Search

Fiscal prudence still important

Kevin Rudd is becoming dangerously profligate in his economic policies.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Comments

Fremantle
I agree all spending should be targeted and be tethered to fiscal responsibility and awareness that it is the taxpayers money and to be used for the benefit ultimately for the populations welfare and protection. At a time of both recession and climate change impacts great care must be taken to instill not just short term rampant comsumerism but investments in projects not just individuals. Inherently though most companies during recession do not spend and indeed try to curb their \\\\\\\'profiligate\\\\\\\' ways or overspends leaving social,cultural,welfare,infrastructure gaps and debts to be taken care of by the public purse somehow.Cutbacks in business tend to usually be in the safety and training investment or soft skills areas habitually /reactionarily and or any community programs. Of course we also hear the too common general excuse of having to cut all staffing...(not too many place sustainability and people above moderation of profits-of course if they exist) as a solution to bad and unsustainable management and market monitoring. Whats seems to be lacking is a co operative and entrepreneurial attitude between all stakeholders in our economy( during tough times especially)...i.e. community resources(which companies consider their own assets at times)business partners /investors and shareholders and the various levels of government.The common good and social & environmental responsibilities are being ignored in the bad times. We need all to provide and create sustained and moderated economic stimulus and wellbeing. Leaving all to the magic hands of capitalism in the good times has built the illusion that we can live beyond our means and buy time and security beyond logical and sustainable limits.This is a learning curve and may help us start to rebuild a collaborative culture that acknowledges the same lesson that biodiversity and ecosytems understandings teach us...that we are all linked and have impacts if we do not sustain and achieve some sense of balance and accountability.If we dont the system will collapse. Investment for long term is one of the keys along with creative and innovative/courageous thought and actions in the marketplace.Vision is what is required beyond just small minded and scaled point scoring defending outmoded perceptions of capitalism and the market economy. As small scale examples of partnering organisations ABAF \\\\\\\'Australian Business Arts Foundation and CANWA(Community Arts Network Western Australia) are one or two amongst many,many examples in the arts and culture area that could be adapted far more .There are many other examples of this of this potential of course.More broad based and diverse solutions /industries is what is required and equating social/environmental health with societal/environmental wealth.As a countries we have many resources squandered and mismanaged.In intiatives such as the Carbon Pollution Reduction Scheme (CPRS) we may see the seeds of this diversification and more socially responsive growth.http://www.abc.net.au/news/stories/2009/04/03/2533974.htm.we will have to wait and see. We need to push the reset button I think.

Add your comment

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University17,883
8th↓South Regional TAFE10,835
9th-Central Regional TAFE10,000
10th-Training Course Experts10,000
50 tertiary education & training providers ranked by total number of students in WA

BNiQ Disclaimer