Competition policy and inequality: Building on Lionel Murphy’s legacy - Canberra, 31 October 2018

On 31 October, i presented the Lionel Murphy Lecture at the ANU, reflecting on Lionel Murphy's legacy and the challenge of framing competition laws that could help reduce inequality. Australia has a competition problem: there is not enough of it. Our industries are concentrated. Our markets show signs of weak competition.  There is a strong progressive case for repositioning how we think about competition. Focusing more on the competitive process, the structure of markets and the incentives those structures create for firms will play an important role in reducing inequality.