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clock Created with Sketch. 30/04/15
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Some salient points int this article
the mining boom is over;
after a twenty year bull run, Australia must make a structural adjustment to preserve its amazing gains;
the primary adjustment required is that we need to improve our competitiveness. After successive booms we are very expensive on all fronts and priced out of many markets;
that repair is a national priority and must be engineered via shared and commensurate sacrifice;
the three major goals are to dramatically lift both labour and capital productivity, to lower the Australian dollar and to rebuild non-mining exports;
if we act together then our prosperity can be preserved and then grown. If not, standards of living will fall.
Any number of policies can be enacted under this narrative:
land reform to improve housing and land affordability;
macroprudential and capital controls for the same reason;
infrastructure development and Budget repair around better directed spending, and
tax, innovation, competition, Federation reform etc.
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http://www.macrobusiness.com.au/2015/04/save-australia/
