Economist Chris Richardson told
Inquirer when asked about next week’s budget: “I go immediately to Elvis: a little
less conversation, a little more action, please.”
We have a federal government attempting to address many significant
issues but with a very limited mandate due to the gaming tactics used in extracting
an electoral victory from a public who distrusts the political class.
The government needs to spell out the gravity of the gap
between public expenditure expectations and revenue streams – and establish a
citizen’s assembly to build a legitimate public mandate for the needed changes
in expenditure and revenue raising.
Non-Executive Director Arlene Tansey in conversation with Jason Betts of Herbert Smith Freehills on class actions, ESG, innovation and entrepreneurship. Their discussion covers how listed entities approach corporate governance, the changing risk environment from the re-emergence of royal commissions to continued growth in class actions, increasingly proactive corporate regulators, and corporate governance risk in an environment of increased shareholder activism.Watchhttps://youtu.be/WcqOp_d6jTw?t=3
The Treasurer is working to construct a responsible budget for
Australia, and he is faced with spending expectations far beyond the capacity of revenue streams.
As with other complex problems governments face in this
country, Jim Chalmers is hamstrung by political dogma and fear of the electorate's
He is calling for a “conversation” on the problem. What does
he mean by a “conversation”? If the “conversation” is just another government-structured
series of focus groups or another summit of selected community leaders, he will
fail to win over a distrusting public. Engage public wisdom and goodwill through a citizen’s jury!