The chairman of News Corporation, Rupert Murdoch, has delivered the Lowy Lecture in Sydney tonight.
Murdoch argued that “Australia is on the cusp of becoming something rare and valuable in this new world: an egalitarian meritocracy, with more than a touch of libertarianism”.
Murdoch said that Australian values, immigration and disruption were the key to the nation’s future. He said: “Australia must be the economy that thrives on disruption. Primarily we will do this through the key drivers of prosperity: trade, technology and free markets.”
On immigration, Murdoch said: “Australia is on its way to becoming what may be the world’s most diverse nation. This is an incredible competitive advantage. A nation as small as ours will increasingly depend on trade. The more people we have with ties to other parts of the world, the greater our advantage when we seek trade relationships with these nations.”
Murdoch claimed that “the stunning growth of mobile communications” has been “the most revolutionary disruption in the last decade”. He said: “For a company like News Corp, that disruption has actually been a shot of adrenalin.”
- Listen to Murdoch’s lecture (25m)
- Download a copy of Murdoch’s speech (PDF)
- Watch Murdoch on immigration (2m)
- Watch Murdoch on overcoming primeval prejudice (2m)
Transcript of Rupert Murdoch’s Lowy Lecture.
Frank Lowy… Steven and David Lowy … Mr Premier… Ministers… and friends of the Lowy Institute: I have come a long way to deliver a short message:
The 21st century is Australia’s for the taking.
Australia should not be angst-ridden over its place in the world. Australia should seize its place in the world. We are not hapless victims of circumstance – we are people who define our own destiny.
That is certainly true of the Lowy Institute. The Lowy Institute is not just one of Australia’s premier policy institutes. Thanks to the vision and commitment of my good friend Frank, the Lowy Institute is now one of the world’s premier policy institutes.
As a boy of 15, Frank left his native Slovakia for Israel. Before he could set foot in the land promised to Moses, the British interned him in Cyprus. When Frank finally made it ashore, he quickly found himself fighting for Israel in its war of independence. [Read more...]