Australia’s news bargaining code is unworkable – and could break the internet as we know it

America is the most innovative country globally because American businesses hustle to innovate and create new products and services. Competition is the key element to always strive for excellence and quality.

No government should be able to pick winners and losers. Unfortunately, Australia does not like competition.

In 2020 the Australian Competition and Consumer Commission (ACCC) published draft regulation that will force American tech companies such as Facebook and Google to subsidise traditional Australian media companies by giving newspapers a significant portion of their revenue. Treasurer Josh Frydenberg then announced the revised code in December — that will also see monies flowing to the ABC and SBS despite the fact…