The John Hyde Archives

Historic archive of articles and newspaper columns written by former Australian politician John Hyde OAM.

Regulation

High price of nappies built into BHP costs

Cronyism  Trade  Regulation 

  • The Australian Government should not insulate the management of BHP from the wrath of the shareholders for making bad decisions lest they do not learn their lesson.
  • There is a need to understand the true relationship between unemployment to the tariff.
Read more...

Australia Writ Small

Protectionism  Trade  Regulation 

  • Both Australia and New Zealand have high import barriers.
  • Min price arrangements and export incentives are poor means of re-allocation of the nation's (New Zealand) resources.
  • Both nations have adequate natural advantages that are blunted by government intervention.
Read more...

Airline Deregulation (11/11/83)

Regulation  Subsidies 

  • Deregulation has enabled sharp reductions in the level of subsidies.
  • The airline industry is no worse off while the consumer and taxpayer is better off.
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Westpac to the Martin Committee

Cronyism  Regulation  Competition 

  • Westpac is caught between asking for continuation of protection from competition but is fearful that the same protection is extended to others.
  • Labour ought to favour deregulation such as interest rates control as it makes the market more efficient.
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Entrepreneurs

Economics  Regulation  Cronyism  Business 

  • Entrepreneurs are first forwards looking decision makers, but often become crony business managers once estabilished.
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Greiner's Small Business Policy

Regulation  Industrial Relations 

  • The policy allows for an individual to negotiate employment conditions above the minimum requirements.
  • Allows for the NSW industry to gain a competitive edge over other states and foreign imports.
Read more...

The Problem with Big Government

Regulation  Politics 

  • Smaller government where the people have more discretion.
  • The problem with regulations is the enforcement and the more rules the less productive a society will be.
  • Government doesn't know the wants of the people and the market is better place to punish any "rule-breakers"
Read more...

Of Bread and Eggs

Regulation  Business 

  • Regulation governing the production of eggs & bread in QLD is destroying the profitability of both products.
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Of Paddington Bear and Medicare

Regulation  Law 

  • Regulation as a means of control
  • Uneven enforcement
  • Confusing legislation, that is, it is hard to adhere to the regulations.
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Colour TV

Protectionism  Regulation 

  • Import quotas for Colour TVs; prices should be allowed to signal the levels of supply and demand
  • Quantitative restrictions (QR) are licences to print money
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Grain Handling

Protectionism  Trade  Regulation 

  • Wheat board (Trade barriers).
  • Farmer are unable to price differentiate between higher quality of wheel produced (price takers not setters).
  • Cost of over regulation where both some producers and consumers are the biggest losers.
Read more...

Health Care 3: Medicare

Monopoly  Regulation  Competition 

  • Medical fraud by doctors in a statutory monopoly
  • Firing a doctor removes his/her service from the community
  • The best is no Medicare; the market decides
  • * But what about a naturally formed cartel?
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Victorian Milk Price Arbitration 1

Regulation  Competition 

  • Regulations place Victorian Milk Farmers in the worst competitive position in Australia.
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Milk Price Arbitration 2

Protectionism  Regulation 

  • If the Victorian Dairy Farmers do not deregulate fast enough, they will face competition from Dairy Farmers from other states.
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New Zealand and Sri Lanka

Regulation  Politics  Economics 

  • A democrat can, given the right circumstances, successfully implement long term economic goals.
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The Accord, Labour Market Regulation

Regulation  Industrial Relations  Individual Rights 

  • Only soft approaches that are based in individual liberty will work for labour deregulation.
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Occupational Regulation **

Regulation  Competition 

  • A licence does not inform a buyer about who is the best service provider. The effect is to stop competition.
Read more...

The WA TV Licences

Politics  Regulation 

  • The root cause of Australia's economic decline is the subtle corruption of political authority.
Read more...

Taxis

Protectionism  Regulation  Cronyism 

  • Taxi deregulation is the same as any other product or service regulation. There will be winners and losers, but everyone should benefit in the long term.
Read more...

Privatisation

Competition  Regulation 

  • The main purpose of privatisation is increased productivity not obtaining the highest selling price for the underlying asset.
Read more...

John Burton

Regulation 

  • Relative economic decline should be reversed by deregulation and privatisation.
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Housing Interest Rates

Regulation  Monetary Policy  Interest Rates 

  • Regulated interest rates cause those that are unable to obtain regulated money to resort to hire purchase and second mortgages. They also distort housing supply.
Read more...

