Productivity summit will fail if ideology runs the day
The danger of forming blocs at the roundtable is that it fosters an echo-chamber mentality and is more likely to pit big business and big unions against each other.
The Productivity Commission has pulled back the curtain on its analysis of the nation’s persistent economic woes to confirm what has been glaringly evident for years: Australia’s economic engine – productivity growth – is sputtering.
Chairman Danielle Wood’s overview paper entitled Growth mindset: how to boost Australia’s productivity recommends that the Albanese government overhaul company tax to bolster non-mining business investment, speed up planning approvals for infrastructure and energy projects and embrace artificial intelligence to lift the economy out of stagnation.
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
