Banana Republic Redux: How Australia is surrendering gains of the reform era | Alex Sanchez
Read here: https://www.cis.org.au/publication/banana-republic-redux-how-australia-is-surrendering-gains-of-the-reform-era/
• Australia is losing the economic gains achieved during the Hawke-Keating reform era of the mid-1980s after the Banana Republic shock comment.
• High taxes and regulations are reducing Australia’s global competitiveness.
• Genuine reform requires reducing government size and fostering market-driven growth.
Also …
• The policies of the past decade are reversing the cost-cutting and economic openness achieved during the reform era.
• Increased regulation and government intervention raise business costs, deterring investment and innovation.
• Higher taxes and expanded public spending fail to address stagnant productivity and economic growth.
• Restoring competitiveness requires deregulation, reducing costs for businesses, and limiting government intervention in the economy.
Read here: https://www.cis.org.au/publication/banana-republic-redux-how-australia-is-surrendering-gains-of-the-reform-era/