Rod Sims on Australia’s New Law to Rebalance Media Power
The world watched as the Australian government passed a new law in February 2021 requiring Facebook and Google to pay news businesses for linking to their work. In the lead-up to its passing, Facebook followed through on its threat to remove news from its platform. But many viewed Facebook’s move as only reinforcing the government’s position that big tech had market dominance. In this episode of Big Tech, Taylor Owen speaks with Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC). The ACCC conducted a market study to determine if there was a market failure in the journalism sector. It found that Facebook and Google were benefiting from the local news industry’s content and that these businesses were unable to seek appropriate compensation. The ACCC’s recommendation, the News Media and Digital Platforms Mandatory Bargaining Code, creates a code of conduct that Australian news businesses can use to bargain with Facebook and Google, using the negotiate-arbitrate model. Taylor and Rod discuss how the ACCC came to the decision that a negotiate-arbitrate model needed to be applied, how the new code will function, why journalism’s role in democratic society is more essential than ever, and what these issues mean for the average citizen and social media user.
Rod Sims – Can we trust the free market to deliver?
Rod Sims is the Chair of the Australian Competition & Consumer Commission. In this wide-ranging episode, we talk about why the Commission started working 16-hour days to allow rivals to cooperate; whether the ACCC’s role could be too broad; how consumers misunderstand what happens to their data; the crisis in journalism; what Bob Hawke’s cabinet did right; Rod’s views on privatisation; and how inequality affects trust.
ACCC has just released 619-page report on the power and impact of digital platforms on Australian media. To help us make sense of the report but to also see what it could mean for our media we have a special in-depth discussion with the chairman of the ACCC, Rod Sims.
ACCC boss Rod Sims gets bolshy, does jobs growth mean higher wages and will the government crack down on industry super funds?
The Australian’s Money Cafe
Alan Kohler and guest co-host John Durie also ask when don’t executives get bonuses? What’s keeping CEO salaries down and how there's more men named Andrew than women in ASX100 listed companies. See omnystudio.com/listener for privacy information.
Chairman of the Australian Competition and Consumer Commission (ACCC) Rod Sims speaks about why privatisation should be done for efficiency, not for money windfalls. The Centre for Independent Studies (CIS) promotes free choice and individual liberty, and defends cultural freedom and the open exchange of ideas. CIS encourages debate among leading academics, politicians, media and the public. We aim to make sure good policy ideas are heard and seriously considered so that Australia can continue to prosper into the future. Check out the CIS at - https://www.cis.org.au/ Subscribe to CIS mailing list- https://www.cis.org.au/subscribe/ Support us with a tax-deductible donation at - https://www.cis.org.au/support/ Join the CIS as a member at - https://www.cis.org.au/join-cis/ Follow CIS on Socials Twitter - https://twitter.com/CISOZ Facebook - https://www.facebook.com/CentreIndependentStudies/ Linkedin - https://www.linkedin.com/company/the-centre-for-independent-studies/?viewAsMember=true