Jun 18, 2012

Monopolies hold back Mexico's economy with high prices, poor service

The Miami Herald: MEXICO CITY -- Enter a store in Mexico, and you're likely to find only two brands of fresh milk, Lala and Alpura. The two companies control the market. The same goes for beer. Two conglomerates have a lock.

In fresh bread, most brands belong to Bimbo, a massive company.

Pick up the cellphone on the way home, and you'll probably be enriching the world's wealthiest man, Carlos Slim Helu, who controls Telcel, Mexico's biggest cellular network. Another company Slim owns, Telmex, operates nearly all of Mexico's fixed-line telephones. Read more.

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