My latest piece in the Guardian is headlined The national energy market is an abject failure – it’s time for a publicly owned grid I’ve said this before and I don’t mind repeating myself. But the new insight that provoked me to write this piece is a bit further down
Why has Australia done so badly? The reform process in Australia has treated markets and competition as goals in themselves, rather than as policy instruments designed to produce useful price signals and thereby guide investment and consumption decisions.
The article is also a plug for a recently published book, Wrong Way, How Privatisation and Economic Reform Backfire, in which I have two chapters, one on electricity and one on productivity.