The Australian Broadcasting Cooperation Are Just Rent-Seekers by Sinclair Davidson - Article Example

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This article "The Australian Broadcasting Cooperation Are Just Rent-Seekers by Sinclair Davidson" suggests that Australian Broadcasting Cooperation (ABC) should be privatized because it is just rent-seeking. The author of this article bases its argument on the suggestion of Malcolm Turnbull…

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The Australian Broadcasting Cooperation Are Just Rent-Seekers by Sinclair Davidson

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Subject: Macro & Microeconomics
Type: Article
Level: Undergraduate
Pages: 1 (250 words)
Downloads: 0

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On the contrary, the performance of the public corporation depends on its ability to convince the government to increase its budget.

Davidson (2014) thinks that this is correct, but he suggests that programming decisions depend on consumer preference, not management preference. In this case, if the company does not respond to its consumer demand by design it will be forced to account to taxpayers through the government. He concludes that a public corporation should not just be accountable to the government; hence ABC should be privatized because it is completely unaccountable and a threat to democracy and market efficiency. This article is relevant to political rent-seeking, taxation, and market efficiency because ABC seeks rent from the public through taxation by the government; and is unaccountable to the taxpayers; causing market efficiency problems.

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