Monday, September 13, 2010

Regulating Competition Or Protecting National Interests?

The Australian 'competition' regulator isn't interested in fair, the Australian regulator is interested in protecting the monopoly of Australia's national airline, which it regards as in the national interest, regardless of whether more competition would be better for the public.

Why don't the papers say this, why can't they get the direct comment from people who openly express this view? Perhaps because there's something dirty about 'national interest' and 'nationalism' in these post-WWII, supposedly global free-market days, such that nobody involved wants to speak of it lest they are tarred by it.

This airline regulation business is in similar territory to agriculture and land ownership – national interest, even national security, is involved, and that often overrules the interests of fair and open competition. Still, it would be better if the newspapers and the people involved in regulation and business let it be part of the debate, at least then we'd have an idea of where everyone really stood on this matter.

[NZ Herald: Rejection of Virgin-Air NZ alliance unfair: Branson]


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