Monopolies hold back Mexico's economy with high prices, poor service
Source: McClatchy Newspapers
Enter a store in Mexico, and you’re likely to find only two brands of fresh milk, Lala and Alpura. The two companies control the market. The same goes for beer. Two conglomerates have a lock.
In fresh bread, most brands belong to Bimbo, a massive company.
Pick up the cellphone on the way home, and you’ll probably be enriching the world’s wealthiest man, Carlos Slim Helu, who controls Telcel, Mexico’s biggest cellular network. Another company Slim owns, Telmex, operates nearly all of Mexico’s fixed-line telephones.
Mexico is a country of concentrated economic power, and in some cases outright monopolies. It’s an arrangement that limits Mexico’s hopes of a thriving economy, chokes its consumers, discourages competition and prevents better products and services from emerging in the marketplace. It’s been this way for decades, and analysts caution against expecting change anytime soon.
Read more: http://www.mcclatchydc.com/2012/06/17/152221/monopolies-hold-back-mexicos-economy.html
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