6,000 words but silent on falling real wages: what Chalmers got wrong on 'values-based capitalism' and fixing our economic woes
- Written by John Quiggin, Professor, School of Economics, The University of Queensland
Schwartz MediaFederal Treasurer Jim Chalmers’ recent essay in The Monthly, “Capitalism after the crises”, tells us a lot about economic predicament faced by the Albanese government and governments around the world.
Arguably, the reaction to the essay tells us even more.
The essay reflects two unpalatable facts. The first is that...