Ding, dong the efficiencies defence is dead
Ding, dong the efficiencies defence is dead
Just like a quick-thinking Dorothy in The Wizard of Oz, a desperate Justin Trudeau threw cold water on the Competition Act’s controversial “efficiencies” defence last week in an attempt to help bring down the soaring cost of groceries. “I’m melting,” exclaimed a dissolving Section 96 as Munchkins ac...
Wow, that's great news. I hope we get an actual reprieve soon, but it seems the Competition Act was already weak to start with. At least in other places, they have a chance of trying to restore enforcement to match the spirit and letter of the law instead of allowing it to be corrupted, whereas here we still need to write actual consumer welfare into the law in the first place?
This kind of thing gives me hope. In Canada, we may have a lot of problems, but things do slowly get better when we decide to pay attention to the problem. I’m cautiously optimistic.
The Competition Bureau approved the Sun Media purchase in light of the Tervita ruling, as Postmedia had pointed to the efficiencies it expected to gain from layoffs
Unbelievable that this shit has been considered a legal trump card for the last 40+ years. We truly do live in a clown world.
Was this in question?
Cost is the measure of the inefficiencies realized while delivering a product or service. The more inefficient it is to deliver a product/service, the higher the cost. A perfectly efficient business is able to give away its products for free.
If costs are going up, you know that efficiencies are not being found.