Category Archives: Economy

BEN LUCAS. Revealed: the extent of job-swapping between public servants and fossil fuel lobbyists.

Last month Australia slipped further down the rankings in the international corruption index. Among a wide range of factors cited by Transparency International was Australia’s “inappropriate industry lobbying in large-scale projects such as mining”, as well as “revolving doors and … Continue reading

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PAUL BARRATT. Are all those consultancies really necessary?

The Joint Committee on Public Accounts and Audit is currently conducting an inquiry based on any items, matters or circumstances connected with Auditor-General’s Report No. 19 (2017-18). This report reveals enormous expenditure on consultancy contracts, and the matters being inquired … Continue reading

Posted in Economy, Politics | 6 Comments

IAN McAULEY. Tax reform, not tax cuts

From an unlikely source comes a message that Australia doesn’t need “smaller government”. Rather we need tax reform to ensure we can build a social safety net, and fund world-class health and education.

Posted in Economy, Politics | 4 Comments

MICHAEL KEATING- Wages, Profits and Economic Growth.

This article summarises the analysis in a new book, Fair Share: Competing Claims and Australia’s Economic Future, which examines the interrelationship between the stagnant economic growth experienced by most developed countries over the last decade and the increasing inequality in … Continue reading

Posted in Economy | 1 Comment

NICHOLAS GRUEN. Now is the time for complacency: Banking and Australian Policy Makers

To quote Bank of England Governor, Melvin King in 2010 “of all the many ways of organising banking, the worst is the one we have today.” The Bank of England continues as a thoughtful critic to this day. As we’ll … Continue reading

Posted in Economy | 7 Comments

ROSS GITTINS. Self-interest standing in the way of a fix for the Murray-Darling

Genelle Haldane, my desk calendar tells me, has said that “only until all of mankind lives in harmony with nature can we truly decree ourselves to be an intelligent species”. I’ve no idea who Haldane is or was, but she’s … Continue reading

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JOHN MENADUE. The failure of the National Party and Barnaby Joyce on rural poverty and rural health.

Country electorates have the most disadvantaged people, the poorest health and inferior health services.  But the National Party does very little about it. Does it care? Yesterday I referred to the disproportionate political influence of the National Party despite its declining … Continue reading

Posted in Economy, Health | 2 Comments

COLIN STEELE. Who Owns Australian Research?

Who owns the results of Australian research? Certainly, not Australian researchers, as they, and their institutions, continue to give away publicly funded research to multinational publishers. As a result, Australian research is largely locked up behind expensive multinational publishing firewalls, constituting a form of … Continue reading

Posted in Economy, Education | 1 Comment

MICHAEL KEATING. Trickle down economics and the Emma Alberici article.

The ABC says that their decision to withdraw Emma Alberici’s article was because it represented an opinion for which there is allegedly no evidence.  In fact there is plenty of evidence that increasing corporate profits will not lead to any … Continue reading

Posted in Economy, Politics | 6 Comments

MARC HUDSON. It’s 20 years since privatisation lit the spark under South Australia’s livewire energy politics

February 17, 2018, marks the 20th anniversary of a momentous day in South Australian energy politics. The then premier, John Olsen, announced that, despite repeated promises during the previous year’s state election campaign, his Liberal government would be putting the … Continue reading

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JIM COOMBS. Trickle Down – My Hat !

The orthodoxy of the Neoliberal Economics (Let’s call it Nasty prehistoric Unfair capitalism, NPUC for short) asserts in the face of universal contradictory evidence, that giving capitalism free reign benefits the poor and the weak. Pull the other one!

Posted in Economy, International Affairs | 2 Comments

EMMA ALBERICI. There’s no case for a corporate tax cut when one in five of Australia’s top companies don’t pay it.

There is no compelling evidence that giving the country’s biggest companies a tax cut sees that money passed on to workers in the form of higher wages.

Posted in Economy, Media, Politics | 28 Comments

RICHARD ECKERSLEY. Closing the gap between the science and politics of progress (Part 2 of 2)

Global politics is based on an outmoded and increasingly destructive model of human progress and development. In the second of two parts, RICHARD ECKERSLEY examines the critical nexus between science and politics in redefining progress.

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MUNGO MacCALLUM. Supply and demand.

Our mild-mannered Prime Minister has become an uncompromising economic fundamentalist. “The law of supply and demand,” he proclaimed, “cannot be suspended.”

