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Further to 59183 (2025), does the Minister agree with New Zealand First MP David Wilson that free markets have a tendency to move towards monopoly and oligopoly, left unattended, and this is why we need regulation?

Answered Question 16878 (2026)
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Asked by

Arena Williams

Member for Manurewa · Labour Party

Question

  • Further to 59183 (2025), does the Minister agree with New Zealand First MP David Wilson that free markets have a tendency to move towards monopoly and oligopoly, left unattended, and this is why we need regulation?

Answered by

Cameron Brewer

Member for Upper Harbour · National Party · Minister of Commerce and Consumer Affairs

Answer

There are a range of views on how markets evolve. New Zealand’s competition framework recognises the need to address the risks associated with monopoly or oligopolistic market structures, and the Commerce (Promoting Competition and Other Matters) Amendment Bill strengthens existing tools within that framework.