But despite all of this welcome debate, the main conclusions of the essay were either wrongly caricatured, deliberately ignored or completely missed.As the essay makes clear, I see well-designed and well-informed markets as a powerful and positive tool, capable of efficiently and effectively allocating resources to deliver private and public value.
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. Envisaging a powerful and legitimate role for business puts my thinking in concert, not conflict, withIn fact, much of it comes from conversations with Paul Keating himself, someone whose counsel and friendship I cherish.Mine is not a rejection of that period but an embrace of its underlying motivations – looking forwards to the future, upwards to economic and social mobility and aspiration, and outwards to the world.
The respectful engagement I maintain with the business community, even as we grapple with difficult policy choices, is a reflection of my faith in the private sector and its leaders, working with government where that’s appropriate and of mutual benefit.was a product of countless discussions with the business community about the bigger and better-trained workforce they need to address the skills and labour shortages which are holding employers and our economy back.
Banking 99 per cent of the upward revision to revenue over the next two years was recognition of the point made repeatedly and convincingly on these pages that the profligacy of the last decade has not delivered value for money, just as that
Wish I could access the Treasurer's more in-depth piece about our economy featured in 'The Monthly' but I can't afford to get past the paywall to hear the details about how this elected representative wants to 'remake' capitalism