Competition laws are failing us on a whole host of issues vital to the public interest. But campaigning lawyer Michelle Meagher has a bold new agenda for reform.
We live in the age of big companies, where power is increasingly concentrated in the hands of a few, monopolies are the gold standard, and workers’ rights, the environment and democracy are bulldozed at every level.
With markets further narrowing due to the recent collapse of smaller businesses, emergency cartelising of industry-giants, and the passing of secret government contracts to allied suppliers, it is becoming ever more obvious that our current approach to market regulation is failing us.
But there is another way. Author and lawyer Michelle Meagher proposes an alternative framework to control capitalism from the inside - a fair and comprehensive competition law that limits unfair mergers, enforces accountability and redistributes power through stakeholder governance.