Business as usual
Despite talk of a realignment in the relationship between business and politics, we are headed for a conventional election debate on the role of government in the economy.
For much of this parliamentary term, Australian politics has felt like Bizarro World for business.
Prime Minister Anthony Albanese has often been accused of being too close to the corporate sector, while the Peter Dutton-led opposition has been criticised for floating all kinds of government interventions such as forced divestiture powers.
This week, however, the battlelines are returning to more familiar territory as we head into the next election, due by May next year.
In a keynote address at FinTech Australia’s Intersekt Festival — provided exclusively to Capital Brief — Opposition treasury spokesman Angus Taylor hit out at the government for its level of spending, arguing that public sector growth cannot prop up the economy. “It is not a pathway to prosperity because eventually the snake will eat its own tail,” Taylor said.
