OPINION: What’s the problem with the treasurer’s new economic model? Much of the business community and the media are sceptical of Labor’s answers.
bluntly accused Chalmers of trying to discredit the modern relevance of the Hawke-Keating Labor reform era while harking back to an essentially old model of more government intervention and higher taxes camouflaged in contemporary language.with yet another opinion piece, suggesting the main conclusions of his essay had been “wrongly caricatured, deliberately ignored or completely missed”.
The irony is the great Labor reformers of the 1980s and 1990s sound more radical in their reform ambitions today than Chalmers’ version. And despite Chalmers’ aims of creating a “better capitalism, uniquely Australian”, support for a greater role for government fits the international backlash against decades of globalisation and free markets. For now, this pendulum is still in the political ascendancy in Europe and the US.
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