Economy
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Price-fixing to price-gouging
‘…price-protection is, and must always, remain the very first and foremost plank in any fighting platform worthy of the name, and hang the public!’ Southern Grocer, 1912. Continue reading »
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Comprehensive upgrade puts Australia in Vietnam’s top tier
The conclusion of a “Comprehensive Strategic Partnership” by two states leads few observers to experience frissons of excitement. However, the Partnership agreed yesterday between Anthony Albanese and Vietnamese Prime Minister Phan Minh Chinh is more than an announceable wrought by officials to garner a headline or two for their principals. Continue reading »
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How did Australia get seduced by AUKUS?
AUKUS. The most disastrous defence-policy mistake in our history: In a class of its own as an exemplar of bureaucratic incompetence. Continue reading »
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Boom or bubble: March market and economic review
Last Friday the All-Ords share index finally escaped its straitjacket of see-sawing sideways within a range of roundly 6,600 to 7,900 since April 2021. The All-Ords reached 8007.1 points, beating its previous high on the 4 January 2022 (7926.8). See chart below. Technical analysts view this breakout to be a particularly good omen. Continue reading »
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Government thrashes our democracy, removes RBA safeguards
The Albanese government is about to free the Reserve Bank of Australia from a rarely used constraint allowing a Treasurer to override a decision of the central bank, such as a policy to push interest-rates so high they cause a severe recession. Continue reading »
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Hugh White dismantles the AUKUS project
As opposition to AUKUS grows, the nuclear submarine project does not stand up to expert scrutiny. Continue reading »
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Submarines, stealth and STEM – stifling any AUKUS debate
The Australian government has decided to ignore critics of Aukus in parliament and the community. Rather it has moved to embed the idea of Aukus directly into the Australian psyche. Continue reading »
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Electric vehicles will crush fossil cars on price as lithium and battery prices fall
If it wasn’t already clear, the writing is now well and truly on the wall for the fossil car makers: Just a week after BYD launched its $US15,000 “Corolla killer” and with the world’s largest EV battery maker recently announcing it’s on track to cut battery costs in half this year, new research suggests the decline in Continue reading »
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The new Pericles: Marles, master of the Seas
Thucydides has Pericles, the great Athenian statesman and strategist, observe that “Mastery of the sea is no small matter”. The Defence Minister should have been mindful of Pericles’ words as he launched the Enhanced Lethality Surface Combatant Fleet (ELSCF). Or he might have recalled Pericles’ caution that “I am far more afraid of our own Continue reading »
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Australia’s India bet: Not a lay down misère yet
When do shared values become shared interests? Australia’s relations with India have accelerated exponentially. The nearly century-long pattern of discovery and rediscovery of India by the Australian polity is now history. Durable knots are being tied across the spectrum of political, economic, and social issues. Continue reading »
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One last chance for the low paid to receive tax equity
21 days after the Federal Government did an about-face on its earlier promise to maintain the previously legislated income tax regime, it has secured passage through the House of Representatives of major changes to Australia’s income tax legislation. But speed and the evident equity in the major part of those changes, principally directed at “middle Continue reading »
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A welcome new approach to economics
“The Alternative: How to build a just economy” by American author, Nick Romeo, that has been published by Basic Books UK in recent weeks, is a welcome arrival to a human world in crisis. Continue reading »
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As a new world war rages, an anxious China walks softly
A new world war is underway. For those living in developed countries, where gruesome battles remain mere headlines, it may not feel like the earth is burning, but in 2022 a total of 180 military conflicts (defined as resulting in 25 battle-deaths or more in that year) occurred worldwide. The final statistics for 2023 compiled Continue reading »
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Stop Australian charitable donations to the Settler Movement in the Occupied Territories
Despite the strong words being used by Anthony Albanese in conjunction with the Canadian and NZ governments to indicate Australia’s deep concern against a “devastating” and “catastrophic” ground offensive in Rafah in Gaza, or the ongoing proceedings in the International Court of Justice, it is high time that Australia actually went beyond words, and start Continue reading »
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The future of tax reform
There are recurrent calls for tax reform, but it is typically too difficult to achieve a consensus. However, the necessary action to reduce carbon emissions by introducing a tax on carbon emissions could result in most people being better off and thus achieve broad support. Continue reading »
