How Corporate Consolidation is Ruining Everything: Discussion with Denise Hearn and Vass Bednar

Many of Canada’s problems can be traced back to its tolerance of corporate consolidation, leading to higher prices and lower wages, say Denise Hearn and Vass Bednar, co-authors of the book “The Big Fix: How Companies Capture Markets and Harm Canadians”.The authors join economist Mike Moffatt and journalist Cara Stern to discuss the implications of corporate consolidation in Canada, exploring how it creates an illusion of competition, affects consumer prices, and contributes to wage stagnation. They delve into the role of monopolies and monopsonies, the financialization of companies, and the challenges of market access for new businesses. The discussion also highlights potential policy solutions to enhance competition and the importance of consumer awareness in navigating these complex issues.Links: Buy “The Big Fix” bookPrivate Equity Is Gutting America — and Getting Away With ItHow Private Funds Could Hurt Americans Under TrumpHosted by Mike Moffatt & Cara Stern & Sabrina MaddeauxProduced by Meredith MartinFunded by the Neptis Foundation https://neptis.org/