Fools or Knaves? The Reith Lectures

Politics  Economics  Regulation 

  • Our current politicians favour interventionism, the question is whether they are knaves or fools? *
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EPAC And Gruen On Trade

Protectionism  Regulation  Business 

  • Professor Gruen says that selling below full cost in not regarded as an unfair trading practices within Australia. It smacks of double standards when it is labelled as unfair when done by foreigners.
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Lamb Board

Protectionism  Regulation 

  • The board's policies have not been helping Lamb producers.
Read more...

New Zealand

Regulation 

  • The Lange Labour government has deregulated New Zealand to great success.
Read more...

Cheer Up Things Are Getting Worse

Industrial Relations  Regulation 

  • Deregulation will force unionist to bear the consequences of their own actions.
Read more...

The Evatt Foundation Conference

Regulation  Subsidies  Politics  Business  Competition 

  • Public sector monopolies give politicians opportunities to subsidise favoured voters.
  • The public benefits the most from competition not private ownership.
Read more...

Not Published, Doing Business with Too Much Government

Regulation 

  • The primary cause of our economic troubles is our government.
  • Every privilege is someone's cost.
Read more...

Commerce and Government Don't Mix

Business  Politics  Regulation  Cronyism 

  • Government operates differently in that only it can legally force people to do it's bidding.
  • Market imperfections are most often caused by government interference on behalf of vested interests.
Read more...

The Rocky Horror Show

Economics  Regulation  Taxation 

  • The deficit should be reduced by cutting government expenditure instead of raising taxes.
  • The proven way to economic success is through deregulation.
Read more...

Not Lazy (Published in the Weekend Australian as Monopolies corner the market in frustration)

Protectionism  Monopoly  Regulation  Business 

  • Australians are more often frustrated with government regulations than lazy.
  • Monopolies are the reason for Australia's lost competiveness than laziness.
Read more...

Transport and the Economy

Regulation 

  • Transport modes and service should compete on equal terms. The subsidies favouring LPG over petrol should be eliminated.
  • Competition between wharves, grain, sugar, container terminals and other port facilities could be greatly enhanced through implementing the Liner Shipping Report
Read more...

The Campaign Issues

Politics  Regulation  Industrial Relations  Economics 

  • John Howard's policy stances are more like Margaret Thatcher than he is given credit for.
  • The important issue is to increase efficiency without which Australia is sunk. Tax cuts matter but not so much as deregulation and industrial relations reform.
Read more...

Airline Deregulation

Regulation  Industrial Relations 

  • The less the airlines are protected from consumer choice, the less that it will pay for employees to go on strike.
Read more...

Philip Ayres on Fraser

Politics  Regulation 

  • Malcolm Fraser was a regulator when he was in office while John Howard was a deregulator.
Read more...

Private Correspondence

Economics  Regulation  Budget 

  • By deregulating our economy, we will be able to pay our public debts.
Read more...

A Deregulation LED Recovery

Regulation  Economics 

  • Deregulating will do more for the economy than getting the people to reduce their living standards.
Read more...

The Perils of Regulation

Regulation 

  • Socialists must decide between their abhorrence of the markets and helping the poor. Only when wealth is created, that it can then be diverted to assist the under-privileged can be help.
Read more...

The Liberals IR Policy

Industrial Relations  Monopoly  Competition  Regulation 

  • To protect the public from monopolies, the best alternative is to allow competition. Any reduction will reduce the pain of getting our economic house in order.
Read more...

The Politics of Deregulation

Regulation  Politics  Leadership 

  • Three things are needed for deregulation: 1) A convergence of elite opinion, 2) An issue must be ripe and 3) some leadership is needed.
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A Tale of Two Nations

Regulation  Politics  Economics 

  • The message for Australia and Fiji is that we have a choice between raising our gross national product or lower our standards of living.
  • It is either deregulate or decay.
Read more...

The Coalition

Regulation  Monopoly  Cronyism  Politics 

  • It is in the national interest to avoid all unnatural monopolies.
  • If the National Party does not want a free wheat market, who will believe them when they call for deregulation.
Read more...

Reforming Education

Education  Regulation  Competition  Individual Rights 

  • The best option to education is to deregulate it and to allow the people the freedom to make their choices wisely.
Read more...

A Significant Blessing

Regulation 

  • The most important policy implemented by the Federal Cabinet has been the deregulation of financial markets.
Read more...

Chile

Politics  Economics  Regulation 

  • Chile to become an economic success story. Reform included reducing tariffs to a flat 15% and substantially deregulating labour market.
Read more...

Of Wages and Wheat

Industrial Relations  Regulation  Politics 

  • The Liberals must establish the few important principles now. Continual deregulation is one of them.
Read more...

