Emeritus Prof Christopher May on Nostr: The Unite Union are doing some great work on un-masking the costs of #oligopoly in ...
The Unite Union are doing some great work on un-masking the costs of #oligopoly in the UK (which is the character of so many market sectors):
Their research notes that in countries with three rather than four major #telecoms & #mobilephone operators prices are around 20% higher!
Consolidation of markets (which the Competition & Markets Authority is meant to police) is a key element they argue to #greedflation in the UK!
Its not the whole story but its a big element!
https://www.theguardian.com/business/2023/jun/29/why-uk-must-stop-vodafone-three-merger-and-this-cycle-of-greedflation
Their research notes that in countries with three rather than four major #telecoms & #mobilephone operators prices are around 20% higher!
Consolidation of markets (which the Competition & Markets Authority is meant to police) is a key element they argue to #greedflation in the UK!
Its not the whole story but its a big element!
https://www.theguardian.com/business/2023/jun/29/why-uk-must-stop-vodafone-three-merger-and-this-cycle-of-greedflation