Sick of the doom and gloom? Australia can choose prosperity, if we elect to

The article argues that Australia should embrace a more constructive optimism, contrasting the “optimism of the entrepreneur” with the “optimism of the gambler.” It cites McKinsey’s report, “Australia’s next century of plenty,” which lays out a path to prosperity after a “lost decade” of slower growth. The piece describes McKinsey’s inclusive vision, comparing it to a global framework that imagines even the poorest country reaching Swiss-like living standards, and notes Switzerland’s GDP per capita of about US$82,000 versus Australia’s being roughly US$20,000 lower. The author highlights that the only real “catch” is that it depends on Australians themselves, and points to a separate optimistic-framed event ahead: Australia’s Intergenerational Report to be released Monday by Treasury.