Cost of living crisis revisited

Australia’s cost-of-living crisis demands a variety of responses by government.

Some problems - such as the cost of petrol - are embedded structurally now in the world economy. Only investment in alternatives will ease demand for oil. But tax and welfare reform, and reform of industrial relations - can spread the burden more fairly.

Meanwhile, investment in public housing stock could increase supply, bringing housing back within reach of ordinary Australian families, and also for the poor and vulnerable.

A revolution in transport infrastructure, and in the adoption of hybrid and electric vehicle technology - can provide better value and efficiency even while reducing greenhouse gas emissions.

Finally, abandoning “Public Private Partnerships”, and turning to public debt financing and provision of infrastructure, can provide better value and fairness for consumers and taxpayers. This, in turn, would impact positively upon the cost-of-living.

We are not helpless in the face of the cost-of-living crisis. But times such as these demand decisive action by government. Let’s make our voices heard: it’s time for action - now.