, a free market) and ignoring it whenever you don't (the accumulation of more and more companies in fewer hands, monopolistic behaviour) is nothing short of economic fiction. Capitalism is not defined as eternal competition. Competitions often have winners and in past and present, those winner will use their power to stay winners. Anti-Trust laws have literally been introduced to combat this fact of capitalism.
You should read "Liberal Fascism" (2004), which is a strong summary of how monopolies aren't natural to a capitalist society, except for a very short time.
Thanks for this. Big reason for affordability issues in Canada. Our gas prices went up 30 cents a litre in 2 weeks. Carbon tax? Nope. Greedy oil companies.Seriously doubt PP will fix this. He has been representing the interests of these companies his whole career. If he has a plan to fix it, I would love to hear it. What you just described at the end of the video will not do it. You think a startup company can compete with any of these behemoths? They will just buy them out or price them out. It's been happening for decades and nothing was done. You need to break up these companies.
Yup, no mention of breaking up and devesting these monopolistic companies. Cut the red tape? You mean cut costs for companies who already dominate the market?
Yep - I was with him until he pretty much pinned this on the current government. It was harper that approved the Chinese Communist Party taking over Nexen. Both Liberals and Conservatives are to blame.
@@nam3go3sh3r3 This is short-sighted take. Regulation also includes anti-trust laws which solve problems. Not all regulation is bad. The right kind of regulation can be good
I agree that this is a big problem, but I don't see the Conservatives fixing it. In fact, everything I see shows me that the Conservatives only line the pockets of their wealthy friends. Look no further than Ford and his developer buddies. Sadly, monopolies and oligopolies are the Canadian way for all political parties.
Just the part about the crown corporation. I actually think they were mostly dismantle because bigger wanted to get into the market. Most crown corporations still in operation have a positive impact. Regarding one like lcbo, SAQ, SQDC, it’s a political choice to deliver the service through a public entities, and the current state of the market a voluntary state. So I do not consider them a problem.
Fine video; good balance of being able to kind of get the general surface situation while missing the cause of it entirely. Good balance of lies of omission, misrepresentation, and self-promotion. This video is successful at what it aims to do: get more people who know little to support you. This video is unsuccessful at explaining the situation, the cause, the international context, the national context, and proposing actual solutions. What you got right. 1) Canada has oligopolies. 2) Canadians have higher prices for things like phone services. 3) Monopolies and oligopolies buy up competition and innovate less. 4) The federal government has done little to prevent monopolies. 5) Monopolies don't happen by accident -- see: accumulation of wealth, centralization of capital, tendency to monopolies by the Bad Beard Guy. You can disagree with his conclusions but it's ok to read his analysis. 6) The government made monopolies worse by overregulation. (without giving compensatory aid to developing competitors.) 7) Monopolies raise prices and can get away with it because consumers have no alternative to go to. 8) Monopolies/oligopolies hurt everyone except shareholders. 9) Adam Smith didn't like monopolies. (He also didn't like landlords -- check that out! (: ~~~) 10) The cost of monopolies are worse than what Smith imagined (see Bad Beard Guy) 11) More companies are exiting markets and this reduces productivity (see "falling rate of profit" from Bad Beard Guy) 12) Every Canadian should be concerned about the concentration of economic and political power in the hands of few. 13) The answer is more competition 14) We need new policies 15) We have to help create more competitors. 16) It is the government's role to ensure that the market is free from predatory practices from the market leaders. 17) The monopoly problem is threatening Canada (and many other countries, may I add) Here's some glaring issues with either your ability to write or your ability to tell the truth in an open way. 1) "You can't get more Canadian than beer." What the fuck? Weird nationalism flex that's not even accurate. 2) It's called capitalism, not free-marketism. Capitalism is the rule of capital. Capital is money whose purpose is to make more money. 3) "It's not even a capitalist economy anymore" See point 2. Really. iT's cRoNy cApiTaLiSm lol. Capitalism is characterized by the private ownership of factories and businesses, (founder ownership, shareholders, board members). 4) Canada was NOT the first to pass antitrust legislation; Iowa did it before in 1888. Called "An Act for the Punishment of Pools, Trusts, and Conspiracies." I will not claim that this was the first, I just state that your statement is counterfactual. 5) There hasn't been 8 years of a Liberal-NDP government. The NDP formed coalition in 2022. In 2015 it was a Liberal majority. Conflation or outright lie, still unsavory. 6) Conservatives HAVE NOT been consistent in opposing monopolies. 7) The NDP opposed the RBC-HSBC acquisition. (source: www.ndp.ca/news/merger-will-mean-more-profits-huge-banks-less-options-canadians) 8) The NDP opposed the Rogers-Shaw acquisition. (source: www.ndp.ca/stop-the-merger?source=20220216_WEB_GEN_1_AYN_NDPWS_NDP_EN_ALL) The ideological brainblocks that cause for poor analysis points: 1) So, after government deregulated monopolies... that didn't solve it? But... less regulation means more freedom? Wait -- please review accumulation of wealth, centralization of capital, tendency to monopolies by the Bad guy with the Beard. 2) You mention the monopoly boardgame, but didn't bother mentioning why it was invented: to expose and criticize how capitalism works. It was originally called "The landlord's game" 3) I don't know about you, but I've never negotiated a price at a store in Canada. Maybe a market, but not a store. The fact that works do not set the prices and owners do not work at these stores mean that prices cannot be negotiated. 4) RE: "The Amazing Disappearance of the Canadian Public Company" - a 2016 article ... Who was in government between 2006 and 2015? I'll remind you... it was the Conservatives under Harper. 5) The Number of Publicly traded companies did drop from 2007 to 2016.... how has it been doing since 2016? Higher than it was in 2007? I'd probably leave out the whole point if the truth is opposite your argument. (Source: www.theglobaleconomy.com/Canada/Listed_companies/ ) 6) Regulations don't exist (solely) to restrict competition, but also to set guidelines and standards to the products and services provided; without people needing to die in order to cause social media campaigns. A single consumer does not have the power to impose standards on producers or service providers, and they could only know that quality is not met after already suffering from it. Regulations are necessary, and even still they are not enforced enough. In addition to regulations, there should be counterbalance for emerging competitors to help them comply with existing regulation to be effective at actually competing with existing enterprises. Nitpicks, but to be honest a little concerning/revealing in that you either are lazy with your research or willing to lie or mislead on these details. 1) The average founded year is not 1914, I did the math from the Forbes 2023 list and it's 1926. 2) The first recorded use of "oligarch" is 1895 - not the 1930's 3) Why did you talk about the Raubritter (medieval German robber barons) and not the industrialists like Andrew Carnegie, JP Morgan, Cornelius Vanderbilt, Jay Gould, Rockefeller, and the people we usually refer to when we use this word? 4) "The Amazing Disappearance of the Canadian Public Company" by Financial Post says the number is 16.7%, not 13%. Also it's from 2016... Who was in government between 2006 and 2015? I'll remind you... it was the Conservatives under Harper. (repeated because it's kinda a big deal that you're omitting this detail) This isn't an exhaustive list, it's literally me going through this once. I'm not a politician so I'm not too familiar with the specific bills that you alluded to but didn't name, so I cannot confirm that. In fact, there's a lot of claims you made without a source, so I would have a lot of difficulty verifying a lot of what you said. Also, you were vague in a lot of stuff, and I'd rather debunk what you said clearly rather than put time into interpreting you and then debunking that and having you equivocate ala Jordan Peterson style. Also, the Dairy Lobby that pays A LOT to the Conservative Party. Finally, the conservative party is not the solution. As I stated here, the problems you pointed out from 2007-2016 was under Harper. So, lol. Anyways, nobody's gonna read this, but know that I know that you're a liar and a worm. (:
@BecauseCanada: I read it, and agree but unlikely I'll be able to post this comment. My own comment was shadow-banned, but it could be because of AdBlockPlus...
Same problem exists here in New Zealand. This is a global issue where govts have sold out their people and are working hand in hand with large corps. To a certain extent we did it to ourselves, we took the convenience and the low prices these companies offered in exchange for our freedom. If people are awake enough now, they should be doing everything in their power to support local business and their community.
While the Liberals have been awful with consolidating companies, I doubt the Conservatives would do much better. Since it is the party of big business.
Me noticing he didn't mention actually breaking up any of the monopolies... Hmmm... Me thinks maybe daddy Loblaws sends a fair bit of money their way to keep the status quo.
