Opinion
Where your spend at Coles and Woolworths is really going
Supermarkets are not profit gouging: less than $3 of every $100 spent goes to profits. Look at the market power of brewers and big tech instead.
John KehoeEconomics editorIf there was a business sector that people wanted to make legitimate complaints about for so-called “price gouging”, supermarkets would not be high on the priority list based on any rational analysis.
Other oligopolies reaping huge profits, such as beer brewers and digital platforms, warrant far more scrutiny than the huge amount of political, regulatory and company resources being directed to supermarket competition.
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