THE END OF THE AGE OF ENTITLEMENT
JOE HOCKEY’S SPEECH TO THE INSTITUTE OF ECONOMIC AFFAIRS, LONDON
…Let me put it to you this way: The Age of Entitlement is over.
We should not take this as cause for despair. It is our market based economies which have forced this change on unwilling participants.
What we have seen is that the market is mandating policy changes that common sense and years of lectures from small government advocates have failed to achieve.
Hat tip to Houses and Holes