45: Misleading & Deceptive Conduct. Masterclass with the original watchdog.

Professor Allan Fels, inaugural Chairman of the Australian Competition & Consumer Commission discusses with Burgernomics host Ross MacDowell the realities of policing restrictive business practices that harm Australian consumers.If the law of supply and demand is operating efficiently, how can monopolies exist?Prof. Fels’ defines a monopoly and discusses how some of Australia’s leading organisation maybe monopolies.Has the deregulation of Australia’s telecommunication industry worked for the consumer? Did the government create another telecommunications monopoly with the NBN?Australia’s 4 pillar banking system. Is it an oligopoly? How was it allowed to operate with the practices that led to a Royal Commission?What benefits does this banking system offer Australians?How recent US private bank collapses empower Australian banks to maintain their oligopoly unchallenged.Areas where policing restrictive trade practices legislation has been weak and how it could be improved to better protect Australians.Some colourful stories of blatant corporate misdeeds.The increasing number of criminal prosecutions sending corporate executives to prison.How the hamburger industry seems safe from anti competitive behaviour.Dive DeeperAdam Smith. A Wealth Of Nationshttps://www.amazon.com.au/Wealth-Nations-Adam-Smith-ebook/dp/B08NPXBLYQ/ref=sr_1_1?crid=1FE3YQUVDK1PM&keywords=Adam+Smith+A+Wealth+Of+Nations&qid=1682218897&s=digital-text&sprefix=adam+smith+a+wealth+of+nations%2Cdigital-text%2C281&sr=1-1Allan Fels. A Portrait Of Power. Fred Benchleyhttps://www.amazon.com.au/Allan-Fels-Portrait-Fred-Brenchley/dp/1740310705/ref=sr_1_1?crid=1L4B9GRCH4QXQ&keywords=Allan+Fels.+A+Portrait+Of+Power.&qid=1682218847&s=digital-text&sprefix=allan+fels.+a+portrait+of+power+%2Cdigital-text%2C266&sr=1-1Tough Customer: Chasing a better deal for battlers. Allan Felshttps://www.amazon.com.au/Tough-Customer-Chasing-better-battlers-ebook/dp/B07XP68Z9V