Economy
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Rethinking China and the new world order
The world is now experiencing a new era of multilateralism. The Quad (India, US, Japan, Australia) now sits alongside the G20, the G7, and has been joined by AUKUS (Australia, UK, US), and the great new vision of the Indo Pacific. BRICS, around for almost two decades, looks like it might expand to become a Continue reading »
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How has the Belt and Road Initiative changed the world?
The ten years of the Belt and Road Initiative has proven that the rise of China has not brought colonialism, disaster, war, refugees, and crises. Instead, it brought the world trade, commodities, tourists, infrastructure, economic growth and civilisation. No matter how Western politicians, media, and think tanks vilify the BRI, they cannot cover up a Continue reading »
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International students – where is the strategy?
There are twice as many international students from Singapore than there are from Indonesia studying in Australian universities, although Singapore has a population of 6 million and Indonesia has a population of 277 million. In 2019 (before Covid) more students in Australian universities came from Nepal than from any SE Asian country. Continue reading »
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China’s Military is built for defence, not to threaten others
In the final of this three-part series, I explore why China’s emphasis on expanding land and naval forces suggests its focus is on defence of its borders and seaborne trade, not offence. Continue reading »
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Why China is not planning to conquer other nations
Besides settling and securing its borders, China has no claims on other nations. Countries with grandiose territorial ambitions make no secret of them. This second article in a three-part series explores why China is not planning to conquer and occupy any other nation. Continue reading »
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Why China is not a threat: Sinophobia Unites Americans
Hatred of China is now the single issue that unites Democrats and Republicans. Having a perceived foe helps unite a deeply divided America internally, unless, of course, it becomes a losing cause. This three-part series explores how US narratives on the ‘China threat’ have become entrenched in the West, and why China is not a Continue reading »
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Waiting for the collapse of the ‘China collapse’ prediction
For the past one month or so, my wife has been on a self-guided tour of Europe, visiting friends and scenic spots. She told me on the phone recently that she could not help but argue with her friends and new acquaintances when they tried to convince her that China would “collapse” in two to Continue reading »
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The west destroyed Africa, Eurasia will revive it
Africa’s renaissance is already underway through partnerships with Eurasian powers Russia and China, whose significant contributions are already visible in security, economic, and institutional sectors throughout the continent. Continue reading »
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AUKUS consensus is collapsing under weight of Labor blunders
When Anthony Albanese addressed his federal electoral council on July 6 he rebutted criticism of AUKUS by saying Labor governments always have to prove themselves on national security. Continue reading »
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Let’s avoid more Covid disasters. The public already knows who to blame
During Australia’s Covid-19 pandemic response, some companies received billions in contracts made without tender, sometimes by ministerial intervention. It would be too much, of course, to hope that anything the inquiry into the pandemic response does to address this issue will be taken up with any enthusiasm by the Albanese government. It seems to have Continue reading »
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Anti-China rhetoric threatens thriving technology partnerships with China
Australia’s existing relationships and collaborations with China give Australian Industry and consumers a head start in the cost-effective use of some of the most important technologies of the future, including those vital to achieving net zero emissions. Most countries would give anything to be at the forefront of such developments, but Australian University researchers are Continue reading »
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America can’t stop China’s rise
There’s little doubt that the American government has decided to slow China’s economic rise, most notably in the fields of technological development. To be sure, the Biden administration denies that these are its goals. Janet Yellen said on April 20, 2023, “China’s economic growth need not be incompatible with U.S. economic leadership. The United States remains the Continue reading »
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On carrots and sticks and the unemployed
Australia’s main Active Labor Market Program, the Duttonesque sounding “Workforce Australia”, is the latest iteration of a long line of models for Employment Services inflicted on the unemployed since the demise of the CES 25 years ago. It’s yet another Morrison government turd that the Albanese government should have flushed away the minute the ink Continue reading »
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Strategic ambiguity: a weapon of mass destruction
Strategic ambiguity is the greatest oral weapon of mass destruction that the Western world has ever invented. Continue reading »
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Want to solve Australia’s housing crisis? Look to Vienna
What do you think of when you think of Vienna? Probably not a model for affordable housing in Australia. Continue reading »
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‘Little Crappy Ship’: report excoriates ship building program behind USS Canberra
