Subscribe to pearls and irritations
Most viewed recently
- FRANCIS SULLIVAN. Where to from here?
- JOHN MENADUE. The litany of failed privatisations.
- ALAN KOHLER. Hell, Elon? It’s Malcolm.
- IAN McAULEY. The National Electricity Market: What happens when economists get involved with electricity
- MICHAEL WEST. Gas crisis? Or glut? Why Japan pays less for Australian LNG than Australians do.
- BOB BIRRELL and BOB KINNAIRD. Migration policy; All about numbers 24 March 2017
- JAMES O’NEILL. A tale of two cities: Aleppo and Mosul. 24 March 2017
- PETER WHITEFORD. ‘Them’ and ‘us’: the enduring power of welfare myths. 24 March 2017
- RICHARD BUTLER. The many risks we run – Trump and the US. (Part 2 of 2) 24 March 2017
- LAURIE PATTON and ROBIN ECKERMANN. Time for rational, informed debate about the NBN 24 March 2017
- Current affairs (2,669)
- Arts (25)
- Reviews (16)
- Defence/Security (455)
- ANZAC (45)
- Democratic Renewal (99)
- Economy (738)
- Taxation (51)
- Education (126)
- Environment (145)
- Climate change (107)
- Foreign Affairs and Trade (834)
- Australia and Asia (282)
- Health (332)
- Human Rights (296)
- Immigration (437)
- Indigenous affairs (32)
- Industrial relations (24)
- Infrastructure (90)
- Housing (24)
- Media (367)
- NBN (53)
- Politics (1,745)
- Federal Election 2016 (106)
- Religion and Faith (333)
- Sport (38)
- Tributes (29)
- Vested Interests (139)
- Arts (25)
- FREEDOM, OPPORTUNITY & SECURITY Policy Series (57)
- Uncategorized (44)
- Current affairs (2,669)
Category Archives: Economy
The failure of the market to provide housing for all who need it is compounded by several political failures.
The most pressing question: Is the global system there to serve people, or are people there to serve the global system? They also never address a central contradiction of globalisation: that capital is free to move, but for the most part … Continue reading
Housing investors have largely crowded out first-home-buyers from the Sydney and Melbourne housing markets. The Coalition Government has not simply failed to address this problem; its policies have been the principal cause.
CHARLES LIVINGSTONE. South Australia’s gambling tax highlights the regulatory mess of online betting.
The South Australian government will introduce from July a “point-of-consumption tax” to claw back some of the gambling tax revenue it is seeing disappear over the border. The new tax is a reasonable response to a growing problem, and probably won’t … Continue reading
So long as government vacates the field, the balance between rich and poor lurches further towards the rich. 8 individuals control half of the world’s wealth. Is that Balance or proportionate ?
Regrettably it appears that on both counts – proper infrastructure plans and the need for affordable services – the government and the nbn company, despite spending something like $50 billion, have failed to come up with the right solution for … Continue reading
It’s a lost decade we couldn’t afford on climate change and energy policy – but when the consequences are felt in years and decades to come, it’s incumbent upon us all not to forget the political opportunists and charlatans who … Continue reading
Here lies the exquisite dilemma for the Packer lobbyists: help push the Chinese side to get a better deal, perhaps an exchange program for their incarcerated staff, or strike another deal, leaving all those ill-gotten gains sloshing around Sydney and … Continue reading
After Easter, Pearls and Irritations plans to publish a series ‘Making Housing Affordable‘ addressing key aspects of the housing crisis and recommending solutions, with contributions from a range of experts and other key stakeholders, including economists, planners, demographers, housing providers … Continue reading
Vancouver’s response to the housing affordability crisis, now includes a new Empty Homes Tax at 1% per annum of the value of each empty home covered. Australian reports suggest that there may be 90,000 empty dwellings in Sydney and 83,000 … Continue reading
The Gonski recommendations were our best chance to create something better, but it didn’t happen in the way the review envisaged. As one of the Gonski architects puts it, instead we are just on a path to nowhere.
The area of economic reform where the government’s performance has been most egregious is on policy to ease our transition to a low-carbon economy and honour our commitments at the Paris conference. Leaving aside Abbott’s role in our policy regression, … Continue reading
Let’s be clear, the Coalition and particularly the Liberal Party and Malcolm Turnbull are responsible for the current mess and impasse on electricity prices and reliability and supply. This is the result of years of policy and political failure. We … Continue reading
PETER PHIBBS and NICOLE GURRAN. Why housing supply shouldn’t be the only policy tool politicians cling to.
If politicians were serious about the affordability crisis, they would be trying to support the important but underfunded affordable housing sector. Better targeting tax breaks towards new and affordable rental housing, rather than fuelling demand for existing homes, would also … Continue reading
From an economic perspective, it would be far more efficient to eliminate subsidies altogether and to put a price on carbon that reflected its true cost. Private investors then would be able to choose which technology was most efficient.
KAREN WILLIS AND SOPHIE LEWIS. Increased private health insurance premiums don’t mean increased value.
A topic of discussion at many barbecues this summer will inevitably be private health insurance. Is it worth it? Do we need it? Every year it gets more expensive. The average 4.8% increase in premiums just announced will have more … Continue reading
It is a shame that at a time when government is so hollow, only a handful of journalists can escape the cliché and find a basis for critical analysis of policy, which ought to be the basis for judging a … Continue reading
Older Australians are enjoying a growing share of Australia’s wealth; the wealth of younger Australians has stagnated. Structural changes to the labour market threatens to leave more young people in low wage, precarious work than any generation before them, and … Continue reading
Unfortunately the storms and the heat waves are making it clear to reluctant voters that climate change is not going to disappear. Sooner or later the message will filter through even to the recalcitrants of the coalition. But by then … Continue reading
The recent unravelling of world affairs has seen many argue that China may lead closer global economic cooperation. Xi Jinping’s recent speech to the World Economic Forum in Davos encouraged this rather surprising turn of events. Xi opined that protectionism, … Continue reading
Conservatives push carbon tax to address climate crisis By John Upton on 9 February 2017 Climate Central With President Trump and Republicans in Congress moving swiftly to repeal regulations that slow global warming, a group of prominent conservatives on Wednesday touted a … Continue reading
That CEOs are overpaid is something, as Leonard Cohen would say, “everybody knows”; including the directors and shareholders who ultimately decide their pay. Yet firms are unwilling to do anything about it, because to do so would damage internal relations, … Continue reading
Donald J Trump is called the ‘businessman’ President. The ethics and practices of ‘private’ business, and the nature and ‘business models’ of activities undertaken, are arguably, neither consistent with the established accountabilities of ‘corporate governance’ nor with the innovative future … Continue reading
Global consumer capitalism, is reducing quality of life: stripping our lives of intrinsic worth and meaning; weakening communities; undermining health and wellbeing; creating grotesque inequities; destroying the natural environment; and undermining our faith in humanity’s future.
It is hard not to conclude that our major parties have been the primary stumbling block. They seem singularly ill equipped to envisage, let alone manage, the institutional changes called for by a globalising and increasingly interdependent world. If innovation … Continue reading
Following a campaign by the coal industry, Prime Minister Malcolm Turnbull has argued for new coal-fired power stations in Australia. But these plants would be more expensive than renewables and carry a huge liability through the carbon emissions they produce. … Continue reading
There is now widespread recognition in the echelons of government, both Federal and State, that we face an affordable housing crisis. However, there is still no consensus about how to solve it. The Coalition insists the problem can be … Continue reading