and said “investors should pay attention” to the “new era of values-based capitalism”.
Dr Chalmers sought to reassure corporates that he wanted a “powerful role for business in the new economy”, in a follow-up opinion article written for The Australian Financial Review.In light of the essay, Mr Mott said banks “will not be immune” from the government’s agenda and their returns could come “under threat” from new regulation as interest rates rose and borrowers defaulted on loans.
“And that we give ourselves a much better chance of prosperity and success if the private and public sectors work together – not at cross-purposes – to create national wealth and generate more opportunities for more people.Aaron Francis “Government has a leadership role to play but that doesn’t mean picking winners – it’s about finding the priorities and opportunities that capital can respond to, in ways that align our economic and national objectives.“And it’s about recognising the power of market-based discipline to help deliver social outcomes – moving away from the ‘spray and pray approach’ and towards investing with purpose.
Better than the last few bumbling treasures.
Gomer on L Plates🙄
More like Treasurer Jim Chalmer’s subterfuge to remake capitalism signal a ‘megalomaniac’s delusional lust for power and control’
Him and Stephen Jones are a disgrace
How could Jimmy be more interventionist than Lnp RBA Treasury Finance Immigration & many others have colluded to distort the economy to print debt Debt to all Renters house & commercial Mortgage holders RBA fixed rates gov increased demand in immigration Bet economy on the house
Because the government solves everything
Whats this values crap. Balance the budget and meet our needs, then wants... omg..this is our Treasurer God help us
That's right socialism.
Australia is far worse since Labor took over and they’re hell bent on sending us down the global socialist pathway to misery. Anyone who owns anything will be forced to give it all up to those who choose to do $hit all!
Does not have the nouse. This is an approach really to get round any budget criticisms for overspending. It's more enjoy now pay later, 'we are looking after your feelings, it's more important than the bank balance' Ardens style.
Forget about this ludicrous idea. The horror track record of all levels of government over the last decade precludes intervention.
GOOD!
Keating Swan and now Chalmers, treasurers of vision and quality. All grew up without a silver spoon.
Time to get out of the ASX. 🤠
Settle, petal.
No one voted for this. If this was detailed before the election Labor would never have been elected.
Good
Only in the short term however overwhelmingly returns will increase in the long term due to sustainable and stable productivity unlike the high frequency unsustainable and unstable peaks and crashes that require socially funded bailouts every 4 to 7 years that we have now.
A Labor socialist utopia does not exist, why break a functioning system?
Sounds ominous