Woolworths CEO Brad Banducci's heated interview on pricing practices (www.abc.net.au)

submitted 7 months ago by BalpeenHammer@lemmy.nz to c/newzealand@lemmy.nz

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[-] Marsupial@quokk.au 12 points 7 months ago

Now realise this happens in every industry across the country.

It’s great that we’re focusing on supermarkets, but we need to tackle the whole capitalist system itself if we want to fix the problem.

[-] BalpeenHammer@lemmy.nz 3 points 7 months ago

We are not going to abandon or even temper capitalism I am afraid. The fact is we are a tiny and relatively poor country at the edge of the world. We have to come face to face with that.

[-] steakmeout@lemmy.world 1 points 7 months ago

We’re not relatively poor. Where did you get that from?

https://www.dfat.gov.au/sites/default/files/australia-is-a-top-20-country-all-topics.pdf

[-] evanuggetpi@lemmy.nz 4 points 7 months ago

This is an NZ community

[-] Dave@lemmy.nz 2 points 7 months ago* (last edited 7 months ago)

I'd still argue we are only poor compared to other high-wealth nations. Our GDP at PPP per capita is roughly in line with Japan and not far behind the UK.

We do much better at GDP in USD but shit's expensive in NZ due to island tax and lack of competition hence my use of PPP.

[-] steakmeout@lemmy.world 0 points 7 months ago

The article published is about Woolworths pricing in Australia.

[-] evanuggetpi@lemmy.nz 1 points 7 months ago

I'm aware of that, but this is an NZ instance so when the poster above is talking about a country, they are talking about NZ.

[-] Gbagginsthe3rd@aussie.zone 11 points 7 months ago

Chefs kiss, make the arsehole squirm. The pressure he has put Australians under for profits makes me want to see him suffer.

Time to dismantle their concentrated power

[-] BalpeenHammer@lemmy.nz 1 points 7 months ago

I just don't know what the solution is. I guess you could force them to break up somehow but whichever entity is smaller is probably not going to be able to compete.

[-] NigelFrobisher@aussie.zone 2 points 7 months ago

We have a big four supermarkets in the UK, plus another four or five second tier chains, and they still managed to bury the hatchet long enough to pull this shit on consumers, blaming gas prices, and then announce record profits.

[-] Rangelus@lemmy.nz 1 points 7 months ago

I they to buy from my local green grocer as much as possible, and try and get meat from the local butcher. Most of the time it's even cheaper! My little town doesn't have a good farmer's market, but that's a good option as well.

Honestly though, people are too in love with convenience to do anything about it.

[-] flambonkscious@sh.itjust.works 4 points 7 months ago

This is amazing...

[-] absGeekNZ@lemmy.nz 3 points 7 months ago

That is quite interesting.

It is worse in NZ as we have only two supermarkets and very little in the way of independent competition.

[-] BalpeenHammer@lemmy.nz 1 points 7 months ago

We are too small to support a lot of competition in any market.

[-] Dave@lemmy.nz 1 points 7 months ago

Just watched it, it was hardly "heated". It felt super awkward. It wasn't like getting angry storming out, just I don't know what to say so I think we're done.