Tag Archives: Ian McAuley

IAN MCAULEY. There’s more to Morrison’s conversion on debt than appears at first sight

There is nothing novel about Treasurer Morrison’s discovery that government debt is all OK provided it’s applied to funding useful assets. But it may be an indication that the government is disillusioned with monetary policy as a means of stabilising … Continue reading

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IAN MCAULEY. The budget – still tough on the young

The Commonwealth’s budget has a Keynesian boost for a sluggish economy, and is based on an optimistic, or even heroic, assumption that economic growth will deliver a fiscal surplus within a few years. We have heard similar claims from treasurers, … Continue reading

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IAN McAULEY. Doing without private health insurance

Every year the Australian Competition and Consumer Commission reports on competition and consumer issues in private health insurance (PHI), and recent reports show increasing consumer dissatisfaction with PHI. Most complaints relate to unexpected charges when claims are made and confusion … Continue reading

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IAN McAULEY. The Liberal Party’s French Connection

The political future of Kelly O’Dwyer, Minister for Revenue and Financial Services (presently on maternity leave) is uncertain, as Liberal Party members in her electorate move to disendorse her. On one level this conflict can be seen as the shenanigans … Continue reading

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IAN McAULEY. Capital gains taxes: Keating got it right in 1985

Most commentators on the crisis in housing affordability correctly attribute the problem, in part, to the Howard Government’s decision in 1999 to “halve the taxation of capital gains”. But that was only one aspect of the 1999 change: the other … Continue reading

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IAN McAULEY. Can we please have a more intelligent debate about corporate taxes

The simple explanation behind the Commonwealth’s proposal to cut corporate taxes is in terms of a struggle between the interests of business and of the broader community, but it is also about the Coalition’s determination, under pressure from vested interests, … Continue reading

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JOHN MENADUE. The litany of failed privatisations.

Ideologues ,the self interested bankers and accountants and lawyers still persist with their fixation with privatisation despite the fact that it is failing in one area after another and the electorate shows very clearly that it does not want it.  … Continue reading

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IAN McAULEY. The National Electricity Market: What happens when economists get involved with electricity

John Menadue has asked me to write about the National Electricity Market – the NEM.  I should be qualified to do that: my first degree and my first years of professional work were in electrical engineering and in my later … Continue reading

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IAN MCAULEY. Warning from Colin Barnett: Privatisation is on the nose

The WA Government’s proposal to privatise Western Power – the government-owned electricity utility – was one of the factors contributing to the extraordinary anti-Liberal swing in Saturday’s Western Australia election. Privatisation of electricity has also been an issue in the … Continue reading

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IAN McAULEY. South Australia’s Electricity Problems: Jay Weatherill Should Follow The Coalition’s Example

Spare a thought for the people of South Australia. Large parts of Adelaide blacked out for up to 18 hours without notice. Trams stopped in their tracks across busy intersections. A bitter and partisan debate in state parliament about responsibility … Continue reading

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IAN McAULEY. What lies beyond capitalism?

This a review of Wolfgang Streeck’s book ‘How will capitalism end?’. Communists of the world, relax! Don’t spend your efforts trying to bring down capitalism, because it’s going to bring itself down.  

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IAN McAULEY. Brexit, Trump and the Lucky Country – Introduction

John Menadue – introduction to Ian McAuley Series. Many have been surprised and even horrified by the Brexit and Trump results. These events are likely to be followed by similar outcomes in elections in other countries this year. Serious issues … Continue reading

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IAN McAULEY. Brexit, Trump and the Lucky Country 1 – Who’s been left behind?

In “developed” countries the benefits of 35 years of economic growth have been unevenly distributed. Many people who once had well-paid manufacturing jobs and many who live in the country have fallen behind. While this has been most starkly manifest … Continue reading

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IAN McAULEY. Brexit, Trump and the Lucky Country 2 – The response of those left behind

It would be hasty to attribute the Brexit and Trump votes to a “swing to the right”, or to an ill-informed electorate. The most compelling explanations are in terms of protest votes. People’s anger of electorates has given an opening … Continue reading

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IAN McAULEY. Brexit, Trump and the Lucky Country 3 – Globalization takes the rap, unfairly

Globalization has been only one of the developments that has led to widening inequality and social exclusion. Countries that have globalized have also introduced a raft of neoliberal domestic policies, against which people are reacting.

