A new bill introduced in the US Congress, the National Infrastructure Bank Act 2020, can finally deliver the trillions of dollars of investment that is desperately needed to repair and revitalise America’s infrastructure.
The recent fracturing of the neoliberal consensus that drove both major parties to mass-privatise national assets and hand control of the economy over to private banks is accelerating into a full-blown breakdown. Now a Liberal Party politician no less, Queensland Senator Gerard Rennick, has taken aim at the neoliberals’ most sacred cow and called for a national bank to invest in public infrastructure.
Petition
Fast-track Australia to economic recovery and prosperity—expand the CEFC into a national development bank!
TO THE HONOURABLE THE SPEAKER AND MEMBERS OF THE HOUSE OF REPRESENTATIVES
Australia continually loses innovations overseas because they can’t get investment backing here, from neither the banks nor the government. If we are not to be condemned to unemployment, in the Treasurer’s recent analogy, going “up in the elevator but down by the stairs”, we must turbo-charge the productive sector with a national investment bank that can unleash the nation’s enormous economic potential.
