Treasurer Jim Chalmers has unveiled a grand vision to revamp the nation’s long-standing market-based economic model, attacking “neoliberalism” and urging business to co-invest with government to deliver “values-based capitalism”.
Dr Chalmers criticised the free market economic ideology pursued by political conservatives and the “negative form of supply-side economics” prescribed by traditional economic institutions, including the International Monetary Fund and World Bank.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
