The government's plan for a future 'made in Australia' has failed to win over the productivity commissioner — and that's a problem

The government's plan for a future 'made in Australia' has failed to win over the productivity commission er — and that's a problemAnthony Albanese and Jim Chalmers have a pre-budget problem. They haven't yet won over one of the most important voices in the economic debate on their bold plan for a "Future Made in Australia".

"I think we need to be very cautious about stepping into this space," Wood told the Insiders On Background podcast, where she responded to each of the government's main arguments. And as for the suggestion taxpayer money is needed to help get "infant" green technology off the ground, Wood warns: "Your infants grow up, they turn into very hungry teenagers and it's kind of hard to turn off the tap." Exhibit A: the local car-making industry.While governments continue to feed these hungry industries, they're diverting jobs and investment away from other, more productive parts of the economy.

Jim Chalmers says he listens very closely to Danielle Wood. The Treasurer says she has "raised some important points, but also some obvious and self-evident points". Appearing on Insiders last week, the Treasurer agreed, for example, on the need for "exit ramps" from government subsidies. The government remains quietly confident it's on a winner with its Future Made in Australia plan, both economically and politically. It genuinely believes the global game has changed and is betting voters will strongly back more local manufacturing.

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