It’s the Coalition, not Labor, who are economic reform laggards
Business people shouldn’t fall for claims that the Liberals are the party of reform and low taxes. History and the government’s own economic forecasts confirm this is wrong.
In a major speech last Thursday, Anthony Albanese set out Labor’s approach to economic reform. Not that you’d know it, for it was overshadowed by a kerfuffle over his lack of recall of the six points of Labor’s policy on the National Disability Insurance Scheme released a fortnight earlier.
To its credit, The Australian Financial Reviewat least reported the speech, even if disparagingly for not setting out a detailed, comprehensive economic reform program. Other media outlets ignored such boring matters as the country’s economic future, engaging in a shriek-a-thon of Walkley award hoping outrage.
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Craig Emerson is managing director of Emerson Economics. He is a distinguished fellow at the ANU, director of the Australian APEC Study Centre at RMIT and adjunct professor at Victoria University’s College of Business.
