Inflation Isn’t The Only Thing That’s Triggering Exploding Prices in Canada
In modern history rising prices of just about everything isn’t something that’s new. Every year prices of products and services rise gradually over the years due to inflation. However in recent years prices of just about everything have been exploding in Canada. Prices of groceries and services have been climbing so quickly that the average Canadian is struggling to afford the basic essentials. Politicians would have you believe that the out of control prices is due to the pandemic. But that’s not the only reason why prices are unaffordable in Canada. The lack of competitors in all major sectors of the economy is leaving Canadians few options allowing these oligopolies to raise prices at an unsustainable rate. In this video we cover why the lack of competition is creating a huge economic debacle in Canada
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00:00 Let’s start off with Canada’s depressing stats
01:02 Why food so expensive?
01:37 Why competition is needed for a reasonable prices
02:04 How the big three are scamming the average Canadian
02:45 The Great Canadian Food Pricing Scandal
03:24 Why are they allowed to be in business still? Like seriously?
03:47 Banks scamming citizens? Never heard that one before...
04:37 Phone companies overcharging Canadians too?
05:31 Introducing the 2 worst airlines in North America....
06:22 The rise of Canada’s oligopolies
07:00 The Great Depression
07:35 No competition becomes the new normal
08:09 The government actually did a good thing and helped the citizens. Too bad it failed...
09:35 Modern Canadians lack the ability to compete because they have no experience competing
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