Peter Dutton wants to break-up the wrong cartel
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The Coalition proposes to introduce legislation that would force companies in certain sectors to divest assets if they are found to have abused their market power.
The divestiture powers would specifically target grocery and hardware retailers with annual turnovers of more than $5 billion, including Coles, Woolworths, and Bunnings.
David Flint asked for my opinion on Dutton’s divestiture plan during an interview with me last week on his “Save the Nation” program on ADH TV.
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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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