The New Daily asked me to write a bit on the question “What should/will the post-coronavirus economy look like?
Here’s what I sent
The Covid crisis has demonstrated the inadequacy of crucial aspects of our social and economic system, particularly relating to employment and unemployment. Before the resurgence of neoliberalism in the 1970s, Australian governments accepted responsibility for maintaining full employment, and provided support for all those unable to engage in paid work, whether through age, disability or unemployment on an equal basis. The full employment goal was not always achieved, but it remained central to public policy.
Over the period since the 1970s, government has passed the responsibility for economic management to the Reserve Bank and required aRead More »