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Saturday, May 3, 2008

A Woolworths & Coles Dominated Market?

Recently the Federal Government announced that it was considering plans relaxing regulations in Australia to allow internation players enter the Australia supermarket market. Currently the market is dominated by two main players who im sure we all know are. Yes, Woolworths and Coles.

The monopolization of this market by these two players is being blamed for record high grocery prices. Quite frankly, I believe these companies are evil and only care about their shareholders and making a profit. But I guess most companies are like that? These two mega corporations are pushing small businesses out of the market therefore there is minimal competition so they can then rise their prices as much as they like. It's highway robbery.

But then, I think, does this country really want to be ruled by Walmart? An American mega corporation who is possibly even more evil than Woolworths and Coles. The newest player to hit the scene is the German company Aldi who seem to offer significantly cheaper and fresher products than both Woolworths and Coles. I would love to hear what you guys think about this? Do you think the Government should be easing regulations to allow bigger players into the Australian market? This would hopefully eventually provide more competition in this market, therefore hopefully resulting in cheaper products for the consumer.

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