Chalmers’ new economic model means more market intervention

Treasurer Jim Chalmers has laid bare his philosophy to build a new economic model for Australia under the Albanese government.

The treasurer argues that going back to the “old” capitalist economic model won’t deliver prosperity for Australians after a decade of sluggish real wage growth.Advertisement Facing a constrained budget, he urges business and investors – such as superannuation funds – to work with Labor to help fund the government’s policies on the clean energy transition, boosting affordable housing and the “social purpose” areas of aged care, education and disability.

Yet, there is enough of a hint about “budget pressures” to suggest tax breaks will come under scrutiny ahead of the May budget to help pay for Labor’s social spending priorities.

Why am I not surprised. Albo is running one of the most left wing governments we have seen in Australia. Chalmers will be using tax payers funds to prop up dodgy iniriatives regarding renewable energy, electric cars, education and health. It's going to be a horror story.

Chambers is describing socialism. A government controlled market rather than a free market. Doomed to fail as it has everywhere else it’s been tried. Everyday Australians will lose everything.

LOL Half Capitalism, Half Chipmunk makes sense. My memory fails me did Labor promise a Marxist Stalinist Socialist controlled economy along with reduced energy prices and rise in real incomes prior to the election? OZ needs a review organisation to check political parties lying

Needs to keep away from Paul Keating, and the recession we had to have. It all feels very 1980s to me.

Just say it plainly. He wants Socialism

Labor = ACP Australian Communist Party This is madness. They have no mandate to do any of this. They are making stuff up on the run.

Did he tell us this before the election?

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Senex pulls $200m equipment order in gas investment freezeGas producers’ warnings that the market intervention would stymie investment have moved beyond threats as projects in Queensland and Victoria are put on ice. Gas producers have a thick hide. They got a dream deal from John Howard and now they try to hold us to ransom when the government pulls them into line. we do not want more gas The fracking is toxic and the wells would leak methane Good. If private enterprise can’t or won’t invest, nationalise the industry so the government can get on and do only the transition gas that’s required.
Source: FinancialReview - 🏆 2. / 90 Read more »

Senex pulls $200m equipment order in gas investment freezeGas producers’ warnings that the market intervention would stymie investment have moved beyond threats as projects in Queensland and Victoria are put on ice. Gas producers have a thick hide. They got a dream deal from John Howard and now they try to hold us to ransom when the government pulls them into line. we do not want more gas The fracking is toxic and the wells would leak methane Good. If private enterprise can’t or won’t invest, nationalise the industry so the government can get on and do only the transition gas that’s required.
Source: FinancialReview - 🏆 2. / 90 Read more »