To be brutally blunt, we in the West - or at least our politicians - would not have to fear our elections either if our elected officials were not as incompetent, corrupt and contemptible as the very same autocrats they love to criticise. Recently, our chancellor was filmed stating that he is sick of people complaining about rising food prices and not being able to afford a decent hot meal for their children when a burger with fries at McDonald's is 3.5€.
Instead of apologizing and doing something about the (still) overpriced food in Austria, he doubled down. There was an investigation if there's been illegal price fixing between the large players of the grocery market, and it predictably found no evidence thereof. But what evidence would exist in this day and age? Price fixing no longer requires the active participation of employees of a company: they just set their price finding algorithms to the desired gross margins and to not undercut the competition, and if everyone does that, prices will rise in relative unison.
In reality, grocery prices in Austria are 30% higher than in Germany, in spite of having similar labor costs, energy costs and, well, virtually the same product lineups. The actual difference between Austria and Germany is that in Germany, there are more than two companies (Rewe and Spar) competing in the regular grocery market and more than two companies (Hofer/Aldi and Lidl) competing in the discount market. What else is needed as evidence? It is painfully obvious that we have an oligopoly problem, and even steadfast believers in the virtues of the free market know that this leads to rising prices and a loss of quality through complacency.
We do have a legal means of recourse for that. It would be entirely possible to forcibly break up the REWE group, or if that is deemed too radical, simply make them have to give up half their stores to competing chains. Instead, the companies involved explain the difference in pricing on the number of stores and the generally higher cost of transportation, and nobody questions that, there even have been interviews in the large newspapers with the CEOs of Spar and Rewe where they detailed that their net earnings did not go up in the past two years, while conveniently forgetting to add that their investments of said profit (they have begun building more energy efficient stores now that energy prices spiked) more than doubled in the same time. In the case of Spar that meant an increase in profit of almost 50%, in spite of higher energy, supply and labor costs. Claiming that their margins did not increase unduly is just ludicrous, and a competent journalist would have questioned that immediately. You can guess once if they did. Spoiler: no, they did not. Of course not. Newspapers earn a pretty penny from including grocery ads, and they do not bite the hand that feeds them.
When politiicans of the opposing parties suggested that the government create a price comparison and statistics portal so consumers would at least realize how much they are being gouged, they replied that it would be too difficult to implement. Yes, so difficult to implement that the first price scraping website made by one person went up a week later, detailing the price differences and just how much prices rise in unison between "competitors" in Austria. Now people can look at the price gouging and realize that the government is not doing its job, which in this case would be to simply apply existing antitrust legislation.
Instead, we are staring at a possible Freedom Party lead government, headed by Herbert Kickl, someone who publically calls himself the upcoming Volkskanzler, which is what the national socialists of yore called the Führer. Great. Just... great. While I have never been an optimist, it does not look like the future is going to be better tomorrow.