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ACCC Failings: What Have They Been Doing?

7 mins 11 mths

The ACCC stands for Australian Competition and Consumer Commission. Did you note that term ‘Competition’? This body is supposed to ensure that healthy levels of competition exist in markets. Yet, we in Australia have the highest levels of market concentration ever seen in our history. ACCC failings: What have they been doing? Down under in Oz we pay lip service to things to avoid actually doing anything about scams and fudges in the business world. Toothless tigers are our speciality when we establish the various commissions and overseeing bodies. Governments make sure that regulators like the ACCC don’t have the funding or the necessary connections to really achieve what their remit states.

Economics Fresh Politics