Plant-based bubble bursts
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird Ventures, and its products are no longer available in supermarkets.
The Productivity Commission, which gets $6m in state funding annually, was given its marching orders by the new Government. In total 22 staff, including four commissioners, are out of work. Milking It reckons it’s unlikely anyone else will notice the difference when it closes.
Thirteen years ago, ACT helped give birth to the Commission. Now David Seymour says it’s time to “stop giving around $6 million a year to the Productivity Commission to produce more reports”.
That money would instead be used to set up a Ministry of Regulation to be headed by Seymour. Hopefully, taxpayers will see some real changes now.
