Let’s start the parade of bad ideas with Gottiboff:
- Our largest state, NSW is the country’s engine room, but it has a crazy property development approval system designed to create uncertainty and boost costs.
- Victoria has a deep energy crisis that makes both consumers and business nervous. Victoria creates an artificial gas shortage by banning access to its immense gas reserves.
- We are not attacking the carbon problem intelligently. States erect wind and solar platforms without investing in the grid changes required…Its chaos and it pushes up energy prices and slashes business investment.
- Credit growth is now at a very low rate…related to the attacks on our banking system.
- The Reserve Bank and the market analysts are all classical economists who were taught that lowering interest rates…it forces retirees and pending retirees plus many younger people to save more.
- Employment-creating small and medium business is increasingly about supply chains…The only action that will work involves banning slow payers from government contracts. On a similar tack, large organisations send out millions of unfair contracts each year whereby the large organisation can change the terms of the contract, but small enterprises have no such power. This curbs small enterprise employment financing and investment.
- WA struggles because it does not receive its fair share of GST money.
- business…hear negativity all around them (especially via the media) and sense a lack of confidence which affects their willingness to expand.
A few of the micro-economic suggestions might help but it’s basically deck chairs on the Titanic or are just delusional.
