Julia Gillard’s economic reform a bit hard to believe

Gillard’s history of back-flips and economic waste highlights the Government’s mismanagement.

As a Rudd government minister, Gillard wound back market-based industrial relations reforms — not just Work Choices but reforms from the Coalition’s 1997 IR package negotiated with the Democrats, as well as IR reforms from Keating’s time as prime minister. I am not even going to detail the non-market-driven nature of the National Broadband Network.

The $43 billion rollout is government-funded and even the $17bn of private sector investment we are told is coming won’t be a genuine partnership (if it happens). The private sector is buying debt in the shape of government bonds, which means it doesn’t share the risk of the NBN, as would be the case in a fully fledged public-private partnership.

Read the rest here: Julia Gillard’s economic reform a bit hard to believe | The Australian.

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