Infrastructure
-
JAMES O’NEILL. The Belt and Road Initiative and Australian Foreign Policy: A Golden Opportunity
The Australian Cabinet recently turned down an opportunity to join the world’s greatest infrastructure project. The rhetoric and the approach disclose much about how Australia is failing to adjust to the realities of the 21st Century. Continue reading »
-
JOHN AUSTEN. Infrastructure misuse and mistakes – the Hume Highway.
The value of infrastructure depends on how well it is used. Australia’s main infrastructure problem is misuse of what we have; a symptom of an absence of sensible policies, advisory failures and lobbying to build monuments to keep the concrete flowing. This article, about the Hume Highway, is the first in a series on this Continue reading »
-
JOHN AUSTEN: The Commonwealth is ‘meddling’ in NSW rail – at last!
There are indications the Prime Minister wishes to modernise infrastructure policy. Reports regarding rail to Badgerys Creek highlight the discomfort this causes to the NSW Government- and enormous benefits if the Prime Minister gets Commonwealth involvement right. Continue reading »
-
JOHN AUSTEN. Where to for Commonwealth infrastructure policy?
Legend has it that Charlton Heston flashed a Rolex wristwatch during a chariot race in the 1959 Ben Hur movie. Some recent Prime Ministerial comments could be considered flashes of a policy Rolex in an infrastructure discussion fitted to the setting of Ben Hur – in ancient Rome. Continue reading »
-
MARK GREGORY. A new broadband levy in another NBN bungle
The Turnbull government is set to introduce a new levy on telecommunications companies that offer 25 Mbps or faster internet connections to contribute towards regional and remote broadband. Continue reading »
-
JIM COOMBS. Public Goods
Before the advent of the “free enterprise market economy” model’s dominance of economic thinking, there was a distinction made between private and public goods. The idea was that some things had to be provided for a healthy, well-ordered society: such basics to our notion of civilization as universal water reticulation and sewerage (the most significant Continue reading »
-
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, Labor and Coalition, ever since 2009. The Government’s other claim is that it is “fair” Continue reading »
-
PAUL BUDDE. The role of the NBN in the development of 5G
From a network efficiency point of view fibre-based infrastructure will always win over wireless. … Don’t expect a rapid development of 5G services for the mass market. 5G will most likely be installed in pockets where there is a clear business case (for a premium service) and where there is plenty of fibre available to Continue reading »
-
It’s time for Labor to think big about policy – a people’s bank!
Tony Abbott is not the only one anticipating a change of government at the next election. Voters across the board are increasingly fed up with the Coalition and there are even signs that some of its most devoted cheer leaders in the media are beginning to give up on it. Dear old Alan Jones has Continue reading »
-
DAVID JAMES. Deconstructing the privatisation scam
It is increasingly evident how pernicious the privatisation myth is. Two recent examples have underlined it: the failings in Australia’s privatised energy grid and the usurious pricing in airport car parks. Both examples demonstrated that it is folly to expect a public benefit to inevitably emerge from private profit seeking. Continue reading »
-
Sydney house prices – an increase of 18.9% in one year!
With only a month to go to the federal budget, the news that Sydney’s median dwelling prices rose by 18.9% in the 12 months to March is sobering. It is surely enough to jolt the Turnbull government into finally adopting bold measures to curb speculative demand in the housing market. Calls to reform negative gearing and/or Continue reading »
-
RODNEY TUCKER. The Tragedy of Australia’s National Broadband Network.
A National Tragedy Australia’s National Broadband Network is heavily dependent on a soon-to-be-obsolete technology (FTTN) that most of the world has rejected. The FTTN-based network was sold to the Australian public based on an underestimate of Australia’s broadband needs (Tucker, 2014), and continues to be justified using incorrect estimates of the cost differentials between FTTN Continue reading »
-
JOHN TULLOH. The NBN – Another Inconvenient Truth
‘The nbn network is Australia’s exciting new landline phone and internet network. It’s designed to give you access to fast, reliable phone and internet services, no matter where you live’. NBN Connect Kit. Continue reading »
-
LAURIE PATTON and ROBIN ECKERMANN. Time for rational, informed debate about the NBN
We believe it’s time for the Government and the Opposition, and their respective sword carriers, to put down their weapons and strive to agree on a bipartisan NBN strategy that will deliver all Australians fast and affordable broadband – using modern technologies and an investment strategy that balances deployment costs with the demonstrable socio-economic benefits Continue reading »
-
JOHN AUSTEN. NSW rail projects – a lot of explaining to do
Yet more questions arise about projects set off by former NSW Transport Minister now Premier Ms Berejiklian. This time about light rail. As for the port privatisations and metro, real answers are yet to come. The sooner a Commonwealth inquiry gets to the bottom of all this the better. Continue reading »
-
GEORGE BROWNING. The non-existent Australian government energy policy.
