Joe Hockey returned to the London think tank where he gave his infamous End of the Age of Entitlement speech, to declare that the problem had only worsened, a decade on.
Former treasurer Joe Hockey said politicians who shun cutting government spending to stay popular with voters are a cancer in the community, and that the age of entitlement has only worsened since he gave his landmark speech more than a decade ago.
Former Treasurer Joe Hockey speaking at the Institute for Economic Affairs in London, Monday, October 23, 2023.“The entitlement to be popular no matter what the cost.” He said that politicians were afraid of making hard decisions when cheap borrowing was available and that populism was rampant and uncontrollable.“That sense of entitlement, that you can give people everything they want, is a cancer in our community,” he said.Hockey said that there was not much philosophical basis to most modern politicians who he said were mostly populists.
“That was bloody hard, you read the letters from them and their families, it was really hard but at the end of the day it had no material impact on the delivery of services.He also stood by his failed attempt to introduce a GP co-payment saying that Britain’s almost broken NHS, which has a waiting list of 7 million people, was an example of how failing to make public services sustainable only ended up hurting the poor.
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