Foreign Debt Does Matter

Regulation 

  • Foreign debt servicing can only be possible through deregulations, only then can investments flow into Australia and the level of foreign debt reduced.
Read more...

Senator Walsh

Politics  Economics  Regulation 

  • Until we deregulate and privatise, our economic growth remains modest.
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Wheat Market Deregulation

Regulation  Politics 

  • Wheat market reform was due to the persistence and courage of a Labour Party Minister, Mr John Kerin.
Read more...

Wool Stocks

Protectionism  Regulation 

  • Minimum prices reduce the volume consumed; a more radical reform will be the abolishment of the wool reserve price.
Read more...

The Greens Crying Wolf

Environment  Regulation 

  • Even with land degradation being a serious issue, most cases can be avoided by individuals managing their own affairs in an orderly manner. We do not need a totalitarian organisation telling farmers what to do with their land.
Read more...

What Do We Want from Privatisation?

Protectionism  Regulation  Subsidies  Business 

  • The reason why Government privatise public companies is to make them more efficient. The reason why they don't is that they fear the wrath of employees and the subsidised consumers.
Read more...

Re-regulating The Banks

Regulation 

  • The market should help investors distinguish between high-risk investments masquerading as low-risk investments, however, regulations and public ownership is not the answer.
Read more...

A Voice from The Wilderness

Economics  Regulation 

  • The failure to understand opportunity cost has resulted in needlessly expensive environmental protection.
  • It is not possible to regulate demand and when bureaucrats fail to control human behaviour, they blame economists for the mess.
Read more...

Housing

Regulation  Property Rights  Economics 

  • Legislation that reduces a landlord's right to raise rent or to evict tenants reduce supply and drives up rents anyway. Paul Keating deregulates the cost of home purchases while the Minster for Housing regulates rents. It will not work.
Read more...

Why Privatise

Regulation  Business  Taxation 

  • Only when public companies are sold that taxes are paid in meaningful amounts.
Read more...

Wheat Market Deregulation

Regulation 

  • Deregulating the wheat market has brought many benefits such as the freedom for the producer to set prices and cheaper prices and better products for consumers.
Read more...

Waste in NSW

Politics  Economics  Regulation 

  • The NSW government run on the platform of deregulation and privatisation.
  • Micro-economic reform is eliminating waste and failure and is always opposed by people who lose their benefits and seldom praised enough by those who gain from the new efficiencies.
Read more...

The Davis Report

Protectionism  Regulation  Taxation 

  • Statutory Marketing Authorities (SMA) has the power to tax producers. If the minister intends to regulate the market to make it efficient and just, individuals must be able to opt out of SMAs and SMAs also be subject to the Trade Practices Act.
Read more...

Australia Fritters Away Its Wealth

Regulation  Industrial Relations 

  • Deregulators have had the most success in the financial markets due to the former treasurer's championing financial deregulation and neither the banks nor the bank employees union opposing deregulation.
Read more...

The Environment

Environment  Law  Regulation  Politics 

  • Governments thinking of using regulations to protect the environment should take into account any externalities them proceed with caution and having respect for the rule-of-law and democracy.
Read more...

Nanny's Security Blanket

Regulation  Taxation 

  • The government uses our taxes to "educate" us with the government subsidising certain groups to tax payers for their mistake and imposing their will on what we can and cannot do.
Read more...

Axing the Quangos

Regulation 

  • Every regulation develops vested interests who defend it against any attempts to eliminate or reduce it. For example, if the state government were to deregulate the taxi industry, consumers would benefit from cheaper and more convenient travel.
Read more...

Of Paddington Bear and Medicare

Healthcare  Regulation  Law 

  • By using the law without any overview to punish doctors for procedural errors that are hard to get correct, it causes the principle of certainty before the law.
Read more...

MITI

Business  Regulation 

  • The lesson from the Japanese Ministry of International Trade and Development (MITI) is that where government interference is the least, the industries have done the best.
Read more...

MIM Annual Report

Business  Competition  Regulation  Taxation 

  • The mining industry is loaded with infrastructure costs which are not asked of other competing sectors of the Australian economy. In order for MIM share price to increase, there will be a need to reduce high levels of industry protection and reducing state taxes.
Read more...

Who Will Govern Us?

Politics  Philosophy  Regulation 

  • Why concentrated vested interests will prevail over general interests is due to public choice theory. However, Australia is moving towards a liberal direction and it will depend on how fast we can liberalise our economy compared to other countries.
Read more...