Market Forces: Government Intervention and Mr Foley

market forces: Mr Foley criticised supposed free-market cheerleaders who have pushed for government intervention in AGL's planned 2022 closure of its NSW power station, according to Nine News Australia. People who have argued for the operation of free markets for a very long time are now increasingly arguing for government intervention to distort market forces, Mr Foley told the Centre for Independent Studies in Sydney on Tuesday. To improve your experience update it here News National Foley blames culture war for coal pressure4 33pm Nov 6, pressure to keep the ageing coal fired Liddell power station open is a by-product of the culture war, according to NSW Labor leader Luke Foley, not sound economic management. If a Labor government said that, we would be accused of communism. But Mr Foley pointed out to his conservative opponents they should practice what they preach and observe market forces when making investment decision. The federal government has lobbied AGL to keep open or divest the Hunter Valley plant, arguing it would ensure no gap in power availability before Snowy Hydro 2.0 comes online in 2025.AGL have resisted the push to extend the life of Liddell, choosing rather to replace the capacity lost to the coal powered plant with wind and solar farms. (news.financializer.com). As reported in the news.