The budget revolution that will stun CEOs

A series of new business strategies woven into Joe Hockey’s budget will have huge implications for companies.

The many leaks prepared us for a harsh budget, but few were prepared for the enormity of the change in business strategy underlying it. It will take a few days for CEOs and entrepreneurs to grasp the full implications. In particular, apart from the deficit levy the government has actually done what it said it would do, which involves the most dramatic change to our spending patterns for a generation.

More specifically, let me pinpoint some of the other underlying forces.

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