Dick Smith defends Coles and Woolworths on grocery price war

 In Australia, Coles, NewZealand, Woolworths

HIGH-profile entrepreneur and patriot Dick Smith has come to the defence of Coles and Woolworths, praising them for being Australian-owned and warning a forced break-up off their market dominance would make them uncompetitive.

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Mr Smith, appearing at a Senate inquiry into the food processing sector, also said there was merit in government protection in the food industry through either a mandatory Australian content quota or industry protection funds, similar to what the car industry receives.  Sydney Morning Herald – Read more…
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