Even more prudent would be to demolish the Lnp completely. It's a pox on this nation and well past it's use by.
Professor Ross Garnaut (Economist) explains the opportunity lost and the recent 10 years in economical stagnation. A very enlightening article on what could have been.
In recent weeks, key members of Australia's last generation of true economic reformers have been speaking up with urgency about the poor state of our economy.Professor Ross Garnaut, former Treasury secretary Ken Henry and former competition tsars Allan Fels and Rod Sims have each been in the news lately.All were deeply involved in the reform era of the 1980s and 1990s, when the Hawke and Keating Labor governments restructured Australia's economy to drag it out of a period of stagnation.And now, decades later, they're ringing alarm bells again."Why are you hearing more of these older voices? Because we've just had the worst decade ever for economic performance in Australia's history," Garnaut told me last week."This last decade, starting in 2013, was the first decade in our history where real wages were — on average — lower at the end than at the beginning. You can't find any other 10 years since Federation where that has happened."That's why old people like us feel like we can't keep quiet. It's a catastrophe."
Recovering from our 'lost decade 'In their Press Club address last week, Garnaut and Sims said policymakers could help to transition Australia's economy into an advantageous low-emissions future by placing a "carbon solutions levy" on this country's fossil fuel extraction sites from 2030-31, at the same level as the European Union carbon price (about $90 a tonne of carbon dioxide).The delusion that obscures what's at the heart of all real politicsThe building blocks for a reconstruction of the political debate seem to be there — if there are willing takers who want to flesh out and examine these ideas.Read moreThey said such a levy would initially raise more than $100 billion in revenue a year, declining slowly as fossil fuels exited Australia's economy over time, and that money could be used to underwrite Australia's renewable energy transition while over-compensating households, slashing electricity bills by $440 a year and removing all petrol and diesel excise, and significantly lowering inflation."Our main message today is that export of zero-carbon goods can underpin a long period of high investment, rising productivity, full employment and rising incomes in Australia," Garnaut told the audience."The superpower transformation can put us back on a path to higher productivity and living standards after a lost decade."
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