What specifically would you have him do that he hasn't done? It's important to have an idea what we're expecting them to do, that way we know when their hands are tied vs when they're being complacent
People like you are able to talk but don't understand, he's attempted to addresses these monopolies with bills he's sponsored. But you need more than just one MP to allow these bills to pass, you need majority yes from the house of commons
@@Unpopular_0pinion Specifically? Introduce a private members bill to break up the monopolies he claims to despise. Successful or not, I would vote for a candidate with the cajones to do this.
@devinmcmanus do you have any ideas as to how to break up monopolies? Just curious. I had an idea for a "Corporate Facts" label to be on every product/advertisement sold that shows all of the companies that any given product is owned by to help educate consumers. It wouldn't break up monopolies directly.. but it would help us, the market, ensure we're only supporting companies that we want to support. In areas like banks and cell providers, though, something really does need to be done to breathe competition into the market.
Very well done video!!! I’ve done podcasts talking about this exact issue with professionals in the financial sector who said exactly that! “How do we create better pricing in Canada? Through more competition!!” It’s a very great point to highlight and an issue that has to begin to be solved!! Canadians deserve a free market fulled by capitalist growth encouraging better services with more competitive pricing 🇨🇦
This is Adam Smith and Noam Chomsky 101 The inequality in Canada has been created over 150 years partly by a monarchy and by the policies of 3 major Canadia political parties. By lessening the control of the monarchy we now have a government that answers to absolutely no one. To consider Canada as any sort of democracy is a fantasy that even European leaders have denounced. Canada is massive and in abundance, and yet Canadians have suffered exploitation and inequality. When my parents arrived after the war they could not believe how destitute Canada and Canadians were, especially leaving europe, which was still mostly in shambles from the war. Of course, Canada is designed to be exploited as are the people that live and come to Canada. The new capital gains tax and anything else the government can come up with will further erode what is left of the middle class and with certainly aggressively go after the upper middle class. Since the 70s there has been an vicious power attack by elites to reduce the wealth and power of Canadians and our neighbors to the south. Each decade, taking more away from the people, and demanding longer hours worked and more production. If that wast enough industry was moved out of north America overseas to cheaper labor markets. Now corporations want to shift what jobs are left to a flexible workforce, further destabilizing peoples lives. Then you have have world migration of cultures that class some legal immigration some illegal but certainally all an unnecessary excess exploitation of the limited social resources that are left. The science now clearly shows people are now living shorter lives, more and more people are living in poverty, hunger has risen, homelessness has risen, medical disease has risen and education is unaffordable. Everything is pointing to a complete and total collapse of society in Canada, USA and many other democracies. Even the nuclear doomsday clock is at 9 seconds before midnight. "9 seconds before midnight" Does this not shock anyone? There is only hopelessness now for people. Power corrupts, and absolute power corrupts absolutely God save us all
The privatization movement was a mistake, some things are natural monopolies (look it up) and when they were privatized it just took it out of the hands of the government and put it into the hands of their cronies. We do need more competition (where it's called for) and could actually use more government investment into privatizing (ontop of some of the suggestions here regarding stopping mergers and doing some break-ups). We should look into how the Japanese broke up the Zaibatsu after WWII. Their government would invest in two competing companies to forge a new industry, and it worked very well. So no more government investment in single companies, instead invest in two to force some competition
In the hands of a democratic government, a monopoly has a chance of not being evil. Like how health care is less expensive in any place that doesn’t abuse its citizens as the US health insurance corporations do.
I actually have no problem with Crown Corporations because legally they would belong to all Canadians. Ironically when Ralph Nader deregulated airlines in America, a bunch of them merged. I find privatization doesn't solve monopoly problems. My solution is better opportunity for startups. (Edit: was halfway through the clip when I commented. I spoke too soon).
I'm a young guy in my late 20s dreaming of owning and operating my own business one day but the amount of red tape to get through for a start up discourages me. Not to mention the lack of investment from any government for entrepreneurs is another barrier to entry. I love this country and want to stay and build it but the current situation of the nation makes it difficult to stay. Hope this changes soon.
I’m 37 and I’ve voted liberal my entire life. No more, this video spoke directly to me, and I shared this and discussed with all my close friends. Im a product manager in the highest tax bracket - moving forward I want those taxes to go to you and the conservators (minus sleazy Doug Ford).
Sorry, this is stupid. Australia's cell phone market is a duopoly.. they also have low prices due to allowing MVNOs to operate. Yes Canada has 6 big banks, yet in some markets, its VanCity or CaisseDesjardin that dominates in certain markets. If pricing in banking is not competititive enough, then how come some of these banks also can compete in the US market. We don't see our cell phone companies doing that Then you have utilities.. there are local monopolities for delivery of electricity, water and natural gas.. and what happens when they want to raise rates to fund some infrastructure change? They have to go through a govt regulator to get it approved. So lets get back to the main problem - productivity - specifically how much $$ these oligopolies invest per employee in software, IP etc. There is a simply fix, better than waiting for some global corporation to come in and siphon profits from here elsewhere: Govt regulators doing their job!! It's what, almost a decade since the idea of opening the cellphone market to mobile virtual network operators was floated. When will CRTC allow it? Then there is the code of conduct for the big grocery chains, so they are not nickel and diming their supply chains. Why is that stalled before parliament? Fact is that everywhere else, it is not competition which tames monopolies - it govt regulators which tame monopolies. In Canada, they sit there like it is their job to serve the monopolies
@joshhsoj1902 true. but in markets which would yield a natural monopoly eg enbridge in southern ontario, ending regulation would only lead to more profit taking. Only regulators can force eg Roger's bell & telus to share infrastructure with competitors, so that mobile virtual network operators can move in and offer way better cell phone rates. This is the balance a Poilievre govt wiĺ have to get right in order to fix Canada (assuming the liberals don't cheat again like the last 2 elections)
Preventing monopolies also does more than just raising taxes for the rich. Any increase in tax for business just goes into the cost to buy at the store for the end consumer. And if you think you can come up with a way to still stick it to these companies they will just leave and them leaving doesn't magically make it so someone smaller can take their place. Depending on the company it could just end up making the monopoly situation worse by one company leaving from a market that has an equally large company remaining.
It's the conservative government that cuts all new business benefits, grants and incentives. The only way to create new businesses is for the government to create incentives and protects for new businesses.
The thing is new companies get more taxed by government. Less likely to get loans from these banks. It gets difficult for them to find skilled workers as they're moving out of country
More people need to see this, great video 👍 Why do we pay millions for pension staff when they haven’t even kept up with the gains in Gold for the past 40 years, what are we paying for?
So much truth has been spoken in this one. Bravo. I don't think most of the people in this country either understand or care about this topic. Try to strike a simple conversation about it and see how quickly people start picking up on other places and see how misinformed/under informed people are.
The banks especially are laser focused on protecting their investment, namely residential markets. They will move the universe before letting the real estate market in Canada correct itself, much like the way the US feds prop up the stock market. ACTUAL housing prices (not value) is about 80% less than what we are seeing, right across the country, no matter the type of real estate. We see the same thing with food and fuel. These three (food, fuel and housing) make up the basics of human needs. It is no accident that the feds are also involved on driving these costs, as they are the only true means of controlling the populace.
One of the big issues is that we've made it impossible for companies to stay independent. If an owner wants to quit and divest, often the only way to do so is to sell to a large corporation. We need to start heavily enforcing antitrust laws, and break up more of these companies. And no, the Crown corps aren't the problem, they just have to be used correctly. The railroad monopolies can't be broken up because we can't infinitely build more railroads, the government needs to own the underlying infastructure for rail, telecom, and power to name a few. (telco infra should probably be municipal for example) If the government owns the infastructure like it does roads, anyone can operate on them, anyone can use them and develop products dependent on them. ISPs for example aren't monopolies because they're over regulated. In areas around the internet exchanges there's plenty of competition. It just costs million, maybe billions, to build enough fiber cables or cell towers to actually run a business, and that can't be be fixed with "less regulation", it has to be fixed by making the existing lines and towers open to anyone.
How government should stop this from happening, if a business can benefit more from selling it to a bigger one than keeping running it by self. I feel this is just natural fact of capitalism itself, maybe not how the capitalism started, but almost 100% how the capitalism will end, just a matter of time. I don't think other major G7 countries on a better track.
