In January 2023, Treasurer Jim Chalmers released a major policy ‘think piece’ where he detailed his and (presumably Labor’s) vision for a new capitalism in Australia. Described as a Plan for a Rebirth of Australian Capitalism, Chalmers talked in general terms of the ‘…beginnings of a new economic model…’ a ‘…values-based capitalism…’ where ‘…2023 will be the year we build a better capitalism…’

Chalmers’ ‘think piece’ laid out principles without specifics.