Chile: A toilet paper cartel goes down the toilet

I had no idea that there was a toilet paper cartel in Chile, but it looks like it was a real cartel (unlike the so-called drug cartels, which are not) involving 90% of a US$400million market. Now the Bachelet government is taking time from trying to amend the country’s Constitution to put the squeeze on the Charmin,

Chile breaks up toilet paper cartel that fixed prices for over a decadeBut lax legislation means that the country’s top two manufacturers will likely get off lightly

“This is a very serious matter,” said Chilean President Michelle Bachelet on Thursday. “Collusion is a form of abuse that is detrimental to people, to the economy, to trust and to our country’s image.”

On the bright side, now that they cleaned up the toilet paper market maybe they’ll pat attention to the corruption scandal(s) and to how the collapse in the price of copper will affect the economy.

UPDATE:
Linked to by The Pirate’s Cove. Thank you!

Linked to by Dustbury. Thank you!