If you read the book, "The Wealth of Nation" and his other works Adam Smith, regarded as the father of capitalism, he recognizes the need of government regulation in the economy
I really like these TED Talk-like videos, but only the Conservatives seem to be doing them. Competing videos would be much better, and much more useful, than the usual election debate. More please! (and a rebuttal Libs/NDP?)
Cringe video. Get rid of the dramatic music and talk to someone who doesn’t speak in absolutes… otherwise this is just red meat propaganda for your base.
The only issue with this video is its a Conservative advert. not just a PSA. They had me in the first half. Pierre wont do anything this man says is required.
@@theshi3152 a PSA in part is generous. Anyone claiming to have so many answers of the universe is either being disingenuous or too stupid to know better.
@@btfrost im sorry you fail to understand. but nearly everything they talked about is perfectly accurate again the only probem here is its a conservative advert not the information within the video. for once im actually proud of a conservative not ALL of them are fucking insane. this guy knows what hes talking about.. the issue is hes on the wrong fucking team. Cons aren't here to help.
@@theshi3152 the information is likely perceived as accurate for people who want to believe there are simple answers to what ails us. Unfortunately the world is not simple.
@@btfrost i never said it wasn't these problems are complicated problems. but simple solutions to complicated problems to exsit. the issue is monopolizatoin. end of discussion. there is no complexity here beyond this fact. Canada is 5 companies in a trench coat.. competition is how capitalism does its thing.
I was a solid NDP voter when I immigrated to Canada 6 years ago. Fast forward, I’m now solid Conservative! I hope there is a blue wave which actually does good such as splitting the monopolies, boost infrastructure spending in a variety of energy sectors, and if needed reduce taxes and public services.
Very savvy & slick. I'm politically unaligned & think this was well made. Yet, unchecked greed & such is how this situation came to be. Humans, as a sentient species, needs to reign in it's greedy nature & grow up otherwise we are truely dead. If you believe in a min wage to 'survive' to service others better off than yourselves without capping the greed (max wage)... what can I say. When we ALL can afford to actually 'live' I will consider what politicians actually say. More likely, I'll believe it better or more when I see it in real time. A pre-maturely forced 'retired' & unemployed CAF Vet.
In NS all Canadian food. Potatoe, turnip, carrots and onions are being sold ROTTEN. So Canadian must east mexican food. Red peppers etc...NOT by choice but by force. Go buy a turnip cut it in half what do you see in the center - ROTT. Carrots LIMP, A bag of potatoes cut them all in half. Most you cannot serve to guests. Bag of onions cut in half. How many can you eat? Most restaurants have removed Potatoes from the menu. What happened to CHOPS? What happened to TOMAVO?
Yep. It becomes super obvious when you try to make a startup here. There is regulatory capture embedded deeply in almost every industry, that make the cost of entry unfeasible.
If things don't change and fast, it will take decades to bring Canada back to any level of what it was on the world stage and for the quality of life of most Canadians. Many are leaving faster than ever, Canada's brain drain is unprecedented, and business leaders and innovators are leaving for better lands and regions. Also, talking about the concentration of resources and monopoly, let's talk land! Did you know the governments in Canada hold about 90% of lands coast to coast to coast, not Canadians. In places like BC it's upwards of 95%! Yet people wonder why land and real estate is so high... look at the lands and who holds them! Time to bring home affordable lands for Canadians by allowing them to own them? Oh, and without property taxes for as long as you pay taxes on something, you will never own it. There is a better way. Let's get after this!
I want to discuss my own experiences and what I have witnessed. I have found that Canadians are a fan of Walmart and Costco because they have good enough quality products and cheaper prices. This is why I see extreme crowding in the stores as well as lineups that don't seem to have an end. Meanwhile, I go to those same stores in the US and they are deserted compared to that. That's because they have more choices. I find myself shopping most at Walmart and Amazon because of affordable prices and convenient services. This hurts small businesses but I think a lot of them deserve it. I say this because I have experienced rude services and witnessing 2 times the prices of Amazon. So why subject myself to degrading treatment and pay more? I'm always satisfied when those businesses close permanently but it's also sad that Canadians are only improving American economy
It's the conservative government that cuts all new business benefits, grants and incentives. The only way to create new businesses is for the government to create incentives and protects for new businesses.
This is why I say voting in Pierre is not gonna do anything. It doesn't matter who we vote in. Because the biggest contributors to their campaigns are these monopolieso. They're not gonna do anything about it, no matter who we vote for. That's just the truth.It doesn't matter who you like things aren't gonna get better.That's that's why i'm planning on leaving the second I can
Wait so we privatized all our public corporations in the 80s, and then just after that everything got way worse? Gosh golly gee I wonder if those two events are related somehow 🤔
I agree with you about the corporate monopolies and oligarchs, but the private equity firms own the political parties and PP won't break up the monopolies, his campaign advisor is a lobbyist for one of the grocery monopolies. Harpo never broke up monopolies so why would PP?? he won't.
damn I didn't realize you were an MP until the end. Love that you're able to get your message across without paying for ads just because the message is that important
It's the conservative government that cuts all new business benefits, grants and incentives. The only way to create new businesses is for the government to create incentives and protects for new businesses.
This was great right up until they started saying conservative is the answer. Trudeau made be horrible, but does anyone remember Harper? Conservatives CONSISTENTLY slash services and pocket it. The make “Independent” businesses that are all linked to either companies they privately own or have ties and relations with. The answer is not to vote conservative, in fact, like always, the answer isn’t even in the hands of the people. We have been muscled out of the economy completely just like we did back in the day of the hudsonbay company, and the answer is the same as it was back then. We got here because of government corruption, and now it’s up to the government to fix it by dissolving this mess they made and letting us back into being able to control the government and economy.
Agree with all of it, but there is one point that keeps bringing back these monopolies: density. The government trades off development in areas of Canada that are hard to develop with giving protections to back the investment. At least this was the original driver. For instance, Bell, a company I loath, puts telecom lines into places that would not otherwise have it. Rural density is a challenge in a country that is so spread out. Modern technology has improved this situation, so maybe it's time to finally get serious about anti-monopoly laws. PS: it was HBC that gave territories to get people to take the risk of harvesting the resources, knowing that their investment in doing so would not be highjacked by those hearing of the riches they found.
Big companies buy up high potential competitors, why wouldn't they do the same with politicians who advocate for policies that hurt their interest? I just hope it's not too late...
this video can be really hit or miss. it feels like a rollercoaster. at first im thinking, what a weird analogy, then he brings up milton freidman so i think, maybe hes gonna make a good point then he talks about how the government needs to do something then he talks about dergegulation as an austrian, i can only hope the best for you Canadians.
We need to increase immigration targets if we want more competition. More people means more potential job creators and more workers to work said jobs. I don't care if we have to get to 2 million new residents a year. That is what it is going to take in order for Canada to become a competitive nation among the larger ones! Imagine what would could do as a nation if we had the same population size of the USA! Canada, over time will eventually get to 300 million people at some point in the future. There is no reason that we can't bring that future closer to the present.
That used to be the Conservative Party of Canada. Now that party only focuses on culture issues instead of real policy. Poillieve will not do anything about the economy because it's a boring topic to talk about. The voters get wilded up about fake policies like trans rights, cutting immigration etc etc.
I don't know about other industries but I know the core reason for airlines. If capitalism was truly allowed in Canada, a number of cities wouldn't have ANY airlines flying into them or prices average people couldn't afford. Our country, much like Australia is too thinly populated. Every Canadian government runs into the exact same problem. Encourage competition and towns and small cities lose core transportation, especially to the north. Air Canada is hamstrung by contracts to provide flights to unprofitable destinations. I don't know if we could shift to government run passenger rail to these destinations? That's what many of them relied on before the advent of planes providing transportation.
Opening up the borders to American/foreign companies would be disastrous for Canadian companies. Take Air Canada for example. Opening up to Emirates (an oil country subsidized luxury airline) would decimate Canadian airlines - only have to look at Australia and Qantas Airlines. The consumer would have more/cheaper options, yes, but the local GDP in terms of producing/jobs would be decimated. Catch-22 of sorts.
Ill say this: Me and my future wife (23/20 years old) have completely checked out of the idea of building our family or buying a house in canada. full stop. We see so many issues with the country and so few benefits that cant be found elsewhere. Even if benefits such as 'free' healthcare exist, medical insurance + tax is ALWAYS lower than my taxes here. Many of my friends have expressed similar desires to leave - no one wants to dedicate their life to working a job where you never build towards any real legacy... everyone here is just a cog spinning to make someone else 100x ur hourly pay, the ei cheque collectors, or the boomers with amazing pensions from better times. in my opinion, the country has 5 years to do a full 180 or we are moving to south america... i dont have any real hope this will happen. Good luck.
