2 Nov, 2011
Top bosses’ riches are undeserved – SMH
Trade liberalisation has opened up opportunities for cheaper imports of many everyday items such as TVs, fridges, couches and cars. When goods are internationally traded it is harder for monopolies to survive.
But many of our big purchases, groceries, electricity and home loans continue to be supplied by a limited number of domestic companies and so we need to be constantly vigilant to the presence of monopoly power.
One of the main jobs of an Australian government, then, is to stand up against these oligopolists and try as much as possible to expose them to the rigours of competition.
Banks must be bashed, telecommunication monopolies dismantled and cosy monopolists forced to provide a good product, not just for shareholders but also customers.
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