Episode 28 – Public vs Private - When Should Government Run Things?

Sean Jacobs

On this episode economist Will Witheridge and I discuss the philosophy behind privatisation, the wisdom of Adam Smith, and cartels and monopolies. We also talk about the challenges of the privatisation journey in the West (Australia's Two Airlines Policy for example), some of the areas where privatisation doesn't entirely work and the balance between government regulation and 'nationalisation in new clothes' - excessive green and red tape.