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Competition Law Reading Room

Competition with compassion - Australia's Economic Success Story

Graeme Samuel
2010 Costello Lecture - Monash University Law School
24 November 2010, Melbourne

 

From the conclusion

'... I don’t support competition for competition’s sake, or even because the law requires me to promote competition – but rather because I fervently believe that competition is crucial to the economic well-being of this nation, and the quality of life for all Australians.'

'It is ... incumbent on those who are the beneficiaries of reform to ensure that the benefits are, as far as possible, spread around the community. ... this is not just philanthropy, or social responsibility, but good business sense.'

'The future lies in creating a workable marriage between economic and social policy. Creating a better economy and a better society. Proving that economics and society are not paradoxes – but equivalents. ...'

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