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E03: Going back to a paper written by William Lyon MacKenzie King, we can learn some of the thought processes behind passing the Combines Investigation Act, the precursor to the Competition Act. We can see they modelled it after the Industrial Disputes Act and learn their three main goals for Canadian competition policy. Spoiler Alert: They are different than our current goals.
E03: Going back to a paper written by William Lyon MacKenzie King, we can learn some of the thought processes behind passing the Combines Investigation Act, the precursor to the Competition Act. MacKenzie King was the Minister of Labour of Canada when the Combines Investigation Act was passed by Parliament. This was before he was Prime Minister three times.
We can see they modelled the Combines Investigation Act after the Industrial Disputes Act. We also learn the three principles Canadian competition policy was initially built on were:
1) Combines and businesses will always put the interests of their investors and owners above others.
2) Government's role is to ensure that combines are not able to amass power and dominate the public.
3) Publicity of bad acts can be enough to discourage those actions.
Links from episode:
Do you wonder why small towns, small businesses and people seem to be falling behind and you don’t know why? Feeling helpless about whether any of us can do anything to halt the decline of the places we love? Well, we know a secret. Our society fought the same battles about 100 years ago, and small towns won.
Join Andrew Cameron, the founder of the Center for Small Town Success and small business owner, every other week as he rediscovers our Canadian Anti-Monopoly tradition. The goal is to learn how we successfully fought back against Monopolies in the 1900s so we can restore power to small towns, small businesses and individuals today.
Listen to this podcast if you want to learn more about Canadian Competition Policy and to join the Anti-Monopoly movement. #freeboswell #cdnpoli