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Former Treasury head, and current Secretary of the Department of Prime Minister and Cabinet, Dr Martin Parkinson delivered a speech Tuesday night at the Institute of Public Administration Australia’s annual address to the public service, which contained the below nugget:
In many developed economies, inequality has risen and the public feels as though the social compact is broken, leading to a backlash against free trade, globalisation, and immigration.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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