Posted in Economy, Politics | 4 Comments

IAN VERRENDER. Why global markets are in free-fall

It was always going to be a tough ask. How to remove all that stimulus, all those trillions of freshly minted dollars in emergency money from an economy, without causing conniptions on financial markets?

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St.Vincent de Paul Society

  INDEPENDENT, NON-EXECUTIVE DIRECTORS (Three opportunities) Please click here for more details. Applications close on Monday 19 February 2018.  

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MUNGO MacCALLUM. Merchants of death

Australian government has in recent years, become debased – opportunist, secretive, poll-driven, fixated on short term political gain and unwilling to engage in serious issues when (as is always) they interfere with its internal wranglings.  It has been depressing and … Continue reading

Posted in Defence/Security, Economy | 11 Comments

IAN McAULEY. Has Labor lost its nerve on private health insurance?

In his Press Club address last week Bill Shorten made some unflattering remarks about private health insurance. But every indication is that an incoming Labor government will maintain, or perhaps even strengthen, support for private health insurance. An opportunity to … Continue reading

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JOHN MENADUE Talking free trade and practising protection.

Malcolm Turnbull and Julie Bishop often talk about the importance of free trade and what they have done in numerous free trade agreements.  The benefits of these have been exaggerated, but there have been some marginal benefits. But the continual … Continue reading

Posted in Economy | 1 Comment

SUE WAREHAM. PM Turnbull’s ‘jobs’ argument for war profiteering is a sham.

PM Turnbull’s push to make Australia a major weapons exporter puts paid to any pretence we might have of being a peace-loving nation.  And his claim that it’s all about jobs is a sham.  War profiteering is one of the … Continue reading

Posted in Defence/Security, Economy | 3 Comments

MICHAEL MULLINS. The mission of a bank nerd.

The vigilance of nerds – or mavens – enhances the wellbeing of us all. Their scrutiny keeps businesses on their toes and non-nerds are less likely to be exploited.  If everybody was a bank nerd, the banking royal commission would … Continue reading

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DAVID JAMES. Welcome to the Matrix of materialism

A visitor from before the 20th century would be stunned to see the extent to which the world is now dominated by materialism. It has many dimensions.

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HENRY SHERRELL. Assessing the effect of recent 457 visa policy changes

On 18 April 2017, the Turnbull Government announced the abolition and replacement of the 457 visa program. A number of new visa eligibility criteria were introduced immediately, and formal abolition will follow on 1 March 2018, when the 457 visa … Continue reading

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GREG WOOD. The TPP-11 : Discarding Australia’s Sovereignty

The latest iteration of the Trans Pacific Partnership (TPP) now comprises 11 countries, the US not included given President Trump’s strongly stated, but not explained, aversion.  The agreement’s revised text won’t be made public until signature, scheduled to take place … Continue reading

Posted in Economy | 5 Comments

ANDREW FARRAN. A hard or soft Brexit. More likely Black and White

Letter from London  Britain finds itself trapped like a fish with no way out other than capitulation to the best terms it can get – in relation to which the remaining 27 EU members have the upper hand.  

Posted in Economy, International Affairs, Politics | 3 Comments

GOOD READING AND LISTENING FOR THE WEEKEND …

On Saturday Extra this 27th January Geraldine Doogue is discussing the cost of government consultants with Julian Hill, ALP member for Bruce and businessman Tony Shepherd; Changes to gambling laws with Charles Livingstone from Monash University and Sam Duncan from … Continue reading

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EMMA ALBERICI. Sugar tax and the power of big business: How influence trumps evidence in politics

Australia markets itself as a liberal democracy committed to the principles of equality and fairness.  But in practice, those with clout or money or both can influence public policy in a way other members of the public cannot.

Posted in Economy, Health | 3 Comments

IAN McAULEY. Reframing public ideas Part 8: Choice

Market-based capitalism, we are told, brings us choice. But often “choice” is within a limited range of similar products and services. In the name of supporting markets we can be denied the choice of being able to share services with … Continue reading

Posted in Economy | 2 Comments

JIM COOMBS. Reverse Robin Hood: rob the poor to overstuff the rich.

To take but two examples, Education and Tourism, it seems our economic system is designed to service the desires of the already well-provided-for. 

Posted in Economy | 2 Comments

MICHAEL KEATING. The Trump Tax Cuts and Economic Growth

The forecast positive impact of the Trump tax package mainly results from a temporary incentive to bring forward business investment. This is irrelevant to the cuts in company tax rates proposed by the Turnbull Government, and cannot be used as … Continue reading

Posted in Economy, Politics | 2 Comments