Competition is supposed to be capitalism’s self-correcting mechanism. Adam Smith’s “invisible hand” was meant to guide markets toward efficiency, innovation and lower prices. Companies compete, consumers benefit, and the economy hums along with ruthless but productive discipline.
That’s the theory.
But here in Aotearoa/ New Zealand, the invisible hand looks more like an invisible fist repeatedly punching the faces of would be competitors.
Keep reading with a 7-day free trial
Subscribe to Bryan Bruce Investigates to keep reading this post and get 7 days of free access to the full post archives.