The elevation of competition as an objective of economic policy rather than simply as a technique to some really worthwhile objective can be dated to the Hilmer report of 1993 and the National Competition Policy that followed in 1995.
From an intellectual perspective, the Hilmer report is a fragile foundation for what has turned out to be a far-reaching program to re-engineer Australian society. There is no foundation in science, philosophy or history for the extraordinary assertion that “Competition is the backbone of Australia’s market economy”, made by the New South Wales productivity commissioner in a recent
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