deregulation

Today’s crisis of the established political parties and the rise of far-right political projects are linked to the long-running capitalist crisis in which neoliberalism is immiserating the working class and small producers.

Australian Competition and Consumer Commission chairperson Rod Sims said selling public assets has created unregulated monopolies that hurt productivity and damaged the economy. Speaking at the Melbourne Economic Forum on July 26, Sims said the sale of ports and electricity infrastructure and the opening of vocational education to private companies had caused the public to lose faith in privatisation and deregulation. Sims said: "I've been a very strong advocate of privatisation for probably 30 years; I believe it enhances economic efficiency.
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