Episode 70: The Public Interest Economy by Bronwyn Kelly (Chapter 4 - Parts 11 and 12)

Episode 70: Bronwyn Kelly reads Parts 11 and 12 of Chapter 4 of her latest book, The Public Interest Economy: the path to wellbeing, security and sustainable consumption in a democratised Australian economy.Chapter 4 is about how to arrange Australia’s economy in the public interest. More specifically, it’s about how Australians can take an influential role in this by using National Integrated Planning & Reporting – National IP&R – to build a long term plan for economic and resource sustainability.In Parts 1 to 5 of the chapter, Bronwyn spoke about how Australians can enter into orderly conversations in the National IP&R process that will allow them to help governments get public spending right.In Parts 6 to 8, she showed how they can do the same to get tax right.In Parts 9 and 10, she showed how we can use these conversations to establish full employment in a non-inflationary environment. This will involve building a national wellbeing industries full employment plan.In these final sections she shows how Australians can integrate long term national financial planning with the federal annual budget setting process so that we can escape economic recessions, including both those brought on by domestic and global market failures. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bronwynkelly.substack.com