A new brave Australia - competition

Another reference article, by Ross Gittins "Competition is the key to a brave new Australia", the Canberra Times, 15/08/2015.

To quote the first two paragraphs to give us an idea what this article is about:

"Under its newish secretary, John Fraser, Treasury has a new slogan. It is proud to be "fiscally conservative, market-oriented and reform-driven". So just what reform does Treasury advocate?

Well, in a speech last week Fraser spelt it out. But first he noted that the key element of market-oriented reform is that it almost always involves heightening competition. He illustrated the point by summarising what happened during the golden age of micro-economic reform in the 1980s and '90s."

Read more: http://www.canberratimes.com.au/business/the-economy/competition-is-the-key-to-a-brave-new-australia-20150814-giyzok.html#ixzz3iybsq0yG