The End Of The Age Of Entitlement - A Decade Later With The Hon. Joe Hockey

30th October 2023

The Video sets out some difficult maters for everyone politicians and voters.

In April 2012, then-Shadow Treasurer, Joe Hockey, delivered a speech to the Institute of Economic Affairs in London entitled "The End of The Age of Entitlement". Hockey spoke about the unsustainable nature of universal entitlements that have been ignored for years.

The speech was judged one of the most important speeches by an Australian in the last 100 years.

Just over a decade later, Hockey is returning to the IEA to revisit this thesis. In the context of the ongoing global economic challenges, Hockey will discuss the future of our global economy and the role of governments in the wake of recent events.

The video lasts one and a half hours but you get the point in the first 10 minutes.

It is hosted by the Institute for Economic Affairs aright wing think tank.

The Institute of Economic Affairs (IEA) is a right-wing, free market think tank[7] registered as a UK charity.[8] Associated with the New Right,[5][6] the IEA describes itself as an "educational research institute"[9] and says that it seeks to "further the dissemination of free-market thinking" by "analysing and expounding the role of markets in solving economic and social problems".[9][10] The IEA was established to promote free-market solutions to economic challenges by targeting influential academics and journalists, as well as students, in order to propagate these ideas widely.[11] Adopting as its credo FA Hayek's view that "yesterday's dissent becomes today's consensus,"[12] the IEA says that it prioritises producing work with a focus on economic insights over partisan politics.[11]

The IEA subscribes to a neoliberal world view and advocates positions based on this ideology.[13] It published climate change denial material between 1994 and 2007,[14] and has advocated for privatisation of elements of, and abolition of complete government control of, the National Health Service (NHS), in favour of a healthcare system with market mechanisms.[15][4] It has received more than £70,000 from the tobacco industry[16][17] (although it does not reveal its funders),[18][19] and IEA officers have been recorded offering "cash for access". The IEA is headquartered in Westminster, London, England.[20][14]

Founded by businessman and battery farming pioneer Antony Fisher in 1955,[21] the IEA was one of the first modern think tanks,[22] and promoted Thatcherite right-wing ideology, and free market and monetarist economic policies.[23] The IEA has been criticised for operating in a manner closer to that of a lobbying operation than as a genuine think tank.[24] The IEA publishes an academic journal (Economic Affairs), a student magazine (EA), books and discussion papers, and holds regular lectures.[2

Source https://en.wikipedia.org/wiki/Institute_of_Economic_Affairs