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Competition in the free market is best for everyone. Except when it's not.
In the time of COVID-19, it most definitely is not.
Rod Sims is chairman of the Australian Competition and Consumer Commission.
He says that when we are fighting a pandemic-induced war, the economy is flipped on its head.
We must all work together to supply what people need, even if it involves co-operating with rival companies.
But once all parties have sat at the same table, how do we prevent collusion after the 'war' is over?
By ABC listen4
44 ratings
Competition in the free market is best for everyone. Except when it's not.
In the time of COVID-19, it most definitely is not.
Rod Sims is chairman of the Australian Competition and Consumer Commission.
He says that when we are fighting a pandemic-induced war, the economy is flipped on its head.
We must all work together to supply what people need, even if it involves co-operating with rival companies.
But once all parties have sat at the same table, how do we prevent collusion after the 'war' is over?

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