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Features Australia

Crony time

Big business, unions and government cut cosy deals to suit themselves

23 July 2022

9:00 AM

23 July 2022

9:00 AM

Son to father: I’m thinking of going into organised crime. Father to son: private sector or government?

Crony capitalism – it’s one of the most depressing aspects of modern market-based economies and I use the term market cautiously. It’s no longer about producers supplying quality, keenly priced goods and services to canny but grateful consumers, it’s about producers seeking regulatory and financial favours from politicians, and consumers simply having to make do.

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