by Patrick Byrne and Brendan RodwayNews Weekly
Introduction: AUSTRALIA: THE WAY AHEAD
, June 13, 1998
The Special Edition of Newsweekly has been written by Pat Byrne and Brendan Rodway. It is written against the background of a decade and a half of economic rationalist policies eroding the productive heart of Australia and bringing us close to 'banana republic' status.
It is the product of years of research and writing by the late Mr Bob Santamaria and his staff.
So serious are the economic problems facing Australia that the economic sovereignty and social fabric of the once Lucky Country are now at stake. This was the warning of one of the worlds leading economic magazines, the London-based Economist
not long after the earlier collapse of the Mexican economy.
News Weekly proposes a series of policies to overcome the problems Australia now faces. These Include:
- Regaining Australia's economic sovereignty through a series of policies to rapidly bring down the foreign debt.
- Boosting Australia's investment in badly needed infrastructure improvements using low interest loans from the reserve bank.
- A national savings policy to make Australia self-sufficient in capital requirements, and thereby to break our addiction to foreign borrowing.
- A Homemakers allowance to provide justice for Australia's families that have been seriously stressed by an economic system that threatens their very existence.
News Weekly seeks out a strategy that