Hi Madamanswer,
As someone with an emotional attachment to socialist principles . forcing companies to invest for the common good doesn't cause me much angst.
However , I could only agree with that if , overall, that produces enough benefits to society to outweigh the inefficiencies that are inevitable with such interference. The facts and figures , as you supplied , suggest an efficient system . But heaven forbid that facts and figures interfere with the pap produced by the populists of the left and right.
As you point out , overseas companies are free to enter the market any time they like .
And as far as domestic competition is confirmed , I shudder to think what my local shops would be charging if they didn't have the big 2 and Aldi as competition.
The ''price gouging'' is a furphy , and obscures discussion of other anti-competitive behavior such as land banking and pressure on shopping centre owners. which could be much more logically controlled.
'cheers
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