Opinion
Supermarket pile-on is going to cause real harm
If the supermarkets are guilty, then throw the book at them. But it’s populist politics that is really at work here.
Graeme SamuelBusiness professor and former regulatorWho could be surprised? We have an election looming in the next nine months. We have sticky inflation and the resultant painful cost of living and interest rates. So someone needs to be blamed.
Supermarkets are the latest in the conga line of culprits blamed for the cost-of-living crisis. First, the Reserve Bank copped it briefly. Next in the blame game queue are the supermarkets – the duopoly of Coles and Woolworths – let’s not even acknowledge the presence of Aldi, Costco, IGA and other independents, and the ubiquitous Amazon.
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