that Jennifer Westacott, Business Council chief executive, was welcoming the then-opposition leader’s “embrace of free market economics as a critical component of a healthy country”.“I think what is good about Mr Albanese is he understands the fundamentals,” she said.
More than a decade has passed since the last time sovereign risk was seriously talked about, and Kevin Rudd’s resource super profits tax was nowhere near as bad as Anthony Albanese’s energy price relief plan.Some would say Labor has form – but the point is, Albanese promised to be a different kind of ALP leader, and corporate Australia has discovered that he’s not.on Thursday.
And that’s not to blame the public. The truth is that the constituency for free markets is shrinking by the day, a trend exacerbated by the last two years of government control of every aspect of the lives of the country’s population.It’s a little simple, but not entirely wrong to say that when business stops advocating for and explaining the benefits of competition and free markets and the danger of government regulation, policies such as the energy price relief plan are the result.
To your average, Greens-voting, 35-year-old corporate social responsibility manager or environmental, social and governance adviser in member companies of the Business Council of Australia, a term such as “the free market” would sound quite old fashioned, if not worse.
Labor don’t now or have ever believed in the free market enterprise
Corporations have had the complete advantage with promises of 'free market' economics being more cashflow for domestic Government/people - this hasn't occurred and has been manipulated by corporations to the point where they pay no or little tax.
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Source: FinancialReview - 🏆 2. / 90 Read more »