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Jul 10Liked by John Quiggin

Some time ago, the big coal generators were alarmed by the shift to renewables, triggered by the serious climate risks of fossil fuels. These big generators had considerable influence on the market, and at first sight, renewables were a risk to their domain, a disruption if you like.

Unsurprisingly, this group has moved significantly to retain control of the power supply market, effectively restoring their position as market managers. We seem to be right back to where we started, except that power prices have increased significantly.

Another concern. ANZ wants to take over Suncorp Insurance. Will that be good for those who use Suncorp? Not so long ago, seven "free-enterprise" banks would advertise the benefits of competition. That no longer happens, banks have consolidated and I'm not sure that we have benefited from that change.

The common element is the concentration of power and the reduced options available to citizens.

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