Showing posts with label Future Fund. Show all posts
Showing posts with label Future Fund. Show all posts

Monday, April 11, 2011

Share the wealth while it lasts - and pave the way for a bright future

Malcolm Turnbull's flirtation with the idea of a sovereign wealth fund might mean the current commodity boom - the most sustained of this magnitude in our history - isn't the fiscal equivalent of the one that got away.

Three key points have been absent from our embryonic discussion. Addressing these could mean the difference between a short and flashy fling with our commodity wealth or a prosperous, healthy and sustainable long-term relationship.