A reduction in the restrictions on advertising pharmaceutical products in Iceland is recommended in order to increase competition in the marketplace. This recommendation was made in a report by the Competition Authority of Iceland. The report also says that the cost of licence applications and heavy government regulation of new pharmaceutical imports make it more difficult to find a niche in the market.
The report also recommends a re-inspection of supervisory rules on the sale of medicines in shops other than pharmacies – a practice which is currently completely illegal – even for painkillers and cough mixture. An increase in postal and internet pharmaceutical sales should also be looked into.
The Competition Authority also recommends that laws on agricultural products be re-examined, with one of the main goals being to level the playing field in the dairy industry, which is currently dominated by one or two big players.
The Competition Authority of Iceland found also that the participation of state broadcaster RUV in the advertising market disturbs the advertising market. They also believe that 365 Media may have been standing in the way of the delivery of television signals ((ed.) Possibly in connection to Skjar 1, the main commercial rival to 365’s Stod 2), and this suggests the company may have broken competition rules.
Iceland is the monopoly capital of the world in my eyes and now it seems that the bribes must be drying up in order for the government to take this step. The government here seems to be behind the western world by centuries when it comes to matters of buisiness and free enterprise. The only way out is to import financial specialists which seems to be happening entirely too slowly. The arrogance and foolish diplay of pride shown in this situation should be placed in the sagas as lesson to future generations. Along with the great migration of able bodied souls that is most certainly going to follow. This is a series of mistakes of biblical proportions.