Chalmers’ Modern Manifesto Overlooks Every Wisdom of Hawke, and Keating

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Jim Chalmers’ formidable 6000-word treatise seeks to replace the “neoliberalism” associated with a decade of conservative rule in Australia and equip it for the post-pandemic world. 

This new form of ‘values-based capitalism’ will be composed of radically different components, promising an improved future for everyone living there.

The Treasurer’s primary goal was to invalidate the importance of the Hawke-Keating Labor reforms, which liberalised Australia’s protected and overregulated economy; this reform paved the way for today’s national wealth. 

He aims to return to an antiquated model emphasising more government interference and higher taxes but cloaked in a language such as social inclusion, skills training, aged care services, female equality, climate action plans, and corporate investments in social housing.

Dr. Chalmers’ recent contribution to The Monthly fails to consider the value of incentives, enterprising activities, and associated rewards necessary for a productivity resurgence to fund Labor’s ambitious initiatives, reduce pandemic-induced public debt and enable our high-wage economy to remain competitive on a global scale.

They are pursuing an outdated conservative agenda as Labor continues to reregulate the job market and protect the CFMEU. To try and appease corporate Australia, Dr. Chalmers has worked hard to appear non-threatening.

He will aim to draw business into Labor’s new model of social capitalism or face consequences – similar to what we have seen with Australia’s primary gas export industry as its taxes and royalties bring Dr. Chalmer’s budget deficit back into balance.

Dr. Chalmers has accurately identified the policy retreat of the Coalition Governments under Abbott, Turnbull, and Morrison about Australia’s climate wars. The issue was different from that the market-based approach needed replacing by the bigger government; instead, it was a drift away from incentives and pro-market initiatives – which does not constitute neoliberalism.

In his manifesto,he stated “successive leaders failed to find their way conclusively or convincingly past the neoliberalism of the pre-crises period

Despite the Treasurer’s critical words concerning conservative rule supposedly leading to a decrease in wages and public investment, Australia still holds one of the highest minimum wages globally. Our country needs help finding workers and resources to keep up with the massive infrastructural pipeline financed by privatised asset sales from the Coalition government in NSW.

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