ACT's David Seymour slams 'unethical' promises to break up supermarket duopoly
ACT leader David Seymour has criticized proposals from other political parties to break up New Zealand's supermarket duopoly. He argues that such intervention is unethical, undermines property rights, and ignores the economic benefits of established logistics networks.
Why it matters
The debate highlights a significant ideological clash between free-market principles and government intervention in essential consumer markets.
ACT leader David Seymour has hit out at promises to break up the supermarket duopoly , calling them "unethical" and a betrayal of "free enterprise".
Seymour was in Auckland on Monday speaking at engineering consultancy firm Aurecon in Newmarket.
During his speech, Seymour slammed his opponents and coalition partners saying it was hard to "overstate how bad these ideas are".
"Foodstuffs and Woolworths have spent 104 and 97 years respectively building logistics, procurement and distribution networks that run through this country like arteries.
"That's economies of scale. That's how the shelves stay full and prices stay lower than they'd otherwise be."
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