Labor have begun their reform of the obscene Supermarket Duopoly…
Government helps supermarket shoppers get a fair deal – New Zealand Government
Honorable Dr. David Clark
Minister of Commerce and Consumer Affairs
Urgent budget night legislation to stop large supermarkets blocking rivals from accessing land for new stores was introduced today, said Minister for Trade and Consumer Affairs Dr David Clark.
The Grocery Sector Covenants Amendment Bill amends the Commerce Act 1986, prohibiting restrictive land covenants and exclusive lease covenants. It also renders existing commitments unenforceable.
“This is a major first step in delivering on our commitment to ensure New Zealanders get a fairer deal at checkout,” said David Clark.
“This legislation prevents supermarkets from engaging in the anti-competitive land wars we have seen, where they buy land or dictate the terms of leases to prevent their competitors from moving into the area.
“This practice leaves customers with no choice and only sees suburbs and malls with one option. An example of this is Ponsonby, in Auckland, which is only served by one provider.
“Limiting supermarket options for consumers severely limits their ability to shop for a better range of products and, of course, a better price.
“This legislation is a clear signal of the seriousness with which the government is taking this issue. We are addressing a root cause of the problem that prevents new competitors from entering the market on an equal footing.
“The Commerce Commission’s market investigation found that competition is not working well for consumers in its current state. In fact, he found that major food retailers were making excess profits of around $1 million a day. Something has to change.
“This is only the first part of the government’s response to the market survey of the retail grocery sector. I plan to publish information soon on further steps the government is taking to improve competition,” David Clark said.
… like everything with Labour, the first big shy baby step followed by a damn nothing.
The most egregious abuse of duopoly power was this anti-competitive land war they both waged to eradicate competition for pure monopoly rentals.
The cost of living crisis is affecting the very voters for whom work promised to be transformative.
The list of tax maniacs Jacinda descends into listing the tinkering around the edges that Labor has done that seems to believe that everyone in trouble is a certified tax accountant who does their taxes weekly is a farce.
The left has done everything for the material hardships of poverty, housing, inequality and climate change.
$27 a week for 13 weeks is not a fucking solution!
As I have repeatedly pointed out, while Labor saved us from Covid, they did not save us from the ruthlessness of the under-regulated free market.
I have argued time and time again that we will see double digit inflation this year and that asking the kiwis to endure more is not a political solution.
They have to hope that their base costs will go down.
They must believe that a new government-backed supermarket could do it.
Covid has taught us about food safety issues and a supermarket chain that incorporates cheaper food safety while supporting local sourcing is a necessity to fix a broken market!
The government should reach an agreement with Iwi to stock a new chain of government/Iwi supermarkets that promote local products at better prices for the consumer and
We need a kiwi subsidy on all local products to recognize that producers have already used water and created local greenhouse gases to create their product and therefore consumers have already paid a fair price to bring the product to their table.
We should first feed the 5 million here before boasting about feeding 40 million in the world!
People are going hungry even though New Zealand produces enough food to feed 40 million people – and that’s prompting the country to ‘feed the five million first’.
Poverty researcher Dr Rebekah Graham said while working on her thesis on food insecurity she interviewed a woman who walked for 90 minutes every day to get a free community meal.
A third state-owned supermarket chain would do more to provide a cheaper livelihood for all kiwis who have food security concerns. It would do more for welfare than any prime minister since Savage.
History calls for work. To date, you have had nothing to show beyond the responses to the crisis. We still have over 200,000 children in poverty, over 22,000 on emergency housing lists, growing inequality and a climate crisis with no real solutions.
A state-owned supermarket chain that would radically force competition on the basic cost of living for a vast swath of New Zealanders would be a worthy Labor legacy.
We need to be nicer to individuals and crueler to corporations.
People are hurting economically, is the left so devoid of ideas beyond the virtue signals of middle class identity politics that we have nothing to offer them?
As I’ve said time and time again, if you don’t want the poor to have their economic misery manipulated by the right, then do something about their economic misery!
Let’s be clear, the Ukrainian war on top of the mega drought will cause food prices to skyrocket by December.
The workforce needs more than $27 a week for 3 months if they want people to support them.
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