OPINION: Peter Dutton was right to dismiss corporate Australia as being more in step with Labor and the Greens. The automatic and close relationship between the centre-right of politics and big business is over.
Anthony Albanese’s election victory has prompted all sorts of interesting reactions. Apparently, company boards should now start purging their ranks of “right-wingers”. That’s the view ofAs reported last week in this newspaper, according to Bricknell: “Boards need to pay attention [to the election]. If you’re a die-in-the-ditch, right-wing board member with fixed views about how things were done 15 years ago, your time is nigh.
To most observers that’s a finely balanced outcome, revealing the need for magnanimity and moderation from our political and corporate leaders, rather than the justification for a radical reconstruction of the country.Presumed political purity, not business acumen is now the prerequisite for selection to the board of a large Australian public company.
A candidate for an executive or board position, who said they believed in what until very recently had been a core principle of liberal democracy, namely that all citizens are entitled to equal political rights regardless of their race, would probably never be heard of again. One of the great insights of the keenest observer of the political economy of the 20th century. Joseph Schumpeter, was that big business has a bigger interest in itself than it does in the maintenance of the capitalist system – and the “creative destruction” of capitalism is, in fact, a threat to big business.
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