Like the Florida governor, the Prime Minister is willing to create corporate scapegoats for political gain
What do Justin Trudeau and Ron DeSantis have in common? The two men’s ideologies could hardly be more different, but both have shown they’re willing to conjure up corporate scapegoats for populist crusades, and to wield the threat of punitive taxes for political advantage.
“It does not make sense that in a country like Canada our largest grocery chains should be making record profits while Canadians are struggling to put food on the table, and we’re seeing record usage of food banks,” Mr. Trudeau told reporters on Thursday. The notion that grocery chains and others are responsible for inflation – greedflation – is not founded in fact. One informed observer put it this way: “… rising global inflation was driven by supply-chain disruptions, strong consumption of goods, and rebounding global demand.” Those words are from Mr. Trudeau’s own Department of Finance, in the spring budget.
Now, it must be said, if grocery chains are engaging in anti-competitive practice, the Competition Bureau should expose and punish any offenders. Handily, the government is proposing to give the bureau new powers to compel companies to cooperate with market studies. That change and the scrapping of the outdated efficiencies defence for mergers are long overdue steps.
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