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Australia has committed to a long-term global average temperature increase to no more than two degrees Celsius – yet often envisions a future in which its is a major coal exporter. EPA/FEDERICO GAMBARINI

A tale of two futures: Australia’s economy under climate change

When it comes to climate change and Australia’s economic future, different crystal balls can produce vastly different results.
Treasurer Joe Hockey wants to ‘end of the age of entitlement’, but which think-tanks around the world have played a part in developing that idea? AAP/Alan Porritt

Free-market think-tanks waged war on entitlement, conscripted an Australian Joe

We propose things which people regard as being on the edge of lunacy. The next thing you know they’re on the edge of policy. – Madsen Pirie, President of the Adam Smith Institute, 1987 In a speech in London…

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