Canada is the only developed country that does not have any anti trust laws. It's not the carbon tax that is making every thing so expensive. We are making plans to leave. Will the last one out please turn off the lights?
i am an israeli who lives in canda, i had no idea that israel was 2nd in the world for cheapest phone bills, i was shocked to find out the pricing on phone bills here, in israel for about 5 dollars a month i get unlimited roaming, calls and mssging, and speeds of 4G and 5G almost 1000Mbps included, over here im getting through Virgin - 30Gb for 34 dollars a month, with LTE most of the time and speeds of 250Mbps... disgusting
This didn't start with the LIberal government and probably won't end with a Conservative government. Although he avoided mentioning it, the problems happened throughout both Conservative and Liberal governments in the past. The point is accurate - we need more competition but I doubt any government is going to do anything to help this along.
But this conservative party is the reform party built by Preston Manning and Steven Harper. They beat the Mulroney conservatives. GsT dude.
when you consider that the monopolies are large donators to both the conservative and liberal parties its hard to believe this video is anything but a grift, pollieves campaign manager is a lobbyist for loblaws so you can expect the conservatives to do nothing about their grip on the market,
I was questioning that myself. I was thinking this had to be going on even before the current Liberals.
@@botks894 because it is a big club coming from a few universities taught by the same people all leading to baron and lordship titles and the house of lords. The richest family n Canada is the baron Thomson of fleet. As in Thomson Reuters. Viking air. Etc etc. Railroads, energy companies, everything.
@@botks894 Yes and for a further example look at Doug and his relationship with Loblaws who have been allowed through their ownership of Shoppers to be paid to administer vaccines, advice from pharmacists etc also during lockdowns small retailers closed but Walmart open etc.
It should be illegal for companies to have subsidary companies under different brand names. That would make the monopolies visually obvious to everyone, so everyone can see the scale of the problem.
Thank You for talking about these things. My Grandfather was kind of an idiot. He got involved in building the Insurance Restoration industry monopoly here in Winnipeg. I found myself working for his betrayers years later. Our family had fallen apart. I went to talk to my grandmother about what happened. It was a joke. I knew our attachment, I knew we'd have nothing to do with what I was seeing. Monopolies have degraded our national productivity, promoted mediocrity and ruined our pool of leadership as they all mostly come from pools of people who live in a false reality created by their place among, pretty simply put, groups of racketeering fascists who haven't had to participate in society in any manner aside from leeching lowlives since the 80's. Canadians are fools. PCs made this problem. Meet them and their children on a personal level and You'll know where the issues come from.
Oh, it would do a lot more than that. Corporate tax rates are quite steep on profits; not sure about all the other provinces but in BC Corp tax rate is a 2 tier rate. First step is ~10% on profit (from memory) right around 400k. This is about 10 years ago; the numbers are probably a little different now. But tier 2 tax rate on profit above the tier 1 level are around 35%.
So if the owner Corp has to declare profit all in one corporation, it jacks up the tax rate by quite a bit. Which is why I believe lots of companies do it that way; that and it limits liabilities as well. A subsidiary can be sued into bankruptcy without bankrupting the holding company.
The government is on bed with monopolize system
I've often wondered what would happen if companies were forced to include the parent corporation in brand names "Fido by Rogers", "Quaker by Pepsi", etc. I don't think it would need to extend to product names assuming the brand name is prominently displayed in ads and on packaging. Would forcing that be a subtle enough middle ground to force awareness to consumers?
@@joshhsoj1902 maybe - but it would also end lots of weird tax loopholes and whatnot. Like if Doritos loses money one year, I'm sure they do all sorts of tax offsets, even though its parent corp is essentially one large food company that made billions, so it should all be taxed as profitable. It's not actually a "different company", so to speak.
Good video with one glaring omission: not one word about the competition-killing Canada Dairy Commission. To protect a minuscule number of pampered farmers through tariffs and quotas, the rest of the population pays egregiously high prices for dairy products. As long as the Conservatives shy away from this issue, their call for more competition smacks of hypocrisy.
Totally agree with you. Get rid of the diary commission.
I'm with you, but I wonder if the dairy challenge is too daunting ? Bernier might still have a seat in parliament if he hadn't picked that fight. IDK maybe taking on big dairy is a higher level boss, have to practice on the lower bosses first?
I call them the Dairy Cartel. I’ve been voting PPC for the last two elections and will continue to do so. Will Canadians wake up?
@@truthteller6743 important issue, but not the most important issue.
Bernier lost to the dairy cartel…
This guy is hilarious if he thinks Conservatives will bring in competition. Harper did everything he could to protect the telecom oligopolies during his tenure and let those companies fire thousands of Canadians so they could hire overseas.
Canada's federal government needs to force these monopolies to divest. But no government, Liberal/NDP or PC, will do that. It will piss off the richest people in the country.
Unfortunately, they are bought by them. Maybe if we all protest that'll help..
NDP would.
the issue is that they don't invest because they do not have competition forcing them to do so. which is lowering productivity, wages, gdp per capita.
@@nathanlevesque7812 Jag wouldn't. NDP maybe. Jag... naw. i dont see it. i want him to be a real leader.. but its just not there. he fails to hold Trudeau accountable. he fails to push any meaning full legislation. and dont tell me the dental and disability bills are a win.. they are absolutely anything but.
eat the rich!
Totally agree with you. Canada needs more competition.
You won't hear ONE WORD from PP about the monopoly problem in Canada. He doesn't want to piss off his donors.
Then we are fucked, time to move to the US.
@@TLiu-1bI don't think they're much better
@@thefabulouskitten7204 They are conclusively far better in terms of income and taxes.
PP said in a Jordan Peterson podcast that he wanted to help new startups and he voted against the RBC merger behind the scenes so he does want change it seems
@@HaltedSpark may change once in office and gets lobbied constantly by big corps
I completely agree with much of this - but in what alternate history has the conservative govt ever prioritized the little guy over monopolies?? Hell, they CREATED most of them (selling off Air Canada and Petro Canada, for example).
Why would the federal government do anything about it when they’re getting most of the revenues from those exact same monopolies. When an election comes around campaign contributions come from the least competitive companies saying let’s keep it this way because I’m giving you shit load of money.
Every Canadian needs to hear this video, it needs to go viral.
One flaw with your argument - the provincial Crown corporations like SaskTel allow for some of the most competitive prices within Canada for telecommunications. In fact, the big 3 then undercut the prices in Saskatchewan knowing they can make up the “loss” in the rest of the country.
Government intervention in the economy is not inherently bad or anti-capitalist if it’s used as a tool to wedge open oligopolies and prioritize service over profits as part of creating a competitive market.
You yourself admit it only works for 1 region by stealing funds from the rest. This isnt an actual national solution
Phone bills are cheap as can be now. 4 years ago I was $200 a month now I’m $45.
Dude, our cell phone rates are the highest in the free world...
@@ZapperJohn not any more. Every month I get a call offering lower plans. Last month was 100 gigs unlimited for $35 a month.
@@Trythis837 March, 1, 2024, Bloomberg headline..."Average Canadian pays 61 times more for mobile data than people in Italy: study ." Maybe you should only be paying $0.57 per month instead of $35 ...lol
As a new arrival to Canada, having worked in tech here for a few years now it’s shocking to see the effects of this. There is a nation wide culture of lack of innovation in the c-suite of large companies. Conservative decision making at every corner and every decision made to appease share holders at all costs.
I really liked the monopoly game analogy, the economy does feel like we are living the game.
They print unbacked currency out of thin air and then make you pay taxes 🤔 A system created by the greatest slave masters in the business, Gold is money, everything else is credit - JP Morgan 😉
It’s literally a representation of how Capitalism works and why the game was created in the first place lol. Monopolies gradually take over the market as competition plays out. Eventually big players keep out small players and everyone is paying rent to monopolists just to survive and are lucky if they are allowed to reproduce. That’s why we have immigrants, so Capitalists don’t even have to remunerate you enough to have families.
this is what it is!!
The game was actually designed to show perils of capitalism. Ironically, it became one of the best-selling board games of all time and greatly profited from the capitalistic system.
