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 Posted: Mon 20:39, 19 Aug 2013 Post subject: Killing the goose that creates wealth |
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Killing the goose that creates wealth,[link widoczny dla zalogowanych]
But nothing can be taken for granted.
A warning this week from BHP Billiton's Jac Nasser is timely. As the chairman of one of the world's biggest companies, in a sector which requires colossal timeframes and huge investments to survive and grow,[link widoczny dla zalogowanych], he knows a thing or two about this process.
He believes the Fair Work Act has effectively swung the industrial relations pendulum too far towards unions since the excesses of John Howard's WorkChoices.
He also believes recent attacks on the wealthy by the Government have the potential to damage confidence, and ultimately to send capital, and therefore jobs, elsewhere.
Labor's Fair Work Act is currently under review, yet few close to the process expect much to change.
While employers have serious problems with the reinstatement of labour market rigidities enshrined in the Act, including the return of unions to workplace dealmaking, Canberra has made clear that changes to the Act will be relatively minimal.
This is regrettable and reflects a lamentable lack of understanding of the wellsprings of our current success. The Gillard Government has been only too willing to claim credit for the creation of hundreds of thousands of jobs since it came to power.
Yet in reality, these jobs were overwhelmingly created by private capital businesses putting capital at risk in order to grow and therefore employ more people.
There is a palpable sense in Australia of a government desperate to save itself by fanning the flames of partisan division.
Last week's Budget, in which promised company tax cuts were simply dropped and handed to "working families" as grants,[link widoczny dla zalogowanych], suggests Labor has turned a corner toward naked votebuying. This antibusiness sentiment is shortterm politics at its worst.
It ignores the fact that prosperity and wealth cannot be endlessly redistributed,[link widoczny dla zalogowanych]. Wealth must first be created,[link widoczny dla zalogowanych]. Merely helping the less welloff by handing them other people's money inevitably results in that money drying up as investors go elsewhere.
Australia should not succumb to the temptation of demonising the wealthy such as mining magnates to curry favour with those who have less.
A STEP IN THE RIGHT DIRECTION
TODAY our footpaths should be flooded with children making their way to school.
Walk Safely to School Day sets a goal that for just one day a year our children abandon cars and buses, and make their way to their classrooms on foot.
It's a message aimed at promoting road safety as well as encouraging parents to incorporate daily exercise into their children's lives,[link widoczny dla zalogowanych].
In an era when parents are ever vigilant of their children's safety and protection, an important part of growing up seems to have been lost: when kids could roam the streets for hours, or take off on their bikes and at the same time get beneficial exercise.
The safety of our children must also embrace their physical health.
We live in the shadow of a global obesity epidemic that health experts warn could mean for the first time in generations some children won't outlive their parents.
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