Políticas Kanguru -- "rent-seeking" sounds familiar? Baah! Tretas! «Like other nations around the world, both communist and democratic, the rise of the rent-seekers is driven by globalisation itself. In every sector of the Australian economy we have an effective duopoly or oligopoly at work. These have arisen as global pressures, practices, capital and ideologies have concentrated power in every sector. It’s not just an Australian problem, though we are better at it than most. It is rife in financialised Western markets, both in banks and in bloated property sectors. It is equally strong in emerging market industrial sectors, which thrive on development models gone wrong and the poor transparency of malformed states. As industrial power swings from West to East, politicians on both sides do all in their power to grasp and retard the process of global competition. And within this struggle, everywhere you look, a global class of super-oligarchs marauds across every country, finely tuned missiles homing in on the rent. What can be done about that? Banks is right. Only clear policy process and costings and can prevent the further spread of rent-seeking. But the challenges are greater than ever and there is so little awareness of the issue because the media’s dying business model has itself been co-opted by vested interests. As we head into an election with a Government that has endorsed the Nanny State and an Opposition with no costings as well as policy that favours big interests in the NBN, tax and carbon abatement, the prospects for rent-seekers are brighter than ever.» macrobusiness.au/2013/08/the-rise-and-rise-of-rent-seeking/?utm_medium=email&utm_campaign=Daily+MacroBusiness&utm_content=Daily+MacroBusiness+CID_899785d3568617b7e29fe062b35df310&utm_source=Email+marketing+software&utm_term=The+rise+and+rise+of+rent-seeking
Posted on: Fri, 16 Aug 2013 06:45:03 +0000
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