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Over the past few years, Australian Competition and Consumer Commission (ACCC) head, Rod Sims, has issued a spate of warnings about, and voiced opposition to asset privatisations.
One of Sims’ key concerns is that consumers are being gouged as the new monopoly or oligopoly owners raise prices and extract rents from consumers.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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