For the first time in many years, there is a genuine opportunity to move beyond the oppositional politics that have hindered structural reform. This new parliamentary composition—more diverse but potentially less fractious—opens the door to building coalitions of the willing for major national reform. If we are to grasp this political moment, we must also confront the structural ambiguity that has long undermined innovation policy in this country. 

Australia's innovation policy faces a blind spot: the systematic neglect of common knowledge that enables breakthrough innovations to scale and endure. While current frameworks excel at measuring patents and R&D expenditures, they overlook the tacit expertise, institutional practices, and professional networks that serve as innovation's connective tissue. This Insight reveals how integrating common knowledge with proprietary systems can transform Australia's innovation perfor

Despite decades of consensus that Australia must diversify beyond resource dependence, policy action has repeatedly stalled. This new Insight from the Acton Institute unpacks this paradox as a slow-moving crisis—a systemic drift that erodes capability, legitimacy, and future prosperity. The Insight explores why structural reform so often fails, and argues that policy effectiveness in the 21st century depends not just on what governments do, but how they make sense of what mus

John H. Howard, 11 February 2025 The transformation of regional economies through innovation presents one of the most compelling...