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Australia is one of the most monopolistic countries in the developed world. From banking, to air travel and groceries. It’s all controlled by a few giant corporations. But how bad is it and how did it get this way? In this episode we take a look.
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Created by: Dagogo Altraide
Producers: Tawsif Akkas, Dagogo Altraide
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27 thoughts on “Australia’s Monopoly Is Hidden in Plain Sight”
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The duopoly is so much worse than Dagogo has protrayed: Coles owns the largest chains of liquor stores in the country (and their main competition was owned by Woolworths until recently), and both Coles and Woolworths own some of the largest chains of petrol stations in the country, and use their grocery business to capture customers into their liquor business (by location) and fuel business (by loyalty programs). They are also major players in insurance and telecommunications.
I like in Japan now, and sometimes get TimTams here, but they're like 3x more expensive than local alternatives, so I rarely do. However, this video has shown me the timtams here are cheaper than in Australia?? $5.90 here vs $6.00 as shown in this video. These are Made in Australia timtams, how does shipping them across an ocean make them cheaper???
Why do you compare the top two supermarkets in Australia (holding 65% market share) to the top one in the UK (under 30%)?
The top one in Australia is 38%, just 8% more than the UK. And the UK has a lot more people in a lot less area.
And it’s not a monopoly or duopoly or oligopoly. You can go to IGA or Aldi. Aldi is cheaper! Why don’t people just shop there? Make it #1….. oh, then the profits go off shore.
And the milk thing is a joke too. They literally competed on a household staple and made the price competitive. Then people demanded they increase it?!? So they want Woolies and Coles to charge more, so the farmers can make more money? How will that work? If the farmers want to make more they should increase their prices. Or find better accountants or lawyers to get a better deal. Or form a cartel to push prices up.
But oh wait, that’s also unethical and possibly illegal. And now we are rooting for suppliers to increase prices?!
It’s easy to hate on Coles and Woolies and blame them for inflation. But it was the government that printed and spent all of that money that caused it. Coles and Woolies are better priced than IGA and they are home grown too. If they were truly gouging why aren’t they more expensive than IGA?
Our geography is very unique as you mentioned. We don’t have the density to sustain the competition. Masters tried to come in and compete with Bunnings and it utterly failed. There isn’t enough $ to go around to incentivise more players entering the market. And that’s the irony – if they truly were price gouging, their profit margins would be more than a few percent… and international players would be tripping over themselves to get a slice! But it’s not the case. They have high revenue but very very tiny profit. No one wants to spend all the up front cost to get a tiny slice of a tiny bit of profit.
Love your work mate. Thank you
Not at all what I thought this guy looked like 😅
Dosent put a pin for Radelaide down on the map 3:46, as a West Aus I'm offended…..
Someone help me please get out of Australia, I’m 19 and wanting to get out of this shit hole
Joke of a country
we’re cooked
Australians are getting robbed by there own government
I thought woolies NZ was ripping me off till i was in sydney a couple of weeks ago and went to buy an energy drink from the woolies in wynyard station (i know i already fucked up going to a metro supermarket) and both V and Redbull were ON SPECIAL for over $4 (redbull was $4.80 but luckily i still get my staff discount accorss the ditch so it came down to a still disgusting $4.56 iirc). In New Zealand a redbull is $4.39 full price at woolies so not just more expensive nominally when you convert its propabably closer to like $6 which is fucking dairy/cornerstore prices and i may aswell just go and get a real coffee at that price. so guess im giving up energy drinks when i move over because that is the mother of all price gouging
Thank you for your service king
Product is king distribution is god
Australia is a corporation 😢
if only the labor party weren't beholden to corporate interests
Well I'm ashamed that Woolworths originate from South Africa, and I'm South African. On the other hand, this really exposes the fact that first world country thing can just be an intended image. We don't have food pricing issues to anywhere near that level in South Africa, a third world country.
we can get timtams in the UK??
Hello
Australians voted for all their own problems
And they took the guns so you can't pick them off. It's a shame there won't be a miracle anytime soon…
Some of those prices were absurd… Granted it feels rather similar in Canada. In a few industries (say telecom) we might have 3 major players instead of 2, but the outcome is basically the same. Record profits quarter after quarter for essential services like food, gas, insurance, or phones.
Everyone I talk to is feeling it. Not to mention rent or the prospect of home ownership…
America is the same when it comes to mergers/market consolidation
Heavy shit man. There's a massive need for consumer affairs protections, whistleblowers, activist vloggers etc. The advertising on youtube, for example, is plagued with scams, bullshit chinese products, etc etc . who's keen ???
Guys, is this fake video from June 2025 or is the price hike modernized at certain times. Other videos show that all processed and unhealthy food was priced high.. comment back if I am tripping on the wrong video to compare.
https://youtu.be/UBo5VHFMjhw?si=sGYdr5vFT58Yt3RA
Love the channel , recommend it to all my friends and family. Keep up the awesome brilliant work.
A very interesting deeper level to this is the controlling concentration in shareholdings of ALL of our ASX200 companies by a few large investment companies (blackrock etc) they call the shots
The mining companies represent one of the greatest thefts in history