While seemingly unrelated to the
activities of a pastoralist in Northern Australia, the article did capture my
attention. It is yet another example of
efficient lobbying of the Government gets the desired outcome for a particular
company. In this case the ASX will not
face the sort of competitive pressures that the rest of us in business face on a
daily basis.
It never ceases to amaze me that
Governments of all political persuasions are happy for certain industries to
face the blow torch of competition but other more favoured industries do
not. In the agricultural sector the
winds of competition blew through many years ago with the dismantling of
statutory marketing authorities and removal of other competitive restrictions
such as the export monopoly on wheat held by the former Australian Wheat
Board.
There remains a few favoured
companies and industries where politicians appear too afraid to expose them to
full competition. ASX is one such
company which retains this piece of legislative impediment to competition to
help it generate profits for its shareholders.
Sectors such as the car industry continue to be beneficiaries of
Government largesse in many different ways.
In other sectors without the good fortune of
Government protection we have to battle on as best we can. 
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