Economy
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AUKUS and military escalation – Who pays and who benefits?
On 12th March, IPAN ACT held a webinar in Canberra entitled AUKUS and Military Escalation – Who pays and who benefits? View the must-watch speeches from Alan Behm, Hugh White, Sue Wareham and Michelle Fahy below. Continue reading »
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US-China electric vehicle dispute shows old trade rules imperil climate action
“The climate crisis is too urgent for the U.S. or any country to allow outdated trade rules… to distract us from enacting bold climate policies,” argued one campaigner. Continue reading »
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Lunacy: Australia pays the US billions to “keep those Chinese at bay”
When Canberra told us we had to join the US in its cruel attempt to prevent a Vietnamese peasant army from overthrowing a US-armed Saigon government, some of us thought the politicians were plain stupid. Continue reading »
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America’s latest move to block China’s economic rise
US lawmakers have introduced a bill that would bar US mutual funds from investing in indexes that track Chinese stocks (Bloomberg). According to Bloomberg “The legislation targets mutual funds that invest in indexes tracking primarily Chinese stocks, rather than those investing in indexes that only include some Chinese companies, according to Sherman’s office. However, the Continue reading »
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Australia’s AUKUS tributes
Of course, at this time of rising living costs, economic uncertainty, and impending climate disaster, subsidising the British and American submarine construction industrial bases is the obvious priority. At least it seems that way to the Albanese government. Continue reading »
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Have we passed ‘Peak China’?
Saul Eslake, the renowned and independent economist, has updated his China chart pack which was last prepared in January 2023. The chart pack gives a bird’s eye view of the economic challenges China needs to address. By using the term ‘Peak China’, he does not mean that China will collapse, but that its future economic Continue reading »
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Why are Liberals trashing relations with WA’s biggest export customer?
Andrew Hastie and Tony Abbott are trying to install a candidate in WA who has written a fictional book to scare people about a Chinese invasion of Australia. Continue reading »
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BYD says plug-in electrics will exceed 50 pct of new car sales in China in next 3 months
The CEO of BYD, the Chinese giant challenging Tesla as the world’s biggest electric vehicle maker, says sales of New Energy Vehicles (NEVs), including battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), will make up more than half of all new cars sold in China within the next three months. Continue reading »
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Geopolitical grand larceny and its risks
One of the Ten Commandments says, with awkward bluntness: Thou Shalt Not Steal. Predictably, some are inclined to read certain qualifications in to this prohibition. As it happens, this sort of adaptive-thinking underpins arguments made in a recent article in the leading US journal, Foreign Policy. Continue reading »
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South Australia’s world-leading renewable transition is attracting flood of new industry
Will a grid based around wind and solar kill manufacturing and industry? It’s what the naysayers – the Coalition and conservative agitators – want you to believe, but the experience in South Australia, which leads the world in the uptake of wind and solar, proves the opposite. Continue reading »
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The campaign to destroy the GST
Australia’s system of GST distribution — despite some serious mutilation by WA — remains one of the most effective and fairest in the world. That’s why the NSW government wants to blow it up. Continue reading »
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Universities make astounding discovery: AUKUS lacks a social licence!
