Pandemic and Cartels

Pandemic and Cartel  

Shortage of supplies and surge in prices of essentials goods is a rising phenomena since the outbreak of corona virus pandemic. Suppliers of essential goods and other products see this pandemic as opportunity to create cartels and manage the supply and prices of goods. There needs to be a push by regulators and law enforcement to ensure market division and distribution. 

The European Commission is of the view that “global cartel enforcement can benefit from the complementing the two main enforcement models.” One of the enforcers and second of the prosecutors; where enforces decision is final and prosecution is certified in court. 

Pandemci Cartel



Cartels and other anti-competitive behavior will result in a rise of leniency applications to competition authorities, globally, along with a rise of criminal cartels looking to build up both financial and political capital.

Mexican cartels are reported to show their charitable side by providing aid to communities and by trying to win their hearts and minds. Donations to reputable charities and government, is an opportunity that these cartels will seek to exploit during pandemic.



At Polyown Think Tank, we value your views and comments. Tell us what you think about Cartels and Pandemic.

Comments

Popular posts from this blog

Lack of food security and the need for a policy shift

Healthcare: a fundamental right

Tik Tok Ban