competitive markets

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If politicians called the shots in business we’d probably all starve

When the government creates artificial scarcity, food prices increase.

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Normally at this is the time of year many BC families would be counting down the days until school resumed. But this year is different, with the ongoing BC teachers’ union labour dispute casting a pall of uncertainty over the start of the school year. It’s a classic example of the negative effects of a monopoly, and as is often the case with monopolies, ordinary families are the ones most affected.