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Jim Chalmers

There’s a powerful role for business in the new economy

This new model for capitalism isn’t a rejection of the Hawke-Keating period but an embrace of its underlying motivations.

As treasurer, I spend a lot of time in the boardrooms of Australia with corporate leaders and investors who share my optimism about the future of our economy and our country – even as we confront together what many expect to be a challenging year around the world.

Like them, I believe business has an indispensable role to play in strengthening not just our economy but our society. And that we give ourselves a much better chance of prosperity and success if the private and public sectors work together, rather than at cross-purposes, to create national wealth and generate more opportunities for more people.

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Jim Chalmers is the federal treasurer.

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    Original URL: https://www.afr.com/policy/economy/there-s-a-powerful-role-for-business-in-the-new-economy-20230130-p5cge1