The National Commission for Protection of Competition (CDNC) is ordering an investigation into 11 industries that it believes have developed unfair monopolies or that are using a dominant market position to take advantage of consumers. Well that might be because laundry detergent is just one market that the government believes might be in the clutches of a monopoly. Commerce Secretary Miguel Bran and the president of the National Commission for Protection of Competition Esteban Greco are targeting these markets due to their alleged lack of competition. The Ministry of Production just unveiled which industries will be examined and the list includes the following: laundry detergent, aluminum, steel, petrochemical, mobile communications, credit cards and electronic payments, oil, milk, meat, city ground transportation and air transport. Ever notice how no matter how much you despise the smell of your laundry detergent you just can’t seem to find one for a decent price that doesn’t make your clothes smell like they’ve been thrown around a flower patch and then dunked in Clorox?

Source: The Bubble August 11, 2016 16:18 UTC