One year ago today, we hit the go button on Capital Brief. An exclusive interview with Treasurer Jim Chalmers about his vision for Australia’s economic future led our website and inaugural Edition newsletter.
“If you think about that 30 years of prosperity, the uninterrupted economic expansion we had up until Covid,” Chalmers told economics correspondent Jennifer Duke, “we have to recognise that the things that gave us that 30 years is going to be different to the things that give us this 30 years. It's going to be energy, it's going to be the care economy, it's going to be how we adapt and adopt technology, including AI.”
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A few months after that interview, the government announced a string of big spending, future facing initiatives branded as the $22.7 billion Future Made in Australia Act. It earmarked nearly $1 billion for onshore solar panel manufacturing and almost as much for an investment in a quantum computing startup. It has also set aside huge sums of money for the net zero transition.
And its fortunes at the polls, particularly on the economy, have only deteriorated since then.