Sack Danielle Wood to lift productivity

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Here is the PC’s recipe to lift Aussie living standards.

There is nothing, and I mean NOTHING, on that list to move the needle on productivity.

It is all microeconomic waffle that is already underway or useless.

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Here’s what you do instead.

  • Slash immigration to zero to force up wages, investment, and debottleneck infrastructure plus tertiary.
  • Smash the East Coast gas cartel to crater energy prices for industrial renaissance and household costs.
  • Give the ACCC teeth to break up oligopolies.
  • End the Boomer tax rorts on housing and super to make more capital available for productive use.
  • Hugely increase mining taxes and slash everybody else’s.

Voila! Productivity and income will boom as productive private sector investment takes over from public unproductive public sector investment that is stuck on a rat wheel of crunch-loaded infrastructure.

Danielle Wood is all tea biscuits when we need an intellectual bulldozer to fix productivity.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.