Mexico’s Calderon Seeks Stronger Antitrust Law, Fines

[Judi Lynn]

Mexico’s Calderon Seeks Stronger Antitrust Law, Fines
By Jens Erik Gould and Crayton Harrison

April 5 (Bloomberg) -- Mexican President Felipe Calderon, seeking to strengthen competition among companies, proposed bigger fines and jail time for antitrust violations.

Calderon will ask Congress to change Mexico’s competition law to incorporate his proposals, he said today in a speech in Mexico City. The country needs more competition to promote investment, he said.

Calderon proposed fines of as much as 10 percent of revenue and possible jail time for colluding on prices. He also proposed fines of as much as 8 percent of revenue for “relative monopoly practices,” or restrictions such as exclusivity agreements that keep new competitors from entering an industry.

About 30 percent of consumer spending goes to markets with a lack of competition, causing Mexicans to spend 40 percent more than they would with better enforcement of antitrust rules, Calderon said. He didn’t name specific industries that lack competition.

“We will give the Federal Competition Commission the power it needs to meet its objectives,” Calderon said. “One of the principal criticisms in the subject of competition is that the commission has no teeth.”

More:
http://www.bloomberg.com/apps/news?pid=20601086&sid=a65VZAdmPkvM

[Peace Patriot]

1. Why on earth would our fascist DUers "unrecommend" this thread?

Someone has gone through and systemactically "unrecommended" all of your recent Latin American posts. I just checked. Most of your posts are just corpo-fascist 'news' monopoly posts of recent stories of interest on Latin American events. Why would someone "unrecommend" them? Seems like a vendetta. Do they hate you because you are so knowledgeable about Latin America and have such awesome archives, and a "picture is worth a thousand words" photos, on fascist horrors, past and present, in Latin America--and use your archives to educate and inform and to counter their fascist bullshit? Do they hate you because you are devoted to the truth? I don't know, but I am flabbergasted at the pettiness and gamesterism of "unrecommending" news threads, something like this that even places a rightwinger--Calderon--is a favorable light--announcing anti-trust policies. Do they favor monopolies and lack of competition? One of them is a known Chevron-Texaco apologist, so probably--like Bushwhacks--they do. Corpo-fascists don't favor a "free market." That is one of their biggest lies. They favor giant, all-powerful, multinational corporate monopolies. And our DU fascists always favor the viewpoint of big corporate monopolies and disfavor social justice and democracy. So they probably do dislike even a rightwinger like Calderon going after monopolists. Interesting, huh? They don't want people to know this. Someone among these DU fascist operatives thinks that this should not have been posted and/or "unrecommended" it because YOU posted it.

It's too bad that "recommends" and "unrecommends" are anonymous.