ABC
•87% Informative
Professor Ross Garnaut is one of Australia 's most respected economists.
He says the emissions trading scheme was still in place if it hadn't been dismantled.
He said Qantas , super profits, and rising executive remuneration reflect a general problem in our economy.
Garnaut: We have an opportunity to pursue "transformational economic reform" by tackling them all at once.
We could raise $70 billion a year from a carbon price, he says.
Professor Garnaut says an increasing proportion of Australia 's national income is now coming from rentheavy sectors.
He says this presents an opportunity for 'transformational economic reform' in Australia .
Garnaut suspects it's because important elements of economic theory took a wrong turn decades ago .
The erasure of land rent in neoclassical economics set Australia on a wrong course.
VR Score
93
Informative language
94
Neutral language
57
Article tone
informal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
4
Source diversity
4
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