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

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

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.

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‘Chilling effect:’ Business heavyweights send an economic warning to Canberra‘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.
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‘Chilling effect:’ Business heavyweights send an economic warning to Canberra‘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.
منبع: theage - 🏆 8. / 77 ادامه مطلب »

Big business faces down Canberra’s ‘insidious’ populist policiesBig 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.
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