Full Story Newsroom edition: why is Jim Chalmers listening to Ezra Klein?
Jul 17, 2025
A must-read book in Canberra is 'Abundance' by Ezra Klein, praised by Treasurer Jim Chalmers. It sparks excitement among Labor MPs, stirring debates about pro-business principles amidst global challenges. Discussions focus on the balance between reducing and maintaining regulations for innovation while tackling infrastructure needs. The push for clean energy reforms faces public resistance and practical hurdles. In a lighter twist, there’s also talk about the MAGA community's internal clashes and a Melbourne artist's inspiring miniature creations.
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Abundance Urges Cutting Red Tape
- The book Abundance urges cutting regulations that block construction and innovation to enable governments to build more infrastructure and houses.
- This aims to restore public faith in politics by improving government effectiveness in delivering tangible projects.
Environmental Laws Clash With Development
- Australia's extinction crisis complicates balancing development and environmental protections.
- Abundance agenda clashes politically with stakeholders resistant to changing nature laws.
Inequality Harms Economic Productivity
- Inequality slows economic growth by reducing middle-class purchasing power and increasing social problems.
- Addressing poverty and inequality should be part of productivity discussions for better outcomes.
