How Australia Lost Its Economic Edge & Why It May Never Recover | Michael Stutchbury

Australia’s economy is slowing. Productivity has flatlined, debt is soaring, and growth has frozen. What caused one of the world’s strongest economies to stall and how can we fix Australia’s productivity crisis? Not long ago, Australia sat comfortably in the global top tier. Our per-capita income was higher than the United Kingdom’s, Germany’s, Sweden’s and even Japan’s. We’d dodged the Global Financial Crisis. We’d enjoyed more than two decades without a recession. But that momentum has vanished. Productivity is stuck at 2016 levels, household incomes are falling, and public debt is soaring. What can be done? 🎧Listen to the Stutchbury Sessions Podcast here: https://thestutchburysessions.podbean.com/ 👉 Read our latest productivity papers: 🔹CORE Blueprint to Unshackle Productivity: https://www.cis.org.au/publication/addressing-australias-productivity-problem-core-blueprint-to-unshackle-productivity/ 🔹Australia’s Growth Slump Is Undermining Prosperity: https://www.cis.org.au/publication/the-productivity-problem-australias-growth-slump-is-undermining-prosperity/ 🔹Submission to Economic Reform Roundtable: https://www.cis.org.au/publication/our-prosperity-is-slipping-away-submission-to-economic-reform-roundtable/ 👉 Help Solve Australia's Productivity Problem: 🔹 Become a member: https://www.cis.org.au/membership-2-step-1/ 🔹 Make a donation: https://www.cis.org.au/support/donate/today/ 🔹 Learn more: https://www.cis.org.au/ ______________________________________________________________________________________________ CIS promotes free choice and individual liberty and the open exchange of ideas. CIS encourages debate among leading academics, politicians, media and the public. We aim to make sure good policy ideas are heard and seriously considered so that Australia can prosper. Follow CIS on our Socials; Twitter - https://twitter.com/CISOZ Facebook - https://www.facebook.com/CentreIndependentStudies/ Linkedin - https://www.linkedin.com/company/the-centre-for-independent-studies/ Telegram - https://t.me/centreforindependentstudies 📖 Read more from CIS here: https://www.cis.org.au/ 💬 Join in the conversation in the comments. 👍 Like this video if you enjoyed it and want to see more, it really helps us out! 🔔 Subscribe to our channel and click the bell to watch our videos first: https://www.youtube.com/channel/UC5c-JkKHb0YxFZ81XBtFCmw?sub_confirmation=1 ⏲️ Missed this event live? Subscribe to CIS to be up to date with all our events: https://www.cis.org.au/subscribe/ 📝 Subscribe to CIS mailing list- https://www.cis.org.au/subscribe/ 💳 Support us with a tax-deductible donation at - https://www.cis.org.au/support/