A new US investigative report has excoriated the controversial Littoral Combat Ship (LCS) program which included the USS Canberra – commissioned in very unusual circumstances with great fanfare by the US Navy recently in Sydney. Should its revelations about the manifest failures in the USN’s procurement performance – with former officers describing the LCS class Continue reading »
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Rights are necessary but insufficient for the achievement of the full inclusion of people with disabilities
Two significant reports concerning people with disabilities are due be released. First will be the Independent Review of the National Disability Insurance Scheme and second, the findings of the Royal Commission into Violence, Abuse, Neglect and Exploitation of People with Disability. Underpinning both inquiries is Australia’s commitment to the United Nations Convention on the Rights Continue reading »
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War profiteers are a sign of a profoundly sick society
“War is good for business.” So reads a quote from an arms industry executive in a recent Reuters article titled “At London arms fair, global war fears are good for business” about Europe’s biggest arms show, the biennial Defence and Security Equipment International. You will probably be unsurprised to learn that Reuters does not name Continue reading »
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Navigating policy and power – Indonesia and Australia’s energy transition
Indonesia and Australia have more to gain from energy transition – and more to lose from inaction – than any two countries in the world. But the Indonesian government must navigate significant policy challenges to attract the capital it needs for a swift, just and orderly transition. Continue reading »
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Australia: Made for free trade and a tax on rent
There is no more important issue in Australian taxation reform than replacing current arrangements by efficient mineral rent taxation. That requires large analytic effort and effective political leadership. Success would bring high rewards to the Australian polity, and I expect electoral rewards to the Government that is seen as being responsible for a good outcome. Continue reading »
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From Biotech to AI
Can regulation of Biotechnology provide clues for the regulatory measures now required to limit risks in the use of AI? Continue reading »
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From America’s IRA to China’s eco-civilisation, a new global consensus is emerging. Globalisation and growth are out, redesigning society is in
This summer saw the hottest average global temperatures in the last 125,000 years. Europe is embroiled in war, with other conflicts raging around the world. The global economy is still reeling from the impacts of the first global pandemic since 1919. Experts are warning against the threat posed by our most advanced technological creation–artificial intelligence (AI). Continue reading »
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China, innovation, and competition with the US
The real American terror is not that the Chinese economy will grow bigger than the American economy – if it is not already – but that the Chinese mixed economy model will prove superior to the rampant free-market, greed model US billionaires and their peddlers promote. Continue reading »
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Our media won’t tell us but Huawei’s Mate60 is set to challenge iPhone
The moon waxes and wanes, the tide ebbs and flows, empires come and go but some empires come more than once. This is, once again, China’s time. While there have been moves to prevent this from occurring, one recent event proves they are unsuccessful. Continue reading »
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Wilful ignorance drives civilisation collapse
In May 1971, I published a full-page letter in The Australian addressed ‘To Those Who Shape Australia’s Destiny’. It was signed by 730 Australian scientists including Sir Mark Oliphant and Sir Macfarlane Burnett. Continue reading »
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Business should serve, not enslave
It is time for government to get the suits back under control and manage the economy for the benefit of us all. Continue reading »
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Government’s abject failure to understand the gas industry’s huge health impacts
Current articles on the government’s climate policies increasingly use words such as reckless, hypocrisy and betrayal referring to approval of coal mines. But it is even more difficult to find words to describe the gas industry’s infliction of pain on humanity by the approval of gas mines. Continue reading »
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Biden: Chinese among “bad folks” who do “bad things”
At a political fundraiser in Utah on 10 August, U.S. President Joe Biden described China’s economy as a “ticking time bomb”, adding that “That’s not good because when bad folks have problems, they do bad things”. It’s not only an unusually undiplomatic comment, but an unfair one that borders on the ridiculous. Continue reading »
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The Circuit Game: Oligopolies are distorting the economy
In orthodox theory, oligopolies are big, lean and efficient. Their size and efficiency should produce price cuts. Instead, in the real world, oligopolies undermine economic democracy. They price gouge. They outflank regulatory laws while regulatory cops sit on their hands. Can Andrew Leigh and Jim Chalmers limit the damage economic concentration imposes? Continue reading »
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Australia only has itself to blame for trade woes with China after siding with the US
Australia has no business playing the victim when the lines between strategy and economic interests have become increasingly blurred. Continue reading »
