The treasurer is proposing a model of capitalism underpinned by social values that are being increasingly demanded of governments and business by the community.
Graeme SamuelBusiness professor and former regulator
Federal Treasurer Jim Chalmers has written a deeply insightful essay in The Monthly. For those interested (or indeed concerned) at the policy implications of the philosophy discussed by Chalmers, I would urge them to read the essay carefully and with an open mind, uncluttered by the commentaries of the past few days.
It would be easy to dismiss Chalmers’ discussion of capitalism as a reversion to an economic model long since discarded. But that would reflect a very superficial reading of its content, and a myopic view of evolving community attitudes, doubtless influenced by an ideological predisposition or bias.
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Graeme Samuel AC is a professor in the Monash Business School, Chair of Airlines for
Australia and New Zealand, and a former chairman of the Australian Competition and Consumer Commission.