Someone is going to throw it off the table next
Regardless of which party you support this is a message everyone can get behind
Not to mention monopolies in minerals, lime stone and cement. Cement is too heavy to import from elsewhere, and Canadian concrete prices have increased 55% from 2020 to 2023, far outstripping CPI as well home price increases. Shortfalls in cement supply is hampering residential construction
Basically: The Canadian Government is so scared of foreign competition (specially american competition) that they end up protecting their own national monopolies.
Monopolies are not antithetical to capitalism. They are result of unregulated capitalism. In its "natural" state, capitalism will result in monopolies, they are not a product of having lost capitalism.
Even if one is a fan and proponent of capitalism, claiming that its shortcomings are not "real capitalism" and only acknowledging the positives of the capitalistic system is disingenious.
@@BlairGordon-g8c Most monopolies not just now but in history were not the product of government regulation but market forces. It is pretty hard to compete with a railroad company that not only already owns billions in tracks and carts, but also has the capital to undercut a new competitor that needs to actually make a profit in the short to medium term.
A large behemoth of a business has many advantages over new competitors and without anti-trust laws, they could easily strangle any upcoming competition. Not to mention cartels that also are the product of a capitalistic framwork without any government intervention.
I'm not saying that there can't be any government caused monopoly, but the idea that monopoly and capitalism are not "naturally" occuring together but only after government intervention is not just wrong, but quite literally disproven by history. As seen by the gilded age in the US.
@@BlairGordon-g8ceveryone knows the classic socialist rallying call. "Socialism is when the government does stuff. The more stuff the government does, the more socialismer it is."
Just wait till this guy learns about how wartime capitalism lol
No sir, monopolies are the exact opposite of capitalism. Another word for capitalism is competition, which results from a free market. The moment you start regulating and subsidizing the market, you create monopolies. Did you not watch the video?
@@markhermiz7300 Capitalism is not comptetition, capitalism is the private ownership of the means of production, which are in turn put to use to accumulate more capital. Or in other words: A (or multiple) private person(s) own(s) companies and machines which are operated to generate a profit which in turn is used to invest into more companies and machines.
If this produces a market in which multiple competitors try to undercut each other in prices and overperform each other in quality, thats capitalism. If this produces a market in which one of the companies has a position that allows them to either work uncontested (for example the cost to entry is too high, like in Telecommunication or Railroads) or them having an advantage so great that nobody can compete (like a big store pricing out smaller ones, like standard oil did) thats capitalism too.
I'm not saying that you should like or dislike capitalism, but just picking out the situations in which you like it (many competitors, an open playing field, a free market) and ignoring it whenever you don't (the accumulation of more and more companies in fewer hands, monopolistic behaviour) is nothing short of economic fiction.
Capitalism is not defined as eternal competition. Competitions often have winners and in past and present, those winner will use their power to stay winners. Anti-Trust laws have literally been introduced to combat this fact of capitalism.
You should read "Liberal Fascism" (2004), which is a strong summary of how monopolies aren't natural to a capitalist society, except for a very short time.
Thanks for this. Big reason for affordability issues in Canada. Our gas prices went up 30 cents a litre in 2 weeks. Carbon tax? Nope. Greedy oil companies.Seriously doubt PP will fix this. He has been representing the interests of these companies his whole career. If he has a plan to fix it, I would love to hear it. What you just described at the end of the video will not do it. You think a startup company can compete with any of these behemoths? They will just buy them out or price them out. It's been happening for decades and nothing was done. You need to break up these companies.
Yup, no mention of breaking up and devesting these monopolistic companies. Cut the red tape? You mean cut costs for companies who already dominate the market?
They all need to be turned into worker owned cooperatives
This has been ongoing through all governments for generations. I doubt it will be stopped until the wheel breaks entirely
In the US it was supercharged under Reagan
Williams avoids the most obvious solution, break up these monopolies and have strong anti monopoly laws eg. Regulation. Lots of hot air
Yep - I was with him until he pretty much pinned this on the current government. It was harper that approved the Chinese Communist Party taking over Nexen.
Both Liberals and Conservatives are to blame.
Regulation is exactly what caused this problem. More laws and regulations create barriers preventing small businesses from entering the market
@@nam3go3sh3r3 This is short-sighted take. Regulation also includes anti-trust laws which solve problems. Not all regulation is bad. The right kind of regulation can be good
@@nam3go3sh3r3 lack of regulations and laws and enforcement allow for the concentration of industry. Small businesses don’t stand a chance
Excellent Video. Well done.
That was well put together and presented. We need to get this out to all Canadians. Make Canada Free.
I agree that this is a big problem, but I don't see the Conservatives fixing it. In fact, everything I see shows me that the Conservatives only line the pockets of their wealthy friends. Look no further than Ford and his developer buddies. Sadly, monopolies and oligopolies are the Canadian way for all political parties.
Just the part about the crown corporation. I actually think they were mostly dismantle because bigger wanted to get into the market. Most crown corporations still in operation have a positive impact. Regarding one like lcbo, SAQ, SQDC, it’s a political choice to deliver the service through a public entities, and the current state of the market a voluntary state. So I do not consider them a problem.
What a great documentary. Many thanks from Québec.
Fine video; good balance of being able to kind of get the general surface situation while missing the cause of it entirely. Good balance of lies of omission, misrepresentation, and self-promotion.
This video is successful at what it aims to do: get more people who know little to support you. This video is unsuccessful at explaining the situation, the cause, the international context, the national context, and proposing actual solutions.
What you got right.
1) Canada has oligopolies.
2) Canadians have higher prices for things like phone services.
3) Monopolies and oligopolies buy up competition and innovate less.
4) The federal government has done little to prevent monopolies.
5) Monopolies don't happen by accident -- see: accumulation of wealth, centralization of capital, tendency to monopolies by the Bad Beard Guy. You can disagree with his conclusions but it's ok to read his analysis.
6) The government made monopolies worse by overregulation. (without giving compensatory aid to developing competitors.)
7) Monopolies raise prices and can get away with it because consumers have no alternative to go to.
8) Monopolies/oligopolies hurt everyone except shareholders.
9) Adam Smith didn't like monopolies. (He also didn't like landlords -- check that out! (: ~~~)
10) The cost of monopolies are worse than what Smith imagined (see Bad Beard Guy)
11) More companies are exiting markets and this reduces productivity (see "falling rate of profit" from Bad Beard Guy)
12) Every Canadian should be concerned about the concentration of economic and political power in the hands of few.
13) The answer is more competition
14) We need new policies
15) We have to help create more competitors.
16) It is the government's role to ensure that the market is free from predatory practices from the market leaders.
17) The monopoly problem is threatening Canada (and many other countries, may I add)
Here's some glaring issues with either your ability to write or your ability to tell the truth in an open way.
1) "You can't get more Canadian than beer." What the fuck? Weird nationalism flex that's not even accurate.
2) It's called capitalism, not free-marketism. Capitalism is the rule of capital. Capital is money whose purpose is to make more money.
3) "It's not even a capitalist economy anymore" See point 2. Really. iT's cRoNy cApiTaLiSm lol. Capitalism is characterized by the private ownership of factories and businesses, (founder ownership, shareholders, board members).
4) Canada was NOT the first to pass antitrust legislation; Iowa did it before in 1888. Called "An Act for the Punishment of Pools, Trusts, and Conspiracies." I will not claim that this was the first, I just state that your statement is counterfactual.
5) There hasn't been 8 years of a Liberal-NDP government. The NDP formed coalition in 2022. In 2015 it was a Liberal majority. Conflation or outright lie, still unsavory.
6) Conservatives HAVE NOT been consistent in opposing monopolies.
7) The NDP opposed the RBC-HSBC acquisition. (source: www.ndp.ca/news/merger-will-mean-more-profits-huge-banks-less-options-canadians)
8) The NDP opposed the Rogers-Shaw acquisition. (source: www.ndp.ca/stop-the-merger?source=20220216_WEB_GEN_1_AYN_NDPWS_NDP_EN_ALL)
The ideological brainblocks that cause for poor analysis points:
1) So, after government deregulated monopolies... that didn't solve it? But... less regulation means more freedom? Wait -- please review accumulation of wealth, centralization of capital, tendency to monopolies by the Bad guy with the Beard.
