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Bad faith drives desire for more competition : Comments
By Mark Christensen, published 1/6/2006Competition policy is a lot like religion: it’s fabulous at spurring us to consider the greater good but then struggles to deliver perfection.
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"Furthermore, any resulting inept commercial behaviour and sinfulness is countered with increasingly onerous and strict requirements. Nothing really improves, of course, while the cost of extensive controls slowly eats away earlier gains.
This slippery slope seems inescapable even when the irrational premise upon which it is based is exposed. To stamp out corporate evil, one must assume it exists, even if this leads us to institutionalising it in the process."
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This goes to the heart of everything; IR laws, transport policy, free trade agreements. It inevitably describes the very structure of a government that prides itself on it's "economic cleverness".
We once made a very good Prime Minister from a train driver. Maybe the criteria in future should be, "Will this Prime Minister make a good train driver?" See what I mean?