How market forces have failed the nation (its citizens and consumers)

When politics meets “market forces”, failure is predictable.

Cost-benefit analysis is far from a “value free” economic tool.

The NBN cost-benefit analysis concluded using the econometric model of the Centre for International Economics (CIE) that in “98 per cent of the circumstances modelled”, MTM was more cost effective.

98%? I’m impressed. :expressionless:

The NBN cost-benefit analysis determined that the median Australian household would require a bandwidth of 15 megabits per second (Mbps) by the year 2023,

most consumers were actually paying for more than 24 Mbps already by early 2016.

Often, market mechanisms are merely tools of political failure.

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