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Articles on Free markets

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There’s a reason they call them ‘impulse purchases.’ frankieleon/Flickr

The dark side of free markets

While free markets have delivered benefits, they also prey on our weaknesses, tempting us to buy things that are bad for us, be it sweet candy or sour investments.
The Productivity Commission’s report on childcare will help inform the Abbott government’s soon-to-be-unveiled ‘families package’. AAP/Paul Miller

Productivity Commission childcare report shows blind faith in market

Many of the Productivity Commission’s proposals derive from assumptions that the funding of these services should ensure minimal interference, with a classic, market-based model for meeting “demand”.
Prime Minister Tony Abbott’s free market, small government leaning overlooks the real issue of social inequality. Lukas Coch/AAP

Why Abbott can’t delete ‘society’ from his economic growth script

Prime Minister Tony Abbott’s address to the World Economic Forum in January delivered a plain, pragmatic message. The best remedy for the uneven recovery of the world economy, according to Abbott, is a…
Does the ABC have any business providing entertainment to the masses? ABC TV/AAP

Public interest or public choice? Your $1.2bn ABC

Australia is about to have a debate on the role of government in business. That debate is going to be spread over several issues – Qantas’ junk bond status, Holden’s Australian manufacturing decision…

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