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

Australia’s innovation policy needs a paradigm shift. There must be a framework to support sustainable growth across all growth businesses

Australia's industrial policy is shifting with the Future Made in Australia Act. However, there are concerns about potential inefficiencies