How true do you think this statement is?
Maybe the problem is more with the length of time it takes the competition tribunal to investigate and act on a problem? By the time the case is resolved all the smaller players are already out of business...If this sounds like a case of why the public sector should not be in charge, think again. The Asgisa report notes that we pretty much do not have a small and medium enterprises (SME) sector because prices charged by dominant companies in steel, fuel, chemicals, telecommunications and banking are so high that they all but preclude small businesses from taking these products and services and turning them into business opportunities. These companies are privately owned: private ownership does not in itself drive prices down.
Full story on M&G