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IAN McAULEY. Brexit, Trump and the Lucky Country 4 – Issues re-framed

Contrary to some interpretations, the trend in “developed” countries is still towards social and economic liberalism. But there is a strong reaction against the social exclusion that has accompanied liberalization. The economic models that guide public policy are not up … Continue reading

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IAN McAULEY. Brexit, Trump and the Lucky Country 5 – How we lost trust in government

We have lost trust in our governments and in mainstream political parties. Politicians, the media and corporate interests have been responsible for alienating governments from the people who elect them, creating fertile ground for populists.

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IAN McAULEY. Brexit, Trump and the Lucky Country 6 – Who exploited discontent and how

A turning point in Australian political life was the 2013 election when Abbott set about destroying what remained of trust in government and of trust in social and political institutions, including traditions of dispassionate and objective inquiry.

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IAN McAULEY. Brexit, Trump and the Lucky Country 7 – The left went AWOL

Contrary to right-wing conspiracy theories, there is no significant “anti-business” force in Australia. In fact the left has never been weaker: the traditional unionized left has been weakened by structural change, and the “progressive” left has dealt itself out of … Continue reading

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IAN McAULEY. Brexit, Trump and the Lucky Country 8 – Don’t wait for a “leader”: we need leadership.

We have many hard issues to confront but our present political elites are adept at avoiding them. It’s futile and dangerous to wait for a “leader” who will solve our problems. The task of leadership is one that falls on … Continue reading

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IAN McAULEY. Holden cars, AWA TVs, Chesty Bonds underwear: Manufacturing and globalisation

Ian McAuley argues that it has not been globalisation and trade that has been the biggest factor displacing jobs in manufacturing. It has been automation.

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IAN McAULEY. Opportunity Knocks: The Economics Of A Trump Victory

There’s ever reason to believe Donald Trump policies will hurt Australia. But there’s some important differences and insulation. Trump’s election has energised Australia’s far right. Abbott, Abetz, Bernardi, Canavan, Christiansen and Hanson have all said, in one way or another, that … Continue reading

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IAN McAULEY. Mein Drumpf: Hitler, Donald Trump And A Shot Across The Bow For The Left

We’re not sure who first said “history doesn’t repeat itself, but it does rhyme”, but it’s an apt reminder of the similarities between the forces that have propelled Trump into the US presidency, and the forces that brought Germany’s National … Continue reading

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JOHN MENADUE and IAN McAULEY. The future of globalisation.

Rescuing globalisation from cheer leaders and populists. If we cannot make globalisation work for all, in the end it will work for none.  Kofi Annan Last week John Menadue raised the issue of globalisation, welcoming comment from other people in … Continue reading

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IAN McAULEY. The Mounting Case For A Royal Commission Into Banks And Insurance Companies

An overwhelming majority of Australians support a Royal Commission into the finance sector. Ian McAuley explains why. We’re paying too much for a bloated financial service sector.A prominent example is Australia’s largest health insurer, Medibank Private, which in the last … Continue reading

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IAN McAULEY. Health care and Labor.

  In the recent election Labor had fine words on health care – “Labor will ensure that access to health care is determined by your Medicare card, and not your credit card” – but in reality its policy proposals, if … Continue reading

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IAN McAULEY. Problems of Private Health Insurance.

The PHI industry continues to make two invalid assumptions about private health care.  The first is that governments are intrinsically high cost and bureaucratic and that the private sector is unquestionably more efficient. This is patently not true. The least … Continue reading

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IAN McAULEY. Brexit – retreat to isolationism and discontent of those left behind.

The Brexit vote has given the media a cornucopia of stories – dissent in the British Conservative and Labour Parties, the possible breakup of the “United” Kingdom and turmoil on financial markets. These, however, are distractions from two serious issues … Continue reading

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IAN McAULEY. Bill Shorten Is Right: Malcolm Turnbull Is A Major Threat To Medicare

Labor appears to have rediscovered old values, while the Liberals don’t appear changed one bit. Ian McAuley explains the mire that is the fresh debate on the future of Medicare. “Medicare is the community standard, it’s the gold standard, it … Continue reading

Posted in Federal Election 2016, Health, Politics | Tagged , , , , , , | 2 Comments

IAN McAULEY. A Royal Commission into banking and the private health insurance industry.

In this election campaign the issue that triggered a double dissolution – restoration of the Australian Building and Construction Commission – has hardly scored a mention. That contrasts with the 1974 double dissolution election, called by the Whitlam Government in … Continue reading

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