How much are Australian businesses being burdened with regulatory red tape? Is the problem worse in Australia than elsewhere and is it getting worse?
Dr Oliver Marc Hartwich, a Research Fellow at the Centre for Independent Studies, says we don’t know because we haven’t measured the impact of bureaucracy on business. He says we need to measure it so we can reduce the cost of compliance with the various regulations. He says red tape clogs up the system, harming economic growth, much like pollution can harm our natural environment.
But who would enforce the new scheme? He has a great answer to that question — listen to the podcast!