Banana Republic Redux: How Australia is surrendering gains of the reform era | Alex SanchezRead here: https://www.cis.org.au/publication/banana-republic-redux-how-australia-is-surrendering-gains-of-the-reform-era/Key points• Australia is losing the economic gains achieved during the Hawke-Keating reform era of the mid-1980s after the Banana Republic shock comment.• High taxes and regulations are reducing Australia’s global competitiveness.• Genuine reform requires reducing government size and fostering market-driven growth.Also …• The policies of the past decade are reversing the cost-cutting and economic openness achieved during the reform era.• Increased regulation and government intervention raise business costs, deterring investment and innovation.• Higher taxes and expanded public spending fail to address stagnant productivity and economic growth.• Restoring competitiveness requires deregulation, reducing costs for businesses, and limiting government intervention in the economy.Read here: https://www.cis.org.au/publication/banana-republic-redux-how-australia-is-surrendering-gains-of-the-reform-era/