Rejoice, Australia. The Productivity Commission has released its interim report into the 2018 GST carve-up, and it turns out the great unsolved riddle of Australian economic policy was never productivity at all. It was equity.
88 mentions of the word, in fact. Productivity manages 25, and 17 of them in the use of the (deceptively) named Produtivity Commission.
If you want the whole rot in one image, turn to Figure 3.1. There, in a box at the top of the page, in capitals, sits the phrase PRIMARY GOAL: EQUITY. Below it, in smaller boxes, demoted to what the report calls “secondary constraints,” huddle efficiency, sustainability and certainty.
Efficiency. A secondary constraint. At the Productivity Commission. This is analgous to
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