Labor must learn from reform lessons of Keating and Kelty

Indonesia Berita Berita

Labor must learn from reform lessons of Keating and Kelty
Indonesia Berita Terbaru,Indonesia Berita utama
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OPINION: Anthony Albanese and Jim Chalmers should pin Tuesday’s column by Chanticleer next to the shaving mirror as a daily reminder of what it takes to achieve the big reforms that change Australia.

The new Labor government must learn from the reform lessons Paul Keating and Bill Kelty set out in their interview withto mark the 30th anniversary of Australia’s compulsory superannuation system. Anthony Albanese and Jim Chalmers should pin Tuesday’s column by our Chanticleer columnist Tony Boyd next to the shaving mirror as a daily reminder of what it takes to achieve the big reforms that change Australia.

Mr Kelty says that making the big changes – such as convincing left-wing unions to back enterprise bargaining – requires a strong philosophy that becomes a “default position” so people know where you are coming from and are trusted rather than liked. Whatever the legitimate criticism of the super system that Mr Keating and Mr Kelty built, it’s a generational reform that has transformed Australia’s capital markets.

Mr Keating says: “My philosophy about labour and capital was that they did not need to be in separate camps – they could be in one camp.” Mr Kelty says they “weren’t out to destroy the bloody capitalist system, we were out to make it work and make it efficient”.

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