Economics

Economics

Queensland needs an economy that sustains the needs of its people and nature, now and for future generations. Read the full policy.

(Adopted October 2014) 

Principles

The Queensland Greens believe that:

1. We can achieve an economy that is ecologically sustainable and socially just, in contrast to the current approach dominated by multinational corporations in an unrestrained market.

2. The economy is a finite mechanism for exchange of those limited Earth’s resources to which we have access and an obligation. 

3. Locally owned small and medium businesses are significant and crucial elements in the strength and resilience of local economies. 

4. We can achieve a diverse Queensland economy that encompasses education, health, retail, tourism, public and non-profit sectors, agriculture, energy, mining, and expand and develop a worthwhile manufacturing sector.

5. Create jobs by working with business cycles to counter the socially adverse effects, without “crowding-out” private enterprise.

6. It is the role of government to ensure that the economy develops in a way where wealth is distributed justly where effort, responsibility and innovation are rewarded fairly and equitably.

7. Governments have an essential role in regulating markets and ensuring that the true cost of any externalities is reflected in market prices of goods and services. In an optimal mixed economy, markets and government share the pivotal role of allocation and throughput of resources.

8. We can achieve full employment through the fair distribution of work.

Aims

The Queensland Greens will:

1. Develop a renewable energy economy in which fossil fuels are phased out as soon as possible ensuring that infrastructure expenditure and job creation are designed for the long-term.

2. Focus infrastructure spending on public transport and renewable energy.

3. Provide a guarantee of delivery of the essential services, electricity, gas and water to all consumers, and which is affordable to the economically disadvantaged.

4. Provide the proper assessment and appropriate evaluation of ecological system services used in production the cost of our goods and services.

5. Aid the transition to a renewable energy sector by redirecting fossil fuel infrastructure subsidies to businesses and families as they adopt renewable energy sources.

6. Support the development and growth of both research based commercial activities and leading-edge technological industries.

7. Work towards full employment.

8. Encourage innovation and support and protect emerging industries.

9. Develop increasing diversity of our economy, favouring industries with long term futures, to increase resilience when confronted with internal and external shocks.