The Food Crisis

A solution to the problem of profiteering

The Commerce Commission has just released another hand wringing report that shows “no meaningful improvement in competition” with Grocery Commissioner, Pierre van Heerden, stating their Annual  Report paints a “concerning picture” of New Zealand’s $25 billion grocery sector – with increasing retail margins, continued high levels of profitability, and ongoing dominance of the industry by the major supermarkets (Foodstuffs North Island, Foodstuffs South Island, and Woolworths NZ).

Let’s be clear.

The Coalition government we elected last year believes the market knows best…and what the market knows best, is how to make a profit for their shareholders. .