Prime Minister Anthony Albanese has backed the case for federal intervention in open markets after a bruising debate with energy exporters on his new regime to cap coal and gas prices, intensifying a debate about state power and his willingness to impose tough laws on business.
“When markets are failing, there is need for government intervention,” Albanese said in an exclusive interview. But he emphasised plans in 2023 to cement policies including bigger subsidies for childcare and medicines, two election promises put in place in recent months. “What you’re seeing from the prime minister at the moment is more like Gough Whitlam than it is like Bob Hawke,” Dutton said last Monday.
It hasn't been a free market for 20 odd years, and it's become a dog's breakfast since politicians have drunk the RE Kool aid it will only repair itself when Governments get the Fuck out of the market or the grid collapses...🤷♂️
There was no free market, there was a highly constrained market with ever-changing rules and one large irrational market actor who kept announcing large projects with questionable economics (Snowy, REZ’s etc).
why did WA reserve their domestic gas supply when the eastern states took the easy money route
What 'free market' and no, the government has failed on every issue, completely and consistently. No more power going 8nto the hands of the corporate sell outs.
Its not a free market if ypu limit supply though is it?
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Source: SkyNewsAust - 🏆 7. / 78 Read more »