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Category Archives: Economy
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!
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.
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.
Our mild-mannered Prime Minister has become an uncompromising economic fundamentalist. “The law of supply and demand,” he proclaimed, “cannot be suspended.”
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?
INDEPENDENT, NON-EXECUTIVE DIRECTORS (Three opportunities) Please click here for more details. Applications close on Monday 19 February 2018.
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
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
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
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
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
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.
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
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
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.
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
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.
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
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.
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
Former Science Minister Barry Jones complained that we tend to think of “capital” in terms of stuff that hurts when we drop it on our toes. It’s too easy to overlook other forms of capital – human capital, social capital, … Continue reading
British writer and columnist, George Monbiot, has recently published an important book about national and global politics and the need for radical, cultural and political transformation. Entitled “Out of the wreckage: a new politics for an age of crisis”, the … Continue reading
Many would agree it is now abundantly clear that a just and sustainable world cannot be achieved unless consumer-capitalist society is basically scrapped. It involves levels of resource use and environmental impact that are already grossly unsustainable, yet growth is … Continue reading
This article considers the future Budget outlook and argues that the key issue for tax reform is how best to raise the additional revenue that will be needed. The article builds on Ian McAuley’s recent post arguing that well-designed taxes … Continue reading
During Premier Li Keqiang’s visit to Australia in March, Australia and China signed a “Declaration of Intent” to accelerate a review of the provisions governing services trade and investment in the bilateral China Australia free trade agreement (Chafta). So far … Continue reading
Governments brag about the number of jobs created on their watch. Does our obsession with “jobs” distract us from other ways in which people can contribute to society and share in its bounty?
John Menadue. The Coalition, Barnaby Joyce rural poverty and rural health. (Repost from 16 January 2016)
It is not surprising that independents are making headway in country electorates. But what is the ALP doing?
Despite the evidence of the last few decades that ‘trickle-down’ economics doesn’t work, big business and its apologists in the media are calling for a company tax cut to stimulate investment. The reality, however, is that increased investment is principally … Continue reading
A streak of idealism runs across the pages of Pearls and Irritations. That is good. Political comment without idealism is mere gossip but what are the chances of fulfilling ideals in the real world?
Competition is a means of encouraging innovation and productivity, and bringing those benefits to the community. When it becomes an end in itself, however, it can impose costs on us all.