‘Chilling effect:’ Business heavyweights send an economic warning to Canberra

Business heavyweights have sounded a warning about the economic dangers of populism, saying it threatens to corrode trust in key institutions and make it harder to achieve much-needed policy reforms.

Commonwealth Bank chief executive Matt Comyn, who in August attacked a Greens’ policy on tax as “insidious populism,” warned that a weakening in the quality of public debate could ultimately have a “chilling” effect on the economy by eroding trust in institutions. “I think there’s always room for a robust but civil debate and I think we’ve certainly seen examples of that, but we’ve certainly seen some examples of perhaps less fact-based debates and discussion,” Comyn told this masthead as he arrived at the BCA event.“I think if the quality of the debate and discussion erodes, it has a chilling effect on the economy, and I think, in trust and confidence in institutions of all types, over time.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

‘Chilling effect:’ Business heavyweights send an economic warning to CanberraBusiness titans said the rising populist tone in public debate is a danger to the economy as they faced Prime Minister Anthony Albanese at a high-powered event on Tuesday night.
Sumber: brisbanetimes - 🏆 13. / 67 Baca lebih lajut »

‘Chilling effect:’ Business heavyweights send an economic warning to CanberraBusiness titans said the rising populist tone in public debate is a danger to the economy as they faced Prime Minister Anthony Albanese at a high-powered event on Tuesday night.
Sumber: theage - 🏆 8. / 77 Baca lebih lajut »

Big business faces down Canberra’s ‘insidious’ populist policiesCommonwealth Bank chief Matt Comyn has warned “performative” attacks is eroding trust, highlighting the rising tensions between MPs and corporate Australia.
Sumber: FinancialReview - 🏆 2. / 90 Baca lebih lajut »