A not-so-happy anniversary: Usually, a first anniversary is an occasion for all-round rejoicing and back-slapping. So, it was to be expected that there’d be universal self-congratulation on the first anniversary of Anthony Albanese’s, Rishi Sunak’s and Joe Biden’s announcement on 13 March 2023 that Australia would purchase nuclear-powered attack-class submarines from the US as part Continue reading »
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Global economic and financial review
The American economy is strong, Australia’s economy has slowed to a standstill, and Xi Jinping is proving to be a dry economic rationalist rather than a warm indulgent socialist. Read on for this week’s global economic and financial review. Continue reading »
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How our tax system is making the rich richer. And the poor poorer
Australians frozen out of the housing market cannot expect that government is going to do anything that effectively closes the gap between current house prices and what most of the unhoused could afford as a deposit. Modern politicians of all stripes are all agreed that their political survival depends on doing the maximum to sustain Continue reading »
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Changing mindsets: From wealth creation to delivering retirement incomes
Australia’s superannuation system is based upon defined contributions, largely because that avoids the main weakness of many overseas systems based on defined benefits of rising costs for future generations. Continue reading »
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China’s falling exports to EU, US signals West’s economic decline
We have all no doubt have seen the bad news that China’s exports to the EU have reduced, China’s exports to the US are declining rapidly and, as a result of it, we’re being told by Western media that China is on the verge of collapse. Continue reading »
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ASEAN carpet baggers
Without a hint of embarrassment, Australian Treasurer Chalmers declared that ASEAN was ripe for the plucking by Australian business turbocharged by a AUD$2 billion fund. Continue reading »
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Hong Kong is losing competitiveness to cities on the mainland
The danger Hong Kong faces is not that it might become ‘just another mainland city’, but that it is already subpar to many of its urban cousins across the border. Continue reading »
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Questioning one’s views as circumstances evolve can be a good thing
Economics has achieved much; there are large bodies of often nonobvious theoretical understandings and of careful and sometimes compelling empirical evidence. The profession knows and understands many things. Yet today we are in some disarray. Continue reading »
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Aged Care funding taskforce fails to do its task
There is no argument that funding for aged care has to increase or that equitable funding requires that those with higher means pay more. The recommendations of the Aged Care Funding Taskforce fail to provide solutions on both counts, for older people needing care and their carers, providers, taxpayers, or government. Continue reading »
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China warns foreign hackers are infiltrating ‘hundreds’ of business and government networks
Top spy agency urges Chinese citizens to step up cybersecurity as attacks by overseas agencies have been ‘rampant’ in recent years. The message comes as Beijing broadens scope of anti-espionage law to cover online attacks and prepares to expand penalties for data violations. Continue reading »
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The sordid geopolitical saga of TikTok
The US considers TikTok a national security threat. It wants to ban TikTok or transfer its ownership to an American company. In doing so, it is displaying the very behaviour that that it ascribes to China and of which it does not approve. Continue reading »
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America is dumbing itself down. Banning TikTok won’t halt the slide
The US has created the conditions for the decline of its own society. Continue reading »
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Do China’s leaders fully grasp foreigners’ concerns about the country?
Beijing has been slow to address the visa and e-payment woes of foreign travellers, and some officials remain complacent about the exodus of foreign investment. Continue reading »
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Transforming for human survival: a challenge to ACT Legislators
It is not difficult to understand, nor to agree, with the growing numbers of thoughtful people who argue that humanity is on the brink of extinction. And that, without transformational change in the way, we think, and live, our descendants are doomed. Continue reading »
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Ukraine: the dangerous economics of the war of production
After two years of bloody trench warfare and aerial annihilation the economics of the war in the Ukraine are putting the means to end it yet further out of reach. With an avalanche of armaments being poured into the military vortex, the consequences of the unacceptably large losses of life and further massive destruction of Continue reading »
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Alice in Aukusland: America first and the stillbirth of ‘Australian’ SSNs
AUKUS has become a stillborn project. Continue reading »
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Six peculiar ‘Peak China’ myths we all should question
In recent years, there has been a notable shift among certain Western politicians, media outlets and think tanks regarding their perspective on China’s developmental trajectory. The once popular theory of an imminent collapse of China, famously asserted by Gordon G. Chang over two decades ago, has finally begun to lose traction. Continue reading »
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US can’t beat China, so it should join it in the EV revolution
Efforts to keep Chinese electric vehicles out of the US will only hurt American consumers and manufacturers in the long run. Instead, the Biden administration should embrace learning from Chinese carmakers to improve innovation and competitiveness. Continue reading »
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Why does the West abound with misreaders of China’s economy?
As 2024 marks the Year of the Dragon in the Chinese zodiac, whether this mythical creature should be named “Dragon” or “Loong” in English has puzzled many and stirred heated discussions. Continue reading »