Business

Feb 19, 2018

The bonkers plan to turn remote Indigenous Australia into a free-market capitalist economy

With one more ad hoc solution piled on another, it's desperate times for the Mundine-Pearson model of remote-area development.

Guy Rundle — Correspondent-at-large

Guy Rundle

Correspondent-at-large

"Quick loans to high-risk people without capital or experience!" No, it's not an ad in the back of Golf Magazine, it's the gist of an op-ed in The Australian Financial Review. The author? Nyunggai Henderson Warren Mundine.

The argument? Indigenous business start-ups should have loans given to them with no regard for the inherent risk. Yes, you read that correctly. A minor piece in itself, the article is a measure of the desperate times for the Mundine-Pearson model of remote-area development.

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