Will Australia Become the Next Venezuela or Will the Magic of the Market Prevail
Commentary
Energy policy is looming as a fracture point in Australia’s political discourse.
At the next election, Australians will have a clear choice between the philosophies of “magic pudding economics” and “the magic of the market.” The path Australians take will determine their long-term well-being.
Energy supply and cost are key indicators of the sophistication, well-being, and wealth of a society. That is why energy policy is so important. It makes or breaks an economy and the overall well-being of the people.
Today, Australia is locked into an internal debate over the future direction of energy policy. Is the answer government intervention or the “magic of the marketplace?”…