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Do we want Australia’s economy to become more self-sufficient?

Prime Minister Anthony Albanese gave a landmark speech last week about the future of Australia’s economy.

If you didn’t catch it, let’s revisit its main theme quickly.

It’s important to know what he said because it signals where our economy could be headed in the coming years.

I think we can draw parallels with a famous speech from the 1930s, another era of rapid economic change.

A future made in Australia

One of the great things about a landmark speech that flags an intention to do something big, but which is light on detail, is how it will smoke out bad-faith commentators.

And after the prime minister’s speech last week, we saw the same old voices putting their hands up quickly to criticise it.

Some claimed Mr Albanese was planning to take us back to the bad old days.