‘Upside-Down’: Adopting Biden Policy on Big Business Not the Answer for Australia

This photo shows a man using a laptop computer on a street in the central business district of Sydney, Australia, on Nov. 5, 2018. Peter Parks/AFP via Getty Images

Economist John Humphreys believes Australia’s assistant competition minister is missing the bigger picture when he blames large business for the country’s slowing economy.

Humphreys, the chief economist at the Australian Taxpayers Alliance, said while Labor Minister Andrew Leigh had correctly identified the ongoing problems in the economy, his solution—to push for more Biden-era control over big companies—was “upside down.”