The Liberal Party of Australia believes in more freedom. Sounds good. Beats slavery — for the slaves. But what does it mean? What does it lead to?
These questions are not answered by the Liberals. I suspect there is no answer because they haven’t thought it through.
You will see some indications in the form of less red tape, less regulation, for business. This will lead to lower costs for business, which will lead to lower prices and/or higher wages. Yes? No. In the Liberal’s world it will lead to increased profit margins and higher returns for shareholders. It won’t lead to lower costs or higher wages — inflation will control those items regardless.
The Institute of Public Affairs (IPA), the Liberals’ policy formation unit, has a 100-item list to reform Australia. One of those items calls for a “one in, one out” rule for government regulations. The former Liberal…
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