2) You mention the monopoly boardgame, but didn't bother mentioning why it was invented: to expose and criticize how capitalism works. It was originally called "The landlord's game"
3) I don't know about you, but I've never negotiated a price at a store in Canada. Maybe a market, but not a store. The fact that works do not set the prices and owners do not work at these stores mean that prices cannot be negotiated.
4) RE: "The Amazing Disappearance of the Canadian Public Company" - a 2016 article ... Who was in government between 2006 and 2015? I'll remind you... it was the Conservatives under Harper.
5) The Number of Publicly traded companies did drop from 2007 to 2016.... how has it been doing since 2016? Higher than it was in 2007? I'd probably leave out the whole point if the truth is opposite your argument. (Source: www.theglobaleconomy.com/Canada/Listed_companies/ )
6) Regulations don't exist (solely) to restrict competition, but also to set guidelines and standards to the products and services provided; without people needing to die in order to cause social media campaigns. A single consumer does not have the power to impose standards on producers or service providers, and they could only know that quality is not met after already suffering from it. Regulations are necessary, and even still they are not enforced enough. In addition to regulations, there should be counterbalance for emerging competitors to help them comply with existing regulation to be effective at actually competing with existing enterprises.
Nitpicks, but to be honest a little concerning/revealing in that you either are lazy with your research or willing to lie or mislead on these details.
1) The average founded year is not 1914, I did the math from the Forbes 2023 list and it's 1926.
2) The first recorded use of "oligarch" is 1895 - not the 1930's
3) Why did you talk about the Raubritter (medieval German robber barons) and not the industrialists like Andrew Carnegie, JP Morgan, Cornelius Vanderbilt, Jay Gould, Rockefeller, and the people we usually refer to when we use this word?
4) "The Amazing Disappearance of the Canadian Public Company" by Financial Post says the number is 16.7%, not 13%. Also it's from 2016... Who was in government between 2006 and 2015? I'll remind you... it was the Conservatives under Harper. (repeated because it's kinda a big deal that you're omitting this detail)
This isn't an exhaustive list, it's literally me going through this once. I'm not a politician so I'm not too familiar with the specific bills that you alluded to but didn't name, so I cannot confirm that. In fact, there's a lot of claims you made without a source, so I would have a lot of difficulty verifying a lot of what you said. Also, you were vague in a lot of stuff, and I'd rather debunk what you said clearly rather than put time into interpreting you and then debunking that and having you equivocate ala Jordan Peterson style.
Also, the Dairy Lobby that pays A LOT to the Conservative Party.
Finally, the conservative party is not the solution. As I stated here, the problems you pointed out from 2007-2016 was under Harper. So, lol.
Anyways, nobody's gonna read this, but know that I know that you're a liar and a worm. (:
@BecauseCanada: I read it, and agree but unlikely I'll be able to post this comment. My own comment was shadow-banned, but it could be because of AdBlockPlus...
Had me at "by the bad guy with the Beard" roflmao that's perfect.
Well done! Spread the facts! No talk about devesting these monopolies and breaking them up. That would piss off huge conservative donors like Loblaws.
Same problem exists here in New Zealand. This is a global issue where govts have sold out their people and are working hand in hand with large corps. To a certain extent we did it to ourselves, we took the convenience and the low prices these companies offered in exchange for our freedom. If people are awake enough now, they should be doing everything in their power to support local business and their community.
While the Liberals have been awful with consolidating companies, I doubt the Conservatives would do much better. Since it is the party of big business.
Me noticing he didn't mention actually breaking up any of the monopolies... Hmmm... Me thinks maybe daddy Loblaws sends a fair bit of money their way to keep the status quo.
... and aren't you an MP who was elected to fix that?
What specifically would you have him do that he hasn't done? It's important to have an idea what we're expecting them to do, that way we know when their hands are tied vs when they're being complacent
People like you are able to talk but don't understand, he's attempted to addresses these monopolies with bills he's sponsored. But you need more than just one MP to allow these bills to pass, you need majority yes from the house of commons
@@Unpopular_0pinion Specifically? Introduce a private members bill to break up the monopolies he claims to despise. Successful or not, I would vote for a candidate with the cajones to do this.
@@devinmcmanus thanks for the genuine answer.
@devinmcmanus do you have any ideas as to how to break up monopolies? Just curious. I had an idea for a "Corporate Facts" label to be on every product/advertisement sold that shows all of the companies that any given product is owned by to help educate consumers. It wouldn't break up monopolies directly.. but it would help us, the market, ensure we're only supporting companies that we want to support. In areas like banks and cell providers, though, something really does need to be done to breathe competition into the market.
This is incredibly well done. It’s not rage bait. It’s not just a bunch of blaming. It’s a great video and the CPC should promote the hell out of it.
Very insightful hope Trudeau is listening
conservatives wont fix anything, they're all working for the same corporations interests, dont fool yourself
Very well done video!!! I’ve done podcasts talking about this exact issue with professionals in the financial sector who said exactly that! “How do we create better pricing in Canada? Through more competition!!” It’s a very great point to highlight and an issue that has to begin to be solved!! Canadians deserve a free market fulled by capitalist growth encouraging better services with more competitive pricing 🇨🇦
This is Adam Smith and Noam Chomsky 101
The inequality in Canada has been created over 150 years partly by a monarchy and by the policies of 3 major Canadia political parties. By lessening the control of the monarchy we now have a government that answers to absolutely no one. To consider Canada as any sort of democracy is a fantasy that even European leaders have denounced.
Canada is massive and in abundance, and yet Canadians have suffered exploitation and inequality. When my parents arrived after the war they could not believe how destitute Canada and Canadians were, especially leaving europe, which was still mostly in shambles from the war.
Of course, Canada is designed to be exploited as are the people that live and come to Canada.
The new capital gains tax and anything else the government can come up with will further erode what is left of the middle class and with certainly aggressively go after the upper middle class.
Since the 70s there has been an vicious power attack by elites to reduce the wealth and power of Canadians and our neighbors to the south. Each decade, taking more away from the people, and demanding longer hours worked and more production. If that wast enough industry was moved out of north America overseas to cheaper labor markets. Now corporations want to shift what jobs are left to a flexible workforce, further destabilizing peoples lives. Then you have have world migration of cultures that class some legal immigration some illegal but certainally all an unnecessary excess exploitation of the limited social resources that are left.
The science now clearly shows people are now living shorter lives, more and more people are living in poverty, hunger has risen, homelessness has risen, medical disease has risen and education is unaffordable. Everything is pointing to a complete and total collapse of society in Canada, USA and many other democracies. Even the nuclear doomsday clock is at 9 seconds before midnight.
"9 seconds before midnight"
Does this not shock anyone?
There is only hopelessness now for people.
Power corrupts, and absolute power corrupts absolutely
God save us all
The privatization movement was a mistake, some things are natural monopolies (look it up) and when they were privatized it just took it out of the hands of the government and put it into the hands of their cronies. We do need more competition (where it's called for) and could actually use more government investment into privatizing (ontop of some of the suggestions here regarding stopping mergers and doing some break-ups). We should look into how the Japanese broke up the Zaibatsu after WWII. Their government would invest in two competing companies to forge a new industry, and it worked very well. So no more government investment in single companies, instead invest in two to force some competition
In the hands of a democratic government, a monopoly has a chance of not being evil. Like how health care is less expensive in any place that doesn’t abuse its citizens as the US health insurance corporations do.
the background music is as dramatic as the state of the Canadian economy. good job.
I actually have no problem with Crown Corporations because legally they would belong to all Canadians.
Ironically when Ralph Nader deregulated airlines in America, a bunch of them merged. I find privatization doesn't solve monopoly problems. My solution is better opportunity for startups.
(Edit: was halfway through the clip when I commented. I spoke too soon).
I'm a young guy in my late 20s dreaming of owning and operating my own business one day but the amount of red tape to get through for a start up discourages me. Not to mention the lack of investment from any government for entrepreneurs is another barrier to entry. I love this country and want to stay and build it but the current situation of the nation makes it difficult to stay. Hope this changes soon.
I’m 37 and I’ve voted liberal my entire life. No more, this video spoke directly to me, and I shared this and discussed with all my close friends.
Im a product manager in the highest tax bracket - moving forward I want those taxes to go to you and the conservators (minus sleazy Doug Ford).
Conservatives advocating for more government control of markets. What a time to be alive!!!
Oh, so what's your suggestion then? Just allow these monopolies continue?
