Letters to the editor: Government spending; reforming the ASX; the gas industry and the price of coffee.

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Readers’ letters on government spending; reforming the ASX; the gas industry and the price of coffee.

) makes an important observation: next year, federal spending as a percentage of gross domestic product will increase to its highest level, pandemic spending aside, since the 1980s.

The current policy is unlikely to achieve its emissions-reduction targets and community resistance to wind and solar farms and transmission wires and the declining social licence for the policy is driving up cost increases.At least in the mid-1980s the Hawke government had a clear vision to prepare the Australian economy for international competition and the challenges of globalisation.

First is the need for a division of corporate powers to introduce checks and balances to avoid directors obtaining absolute power to identify and manage their own conflicts of interests that can corrupt absolutely themselves, their business and society.Second, corporate stakeholders – on whom any business is dependent upon for their existence – obtain independent voices to advise management on how to protect and promote their mutual wellbeing with shareholders.

I completed an excellent AICD company directors’ course 20 years ago. Much has changed since. Now the AICD by inference uses fear and the spectre of risk to target the NFP sector: “Do our courses – or risk jail.”Oh, really? When was the last time a director of a charity went to jail? I can’t think of any.

Many charities had their genesis within a “community of interest” – people who were united in their passion for taking risks for those whose lives were at risk. Similar to this ambitious endeavour, is it too late to tap into Gippsland’s vast brown coal resources for gas production for domestic and potentially export markets?Is it truly necessary for our beloved coffee shops to charge a staggering $4.50 or more for a shot of espresso?

 

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