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Bewilderingly unsophisticated: ASPI deputy director fires up China threat megaphone
Alex Bristow’s recent piece on China (“Don’t sidestep the China problem in public debate on defence”, Australian Financial Review, 14 February) demonstrates the extent to which the Australian Strategic Policy Institute has become a cheerleader for the US military-industrial complex. Continue reading »
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Why the West sees China as a threat
China is threatening to the West because it provides an example of how a poor and technologically backward country can effectively defy Western domination of the mind and body. Continue reading »
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Indonesia’s nickel supremacy: China’s backing and Australia’s decline
Australia is no longer competitive in the nickel market, largely due to Indonesia’s recent domination in the sector. This domination strategy has been carefully planned by Indonesia as it looks to boost its downstream industrial policy in critical minerals processing with the backing of Chinese investments. Continue reading »
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Why human beings prostitute themselves to corporations, billionaires and foundations
The power of money to distort humanity’s view of our situation only works because human beings prostitute themselves to corporations, billionaires and foundations. If you know anyone who works for the biggest companies of the world in media, finance, and technology, then ask them why aren’t they rebelling inside those companies, to make it less Continue reading »
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Restoring Australia’s prosperity by becoming a superpower
The debate about climate change is far too often in denial. It needs to change to focus on the positives of how Australia can become a Superpower based on green energy and products that rely on green energy. Continue reading »
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Pulling a Swiftie
Swiftie: “A piece of sharp practice; an act of deception; a trick, esp. in the phrase to pull a swiftie”. The Australian National Dictionary. Continue reading »
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Does closing the loopholes matter?
Three big things have happened with the passage of the second half of the ‘Closing Loopholes’ Bill through Federal Parliament on Monday. Continue reading »
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We need to talk about Gina and Andrew
Natural resources are owned by the people of Australia, but mining companies don’t like paying us for the resources they take out of the ground. And when they look like having to pay more, their response is swift and brutal. Continue reading »
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Why do Chinese EVs meet so much resistance?
There was a time when the world looked to China to reduce its emissions. China was, they quite rightly pointed out, one of the globe’s worst polluters. Continue reading »
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Greedy businesses deserve part of blame for cost of living crisis
The nation’s economists and economist-run authorities such as the Reserve Bank have not covered themselves in glory in the present inflationary episode. They’ve shown a lack of intellectual rigour, an unwillingness to re-examine their long-held views, and a lack of compassion for the many ordinary families who, in the Reserve’s zeal to fix inflation the Continue reading »
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A green driving force
China plays a key role in accelerating the global development of the electric vehicle industry Continue reading »
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Complicit: Victorian government’s secret Israeli Defence Ministry MOU sparks outrage
Last month, news bubbled that the Victorian State government had inked a memorandum of understanding (MoU) with the Israeli Defence Ministry in December 2022. “As Australia’s advanced manufacturing capital, we are always exploring economic and trade opportunities for our state – especially those that create local jobs,” a government spokesperson stated in January. Continue reading »
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Charging for aged care at home – splitting hairs and shifting loads
A number of commentators have proposed that the Aged Care Funding Taskforce would, and indeed should, recommend increasing user charges. With particular reference to services delivered through Commonwealth Home Care Program (CHSP), this step would be achieved by splitting care services and ordinary daily living supports; the former would be subsidised and clients would pay Continue reading »
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China’s worrying economic policy drift
The Rhodium Group, an independent research organisation with a focus on China, says the nation’s economic policymaking process has stalled with it refusing to announce meaningful actions to overcome its pressing property and share market crashes let alone forge a clear path for the future. The full paper can be accessed here. Continue reading »
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How Albanese could tweak negative gearing to save money and build more new homes
There are two things the prime minister needs to get into his head about tax. One is that saying he won’t make any further changes no longer works. The other is that negative gearing doesn’t do much to get people into homes. Continue reading »