‘When are we going to click?’
FORMER prime minister Paul Keating has issued a grim warning that Australia is running the risk of losing lucrative deals from China and failing to capitalise on the global digital age.
The former treasurer delivered a powerful attack on policymakers during a speech last night at the Committee for the Economic Development of Australia annual dinner address last night where he criticised modern politicians for lacking imagination and refusing to reform outdated digital policies.
He called for a “a new golden age” of reform similar to the overhauls created in the ’80s and ’90s and urged policy makers to strengthen bonds with Asia.
“Changes on a canvas of this kind are not going to drop from any department. You will not find them falling from a Treasury printer. Because of their essence, they require imagination, the principal tool that was employed in underwriting the ’80s and ’90s changes,” he said. “Digital business models are reshaping entire industries. Which the technology facilitates to make it faster and at lower prices.”
The former Labor leader said leaders needed to think forward to bring Australians fully into the digital age.