In our tinderbox of a world, defence and climate security are both essential for our future, with a lack of the latter potentially being the proverbial match that sets the entire thing ablaze.
Tax cut changes are just more tinkering and not real reform; the likely changes do not fix the underlying cost-of-living crisis.
Australia has a proud history of economic reform, but more recently political ‘short term-ism’ has driven short term policy making.
With a fragile economy and productivity growth at a 60-year low, there is growing recognition of the risks to Australia’s prosperity from the lack of reform over the past decade or more.
Interest rate increases by the RBA over the past year or so have been mostly ineffective in addressing the main cause of inflation.
Call it Lucky Country syndrome, but Australia is acting as if ‘green energy superpower’ status will fall in our laps, when in fact we are falling behind other nations.
This month’s IPCC report ups the ante for Australian business, particularly our boards, to make climate governance a priority, quickly.
We estimate around 240,000 businesses in hospitality, professional services, and transport are at high risk of failure come September.
Original URL: https://www.theaustralian.com.au/author/pradeep-philip