Aus Election 2025: Après Landslide, Le Deluge?

If Australians want to sustain their "care economy", better get busy building some new value creators

How do you turn a public-sector dependent, low tech, low productivity and inward-looking nation like Australia into an entrepreneurial, globally competitive and technologically savvy one that is fit for purpose in the next phase of a turbulent 21^st century?

With great difficulty, disruption and/or necessity born out of crisis. That’s the short answer.

It is especially the case after the nation’s voters overwhelmingly chose to re-elect a Labor government that campaigned on a big government, big spending care economy agenda. 100 per cent of Australia’s GDP growth last year was driven by government spending.

But reversing Australia’s declining productivity and narrow industrial base is both challenge and the new rhetoric of a second term Labor Government, at least according to Federal Treasurer Jim Chalmers.

“This is an ambitious government … Our agenda is rea…