For example, unemployment won just snap back to around 5 per cent, industries like education and international tourism won easily reverse their collapse, and failed businesses won suddenly rise again. More importantly, why would we want to go back to what was a weakening economy, with living standards and job security at risk, with a majority struggling, week to week, to meet their costs of living, with flat wages and record household debts? Although it will take time, our governments should seize the moment to think and plan longer term and strategically, to undertake genuine reform. They need to take (say) a view to mid century, clearly specifying the main objectives for the sort of economic, social and environmental structures that is the shape our society that we should strive for, and then go through each major area of public policy attempting to identify deliverable pathways to achieve it.
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