00:00Now, today I'm here to announce the first part of the Coalition's Australian Values Migration Plan
00:06and to talk about the upcoming budget and some of the economic issues we face there.
00:13But before I turn to that, it's important to set some context
00:16because this goes to the heart of protecting our way of life
00:21and restoring our standard of living that Australians have worked so hard to build
00:26over such a long period of time.
00:27I want to make five observations about recent decades
00:31which are shaping our thinking about the key issues our country faces.
00:36I make these observations not to criticise past governments of either colour,
00:41including past coalition governments to which I belong.
00:44After all, governments are a product of their times.
00:48They act and respond to the circumstances in front of them.
00:52And Australian governments of recent decades all made policies for a very different world,
00:58indeed a more benign world than we face today.
01:01And in the main, they delivered prosperity for Australians.
01:05Of course, they didn't get everything right.
01:07And the frustration of many Australians today about some past decisions
01:12is both understandable and reasonable.
01:15To paraphrase a Danish philosopher, we live forwards, but we understand backwards.
01:21So I make these observations with humility, with the wisdom afforded by hindsight, of course,
01:27and with a view to our present predicaments, with a resolve to course correct.
01:33Observation one.
01:35Past governments welcomed the benefits of globalisation,
01:39but they were less attuned to the risks.
01:43Today's fuel crisis reinforces the fragility of global supply chains
01:48and the folly of allowing our sovereign industries to be hollowed out
01:53where those industries are of strategic importance.
01:57The obvious example is liquid fuels.
02:00And that's why when I was Energy Minister,
02:01we established a minimum stockholding obligation
02:04and saved the last two refineries from closing.
02:07Perhaps we should never have got to that point,
02:09but that's what we did achieve at the end of the last government.
02:14Observation two.
02:16Past governments rested comfortably behind the security conferred by American predominance.
02:23Today, in a different age where events are being shaped much more by the sword and the shield,
02:29in a time when we can't just free ride off the generosity of our friends,
02:34Australia finds itself poorly equipped to defend and deter.
02:40Observation three.
02:42Past governments blindly repeated mantras about Australia being the world's most successful multicultural society
02:49and diversity being our strength.
02:52Such doctrines saw us open our borders to people who,
02:56far from wanting to join and contribute to Australia,
02:59have wanted to take from Australia and even change Australia to suit them.
03:05Observation four.
03:07Past governments moved away from energy pragmatism and embraced energy ideology.
03:14Consequently, energy prices have surged and costs across the economy have skyrocketed.
03:20Labor's net zero obsession is one of the most economically destructive ideas
03:25foisted upon the Australian people, and that is why we have rejected it.
03:30Observation five.
03:32The pandemic required a national response.
03:35Yet national cabinet became a means for some state governments
03:39to normalise heavy-handed intervention.
03:42Moreover, with many Australians reliant on government in that crisis,
03:46we inadvertently animated a belief that bigger government is the solution to every problem.
03:53is the solution to every goal to live comment.
03:54We have a great knowledge on our behalf of these different businesses who have global health organizations,
03:54such as the industry has talked to our businesses,
03:56according to installs and private leadership,
03:57We have equaled themselves ourial programs in our arkadaĹźs,
03:58called web e- Prisoners for the financial help flying and propaganda,
03:58to be a globalанные shark experience.
03:58We have an international campus where we have the SCOTT- committed NESFORKS.
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