@@john.10347 lol no I agree with the position. But conservatives are usually pushing for less government involvement and control in markets
How does not allowing monopolies and oligopolies to form through amendments to the Competition act mean more government control?
watch again and pay attention
that's (stutters) r-r-re-regulation (vomits) 🤣
Sorry, this is stupid. Australia's cell phone market is a duopoly.. they also have low prices due to allowing MVNOs to operate.
Yes Canada has 6 big banks, yet in some markets, its VanCity or CaisseDesjardin that dominates in certain markets. If pricing in banking is not competititive enough, then how come some of these banks also can compete in the US market. We don't see our cell phone companies doing that
Then you have utilities.. there are local monopolities for delivery of electricity, water and natural gas.. and what happens when they want to raise rates to fund some infrastructure change? They have to go through a govt regulator to get it approved.
So lets get back to the main problem - productivity - specifically how much $$ these oligopolies invest per employee in software, IP etc.
There is a simply fix, better than waiting for some global corporation to come in and siphon profits from here elsewhere:
Govt regulators doing their job!!
It's what, almost a decade since the idea of opening the cellphone market to mobile virtual network operators was floated.
When will CRTC allow it?
Then there is the code of conduct for the big grocery chains, so they are not nickel and diming their supply chains.
Why is that stalled before parliament?
Fact is that everywhere else, it is not competition which tames monopolies - it govt regulators which tame monopolies.
In Canada, they sit there like it is their job to serve the monopolies
100%.
I'm glad I'm not the only one who missed the connection between deregulation increasing competition and therefore lowering prices.
@joshhsoj1902 true. but in markets which would yield a natural monopoly eg enbridge in southern ontario, ending regulation would only lead to more profit taking. Only regulators can force eg Roger's bell & telus to share infrastructure with competitors, so that mobile virtual network operators can move in and offer way better cell phone rates. This is the balance a Poilievre govt wiĺ have to get right in order to fix Canada (assuming the liberals don't cheat again like the last 2 elections)
Preventing monopolies also does more than just raising taxes for the rich. Any increase in tax for business just goes into the cost to buy at the store for the end consumer. And if you think you can come up with a way to still stick it to these companies they will just leave and them leaving doesn't magically make it so someone smaller can take their place. Depending on the company it could just end up making the monopoly situation worse by one company leaving from a market that has an equally large company remaining.
Government regulation causes monopolies and oligopolies by increasing barriers to entry into a market. Please take an economics course.
They are also destroying small business. Regulation and taxing them out of business
The big mystery is how much power does the prime minister have. Nobody seems to know.
It's the conservative government that cuts all new business benefits, grants and incentives. The only way to create new businesses is for the government to create incentives and protects for new businesses.
The thing is new companies get more taxed by government. Less likely to get loans from these banks. It gets difficult for them to find skilled workers as they're moving out of country
More people need to see this, great video 👍 Why do we pay millions for pension staff when they haven’t even kept up with the gains in Gold for the past 40 years, what are we paying for?
There’s a reason I love and live by my local co-op. Open, nothing to hide.
Local. Transparent.
Thanks for the realtors for the inflation they created by pure profiting. Jail for scammers
Well done. TY.
Canadians need to start paying attention to the state of our own country.
So much truth has been spoken in this one. Bravo.
I don't think most of the people in this country either understand or care about this topic. Try to strike a simple conversation about it and see how quickly people start picking up on other places and see how misinformed/under informed people are.
Save 🇨🇦 Canada from Liberals and NDP. Save your future.
Leave the CBC alone. I am a proud Canadian and supporter of the CBC.
The banks especially are laser focused on protecting their investment, namely residential markets. They will move the universe before letting the real estate market in Canada correct itself, much like the way the US feds prop up the stock market. ACTUAL housing prices (not value) is about 80% less than what we are seeing, right across the country, no matter the type of real estate. We see the same thing with food and fuel. These three (food, fuel and housing) make up the basics of human needs. It is no accident that the feds are also involved on driving these costs, as they are the only true means of controlling the populace.
One of the big issues is that we've made it impossible for companies to stay independent. If an owner wants to quit and divest, often the only way to do so is to sell to a large corporation.
We need to start heavily enforcing antitrust laws, and break up more of these companies.
And no, the Crown corps aren't the problem, they just have to be used correctly. The railroad monopolies can't be broken up because we can't infinitely build more railroads, the government needs to own the underlying infastructure for rail, telecom, and power to name a few. (telco infra should probably be municipal for example)
If the government owns the infastructure like it does roads, anyone can operate on them, anyone can use them and develop products dependent on them.
ISPs for example aren't monopolies because they're over regulated. In areas around the internet exchanges there's plenty of competition. It just costs million, maybe billions, to build enough fiber cables or cell towers to actually run a business, and that can't be be fixed with "less regulation", it has to be fixed by making the existing lines and towers open to anyone.
NOT 1 WORD THAT FORCED MIGRATION ( NOT TO ISREAL )
IS FORCED RENTS UP 30 %
How government should stop this from happening, if a business can benefit more from selling it to a bigger one than keeping running it by self. I feel this is just natural fact of capitalism itself, maybe not how the capitalism started, but almost 100% how the capitalism will end, just a matter of time. I don't think other major G7 countries on a better track.
If you read the book, "The Wealth of Nation" and his other works Adam Smith, regarded as the father of capitalism, he recognizes the need of government regulation in the economy
I really like these TED Talk-like videos, but only the Conservatives seem to be doing them. Competing videos would be much better, and much more useful, than the usual election debate. More please! (and a rebuttal Libs/NDP?)
Excellent video and so informative. I don’t understand the corporate welfare.
Great channel. Subscribed. Please fix Canada ! SOON.
Cringe video. Get rid of the dramatic music and talk to someone who doesn’t speak in absolutes… otherwise this is just red meat propaganda for your base.
The only issue with this video is its a Conservative advert. not just a PSA. They had me in the first half. Pierre wont do anything this man says is required.
@@theshi3152 a PSA in part is generous. Anyone claiming to have so many answers of the universe is either being disingenuous or too stupid to know better.
@@btfrost im sorry you fail to understand. but nearly everything they talked about is perfectly accurate again the only probem here is its a conservative advert not the information within the video. for once im actually proud of a conservative not ALL of them are fucking insane. this guy knows what hes talking about.. the issue is hes on the wrong fucking team. Cons aren't here to help.
@@theshi3152 the information is likely perceived as accurate for people who want to believe there are simple answers to what ails us. Unfortunately the world is not simple.
@@btfrost i never said it wasn't these problems are complicated problems. but simple solutions to complicated problems to exsit. the issue is monopolizatoin. end of discussion. there is no complexity here beyond this fact. Canada is 5 companies in a trench coat.. competition is how capitalism does its thing.
Those big companies are supporting the government, so it's not in the government's favor to prevent the monopoly
I was a solid NDP voter when I immigrated to Canada 6 years ago. Fast forward, I’m now solid Conservative!
I hope there is a blue wave which actually does good such as splitting the monopolies, boost infrastructure spending in a variety of energy sectors, and if needed reduce taxes and public services.
Future cabinet minister right here. Then maybe prime minister one day after Pierre
Very savvy & slick. I'm politically unaligned & think this was well made. Yet, unchecked greed & such is how this situation came to be. Humans, as a sentient species, needs to reign in it's greedy nature & grow up otherwise we are truely dead. If you believe in a min wage to 'survive' to service others better off than yourselves without capping the greed (max wage)... what can I say. When we ALL can afford to actually 'live' I will consider what politicians actually say. More likely, I'll believe it better or more when I see it in real time. A pre-maturely forced 'retired' & unemployed CAF Vet.
Im joining the CAF soon. Any advice for an aspiring infantryman from a vet? Boot camp scheduled for August
In NS all Canadian food. Potatoe, turnip, carrots and onions are being sold ROTTEN. So Canadian must east mexican food. Red peppers etc...NOT by choice but by force. Go buy a turnip cut it in half what do you see in the center - ROTT. Carrots LIMP, A bag of potatoes cut them all in half. Most you cannot serve to guests. Bag of onions cut in half. How many can you eat? Most restaurants have removed Potatoes from the menu. What happened to CHOPS? What happened to TOMAVO?
Yep. It becomes super obvious when you try to make a startup here. There is regulatory capture embedded deeply in almost every industry, that make the cost of entry unfeasible.
If things don't change and fast, it will take decades to bring Canada back to any level of what it was on the world stage and for the quality of life of most Canadians.