It has been clear for some time that the normal capitalist approach of privatising everything does not work in relation to energy. Continue reading »
-
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 professional work I taught public economics. Who could be better qualified? But let me apologise Continue reading »
-
Older women need housing too
In the growing discourse around affordable housing, the federal and some state governments are edging forwards. Recently proposed changes have merit, but they may exclude poorer older women in need of housing. Continue reading »
-
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 eastern states. While the coal lobby and climate change deniers have blamed South Australia’s blackouts Continue reading »
-
LUKE FRASER. The ‘Big Picture’ in infrastructure: even more depressing than the little picture?
As news broke recently that the Sydney Metro project would necessitate the closure of Sydney’s Bankstown rail line for a few months each year until well into next decade, the latest State Transport minister urged everyone to ‘look at the bigger picture’. Continue reading »
-
Victoria’s recent housing affordability initiatives
Victoria’s Labor Government has made clear its determination to do something about housing affordability, recently announcing a suite of reforms – many aimed at first home buyers. The changes are for the most part designed to boost supply of homes both for purchase and rental. However, they also attempt to lower the barriers to purchase Continue reading »
-
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 for the chaos – the electricity supplier, the federal government, other states putting their own Continue reading »
-
OLIVER FRANKEL. Making housing affordable – Drawing inspiration from India and Singapore
Not many of those following the housing affordability debate in Australia would think of looking to India and Singapore for inspiration, yet the experiences of each of these countries are inspiring in their scale and ambition (and in Singapore’s case, already proven success), and could provide useful lessons for us as we attempt to deal Continue reading »
-
JOHN QUIGGIN. The case for renationalising Australia’s electricity grid.
The public debate over the problems of electricity supply displays a curious disconnect. On the one hand, there is virtually universal agreement that the system is in crisis. After 25 years, the promised outcomes of reform – cheaper and more reliable electricity, competitive markets and rational investment decisions – are further away than ever. Continue reading »
-
JOHN AUSTEN. The Sydney metro – the doubt and mess continues.
A little more real information about Sydney rail development is coming to light. It is not dispelling the doubts about metro. A decision on Badgerys Creek rail, which would have been straightforward without the metro, is now ‘years off’. The extent of metro disruption is becoming evident – spreading to even non-metro lines. Continue reading »
-
PAUL BUDDE. Australia needs a proper NBN.
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 Australia. Continue reading »
-
TIM AYRES. What We Leave Behind: The Case for Universal Inheritance, including an inheritance tax.
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 they face increasing debt and declining social mobility. Continue reading »
-
JAMES O’NEILL. ‘One belt one road’ (OBOR) – a new geopolitical paradigm.
The scale of the projects (OBOR) is astonishing. As of July 2016 China had more than 900 contracts in place or under negotiation with a propose investment value of over $900 billion dollars. This was in addition to a separate contract worth over $400 billion signed with Russia for the supply of natural gas. Continue reading »
-
JOHN AUSTEN. The Premier and privatisation; selling silverware for transport tupperware?
Commentators on Premier Baird’s years focussed on short term matters such as money from privatisations or inconvenience caused by infrastructure building. The most important question, the merit of infrastructure built with sale proceeds, may take years to answer. NSW will be lucky if it ends up with transport infrastructure of lasting value from the sale Continue reading »
-
JOHN MENADUE. Gladys Berejiklian and NSW Ports
As a former Minister for Transport, Gladys Berejiklian leaves a very dubious record in port privatization. The Chair of ACCC, Rod Sims has said ‘Privatisation (of NSW ports) is costing consumers and damaging economic reform’. Continue reading »