Corruption! At Flemington Markets? A Case Study in Public Policy
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A case study of attempts by producers to obtain market reform is presented. Important background to the case is producers traditional mistrust of middlemen and the alleged failure of government regulations to protect the interests of producers. The New South Wales Farmers Association have attacked the Markets as corrupt and riddled with fraudulent malpractice. The paper analyses the events and processes which followed these allegations. An attempt is made to obtain a better theoretical understanding of the nature of competition in the Markets. The role of the bureaucracy in perpetuating the situation through narrow adherence to simplistic economics is examined.