This discussion paper examines the change in values informing public policy in Australia over the last 25 years, and its negative impact on society. The authors argue that since the neoliberal policy framework is unable to effectively balance economic and social goals, governments need to go beyond the present short-term economic outlook and be more active in shaping society. The authors further argue for government interventions to create employment - not a return to Keynesian job creation, but targeted interventions capable of generating substantial social and environmental benefits, whilst also improving Australia's long-term economic performance.