Many are leaving faster than ever, Canada's brain drain is unprecedented, and business leaders and innovators are leaving for better lands and regions.
Also, talking about the concentration of resources and monopoly, let's talk land! Did you know the governments in Canada hold about 90% of lands coast to coast to coast, not Canadians. In places like BC it's upwards of 95%! Yet people wonder why land and real estate is so high... look at the lands and who holds them! Time to bring home affordable lands for Canadians by allowing them to own them? Oh, and without property taxes for as long as you pay taxes on something, you will never own it. There is a better way. Let's get after this!
I want to discuss my own experiences and what I have witnessed. I have found that Canadians are a fan of Walmart and Costco because they have good enough quality products and cheaper prices. This is why I see extreme crowding in the stores as well as lineups that don't seem to have an end. Meanwhile, I go to those same stores in the US and they are deserted compared to that. That's because they have more choices. I find myself shopping most at Walmart and Amazon because of affordable prices and convenient services. This hurts small businesses but I think a lot of them deserve it. I say this because I have experienced rude services and witnessing 2 times the prices of Amazon. So why subject myself to degrading treatment and pay more? I'm always satisfied when those businesses close permanently but it's also sad that Canadians are only improving American economy
BITCOIN OR GO DOWN WITH THE SHIP, BE YOUR OWN BANK, GIVE POWER BACK TO THE PEOPLE,
Good presentation. Thanks
It's the conservative government that cuts all new business benefits, grants and incentives. The only way to create new businesses is for the government to create incentives and protects for new businesses.
This is why I say voting in Pierre is not gonna do anything. It doesn't matter who we vote in. Because the biggest contributors to their campaigns are these monopolieso. They're not gonna do anything about it, no matter who we vote for. That's just the truth.It doesn't matter who you like things aren't gonna get better.That's that's why i'm planning on leaving the second I can
Wait so we privatized all our public corporations in the 80s, and then just after that everything got way worse? Gosh golly gee I wonder if those two events are related somehow 🤔
Hmm maybe yk socialism isnt so bad
I agree with you about the corporate monopolies and oligarchs, but the private equity firms own the political parties and PP won't break up the monopolies, his campaign advisor is a lobbyist for one of the grocery monopolies. Harpo never broke up monopolies so why would PP?? he won't.
damn I didn't realize you were an MP until the end. Love that you're able to get your message across without paying for ads just because the message is that important
It's the conservative government that cuts all new business benefits, grants and incentives. The only way to create new businesses is for the government to create incentives and protects for new businesses.
Some good news shared last week: A dozen of foreign retailers may come to Canada through current Industry Minister support.
HBTC is Canada.
The queen adopted their charter.
So who is going to fix this problem in Canada??? I put my money on no one 😢
This was great right up until they started saying conservative is the answer. Trudeau made be horrible, but does anyone remember Harper? Conservatives CONSISTENTLY slash services and pocket it. The make “Independent” businesses that are all linked to either companies they privately own or have ties and relations with. The answer is not to vote conservative, in fact, like always, the answer isn’t even in the hands of the people. We have been muscled out of the economy completely just like we did back in the day of the hudsonbay company, and the answer is the same as it was back then. We got here because of government corruption, and now it’s up to the government to fix it by dissolving this mess they made and letting us back into being able to control the government and economy.
Is your party willing to break up some of these monopolies and large companies?
of course f-ing not LOL they get huge donations from these companies.
Agree with all of it, but there is one point that keeps bringing back these monopolies: density. The government trades off development in areas of Canada that are hard to develop with giving protections to back the investment. At least this was the original driver. For instance, Bell, a company I loath, puts telecom lines into places that would not otherwise have it. Rural density is a challenge in a country that is so spread out. Modern technology has improved this situation, so maybe it's time to finally get serious about anti-monopoly laws.
PS: it was HBC that gave territories to get people to take the risk of harvesting the resources, knowing that their investment in doing so would not be highjacked by those hearing of the riches they found.
Big companies buy up high potential competitors, why wouldn't they do the same with politicians who advocate for policies that hurt their interest?
I just hope it's not too late...
this video can be really hit or miss. it feels like a rollercoaster.
at first im thinking, what a weird analogy, then he brings up milton freidman so i think, maybe hes gonna make a good point
then he talks about how the government needs to do something
then he talks about dergegulation
as an austrian, i can only hope the best for you Canadians.
Canada uses Newcomers to pay pensions of old Europeans through tax
We need to increase immigration targets if we want more competition. More people means more potential job creators and more workers to work said jobs. I don't care if we have to get to 2 million new residents a year. That is what it is going to take in order for Canada to become a competitive nation among the larger ones! Imagine what would could do as a nation if we had the same population size of the USA! Canada, over time will eventually get to 300 million people at some point in the future. There is no reason that we can't bring that future closer to the present.
Why hasn’t someone created a party in Canada that focuses on ending monopolies and the commodification food and housing?
That used to be the Conservative Party of Canada. Now that party only focuses on culture issues instead of real policy. Poillieve will not do anything about the economy because it's a boring topic to talk about. The voters get wilded up about fake policies like trans rights, cutting immigration etc etc.
I don't know about other industries but I know the core reason for airlines. If capitalism was truly allowed in Canada, a number of cities wouldn't have ANY airlines flying into them or prices average people couldn't afford. Our country, much like Australia is too thinly populated. Every Canadian government runs into the exact same problem. Encourage competition and towns and small cities lose core transportation, especially to the north. Air Canada is hamstrung by contracts to provide flights to unprofitable destinations.
I don't know if we could shift to government run passenger rail to these destinations? That's what many of them relied on before the advent of planes providing transportation.
Conservatives can pass bills whenever they want even as official opposition. So what legislation have y’all tabled?
You're ankle-biting. If they tabled more bills and got shot down by the coalition, you'd accuse them of grandstanding.
It's absolutely a capitalist economy, it's functioning as it should. To say otherwise is to ignore the natural tendencies of the capitalist system.
it's amazing how similar Australia is to Canada,monopolies everywhere here down under!
Hope this channel
Grows
Good luck getting more start ups & competition. The 2024 capital gains tax increase by the Liberals just threw cold water on that.
It can easily be solved by abolishing the payroll tax.
Opening up the borders to American/foreign companies would be disastrous for Canadian companies. Take Air Canada for example. Opening up to Emirates (an oil country subsidized luxury airline) would decimate Canadian airlines - only have to look at Australia and Qantas Airlines. The consumer would have more/cheaper options, yes, but the local GDP in terms of producing/jobs would be decimated. Catch-22 of sorts.
Ill say this:
Me and my future wife (23/20 years old) have completely checked out of the idea of building our family or buying a house in canada. full stop.
We see so many issues with the country and so few benefits that cant be found elsewhere. Even if benefits such as 'free' healthcare exist, medical insurance + tax is ALWAYS lower than my taxes here.
Many of my friends have expressed similar desires to leave - no one wants to dedicate their life to working a job where you never build towards any real legacy... everyone here is just a cog spinning to make someone else 100x ur hourly pay, the ei cheque collectors, or the boomers with amazing pensions from better times.
in my opinion, the country has 5 years to do a full 180 or we are moving to south america... i dont have any real hope this will happen. Good luck.
You sound like a lazy whiner
There needs to be more regulation and a break up of the monopolies. Surprise that a conservative of all people is talking about this
Canada is the only developed country that does not have any anti trust laws. It's not the carbon tax that is making every thing so expensive.
We are making plans to leave. Will the last one out please turn off the lights?
Incredible video both substance and viewing experience. Super insightful and cohesive content. Look forward to more such videos.
i am an israeli who lives in canda, i had no idea that israel was 2nd in the world for cheapest phone bills, i was shocked to find out the pricing on phone bills here, in israel for about 5 dollars a month i get unlimited roaming, calls and mssging, and speeds of 4G and 5G almost 1000Mbps included,
over here im getting through Virgin - 30Gb for 34 dollars a month, with LTE most of the time and speeds of 250Mbps... disgusting
Canada is 455 times larger than Israel. That has to be factored into the cost of providing coverage. BTW where is canda?
@@marvinhaagsma9177 yes, justify being ripped off. Also, don't be an asshole the guy clearly made a typo.
Steven Right quote.... Isnt it odd that only one company makes the game monopoly.
Things like cell & internet need to be turned into utilities & be POPULACE/government controlled/owned. Thats what used to make Canada good.