Eugene David ...The One-Minute Pundit |
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Saturday, August 27, 2005
Look who's demanding GOVERNMENT ACTION -- in ENGLAND:
The increasing dominance of Tesco in Britain needs to be probed by the government, Lee Scott, president and chief executive of Wal-Mart has declared. Figures published last week by TNS, the market-research company, showed that under Sir Terry Leahy Tesco’s share of the food market had increased to a record 30.5% over the past three months. In an interview with The Sunday Times, Scott, who owns Asda in Britain, said that it was time for the government to act. "As you get over 30% and higher I am sure there is a point where government is compelled to intervene, particularly in the UK, where you have the planning laws that make it difficult to compete," said Scott. "At some point the government has to look at it," he added. I thought you oligopolists -- er, RETAILERS stood for FREE ENTERPRISE, whatever that is.
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