July 2021

Going to hell in a handbasket

featuring Ebony Bennett and Richard Denniss

Births declining, fewer people working, health funding will double and deficits for years to come. The latest Intergenerational Report (IGR) has been released and the government wants you to be scared. But it turns out the IGR is rubbish at making predictions. Join Richard Denniss as he uncovers the hidden assumptions buried in the Intergenerational

June 2021

Richard Denniss explains why he’s returning his alumni award for National Leadership the University of Newcastle in the wake of Mark Vaile’s appointment as chancellor

by Richard Denniss in Newcastle Herald

You can’t be a leader if you follow people down the wrong path, which is why, with a heavy heart, I am returning the alumni award for National Leadership the University of Newcastle bestowed on me in 2017. I cannot understand how the council of a university whose motto is “I look ahead” could appoint

May 2021

Josh Frydenberg’s wages trap

by Richard Denniss in Australian unions

Josh Frydenberg is playing us all for mugs – and I’m not talking about those ridiculous “Back in the Black” coffee cups he had made in 2019. With his third Federal Budget, Frydenberg has delivered on Matthias Corman’s strategy, which he revealed when he let the mask slip in an interview with Sky News on

The government’s embrace of ‘clean hydrogen’ helps no one but the fossil fuel industry

by Richard Denniss in The Guardian

Nothing captures prime minister Scott Morrison’s approach to climate change better than his embrace of “clean hydrogen” – a BS marketing term that delivers nothing but obfuscation and helps no one but the fossil fuel industry. Tellingly, this approach isn’t even new: Morrison has simply dusted off an old polluter playbook and changed a few

April 2021

How can NSW allow new coalmines while committing to net zero emissions? It’s bizarre

by Richard Denniss in The Guardian

New mines won’t boost world demand for Australian coal — but they will cannibalise jobs from existing coalmines The New South Wales government is simultaneously committed to a net-zero emissions target for 2050 at the same time as new coalmines in the Hunter Valley with the capacity to produce 10 times more coal than Adani’s

Why we should pause approvals of new coal mines

featuring Ebony Bennett and Richard Denniss

Why are new coal mines like melting ice cream? In today’s episode, Richard Denniss explains the economics of coal, why Malcolm Turnbull has been in trouble with the Liberals and why we need to pause approvals of new coal mines. Host: Ebony Bennett, deputy director, the Australia Institute // @ebony_bennett Guest: Richard Denniss, chief economist,

We should be funding stress leave and high-quality PTSD care for all victims of abuse

by Richard Denniss in The Guardian

Australian ministers suffering stress are provided with more taxpayer support than victims of violence Practical support for the thousands of Australian women who are sexually or physically assaulted by men is not simply woefully inadequate, it is nonexistent. If you are a casually employed woman in Australia who is raped or assaulted you are entitled

Is Malcolm Turnbull the only Liberal who understands economics and climate science – or the only one who’ll talk about it?

by Richard Denniss in The Conversation

Yesterday, former Liberal prime minister Malcolm Turnbull was unceremoniously dumped as chair of the New South Wales government’s climate advisory board, just a week after being offered the role. His crime? He questioned the wisdom of building new coal mines when the existing ones are already floundering. No-one would suggest building new hotels in Cairns to help

March 2021

Australia has shown you can take on big companies – and win

by Richard Denniss in The Guardian

Big companies are always threatening to take their bat and ball and leave our shores, and Australian politicians usually beg them to stay. Whether it’s cutting company taxes or promising weak IR and environmental laws, for decades the Australian government has behaved like a lonely kid who worries the cool kids won’t talk to them

February 2021

The Liberals’ agenda is bad for regional Australia – but the Nationals play along anyway

by Richard Denniss in The Guardian

The National party represents many electorates which have high rates of unemployment and people receiving government support payments, and a high proportion of workers on the minimum wage. So you can see why they spend so much time attacking industrial laws, renewable energy and “urban elites” – creating blame is a lot easier than creating

Google and the use and abuse of economic modelling

featuring Ebony Bennett and Richard Denniss

In its efforts to avoid regulation, Google commissioned economic modelling showing that Google providing tens of billions of dollars in benefits to Australia – but the figures quickly fell apart on closer inspection from the Australia Institute’s Centre for Responsible Technology. In this episode, chief economist Richard Denniss talks us through some of the assumptions

Scott Morrison knows setting a net zero target means picking a fight with the National party

by Richard Denniss in The Guardian

The prime minister’s initial target of beginning the rollout of Covid-19 vaccines “as soon as January” is in tatters and mid-February is looking shaky. Likewise, the target of “fully vaccinating” some 26 million Australians by October. But just because someone fails to hit a target doesn’t mean they shouldn’t have set it. On the contrary,

January 2021

Save lives or save the economy? That’s a false choice – and it’s obscene

by Richard Denniss in The Guardian

For the past year Australians have heard politicians, business leaders and conservative commentators argue that we need to balance the benefits of protecting Australians from Covid-19 with the costs of those protections to “the economy”. Should we close down risky venues or keep them open? Should we worry about the elderly who might get sick

Which jobs and what growth?

by Richard Denniss in The Monthly

We need to talk about the economy For decades we have talked about the size of the economy, but it is time we talked about its shape. For decades we have been told that if the economy grew faster it would solve all our problems, but it’s time we talked about which parts of the

December 2020

Stop believing in fairytales: Australia’s coal industry doesn’t employ many people or pay its fair share of tax

by Richard Denniss in The Guardian

Just as people in the Middle Ages mistakenly believed the sun revolved around the Earth, many modern-day Australians mistakenly believe our economy revolves around the coal industry. Of course, such misunderstandings aren’t an indictment of those who have been misled, but those who did the misleading. Galileo was imprisoned for life for the “heresy” of

Until recently, pressure on Australia to drop carryover credits had little impact. But times change

by Richard Denniss in The Guardian

by Richard Denniss [Originally published by Guardian Australia, 09 December 2020] Political pressure makes the impossible inevitable. Unfortunately, so much has been written about how democracy is broken, that it can seem churlish to point out that sometimes it works just as it is designed to: slowly, imperfectly and then suddenly. Take, for example, Scott

An unprecedented year: reflecting on 2020 with Richard Denniss

featuring Ebony Bennett and Richard Denniss

Let’s face it, 2020 has been a bit of a nightmare. This week, in our final episode of the year, Ebony Bennett and Richard Denniss revisit some of the Australia Institute’s predictions back in March 2020 and reflect on the way Australia’s economy and politics have changed this year in response to the pandemic. Mild

Digital Giants, Market Power and Media Diversity

featuring Ebony Bennett and Richard Denniss

Australia’s news media is one of the most highly concentrated in the world. Since 2019, more than 157 newsrooms have closed in Australia and many local, community and rural newspapers have ceased printing or gone digital only. It was in this climate that in 2018 the federal government tasked the Australian Competition and Consumer Commission

November 2020

Instead of taxing electric vehicles, heavy vehicles should pay more for the damage they cause

by Richard Denniss in The Guardian

by Richard Denniss[Originally published on the Guardian Australia, 25 November 2020] The purpose of the tax system isn’t just to collect revenue, it’s to shape society in ways we see fit. It’s no accident that fresh food is excluded from the GST and it’s no accident that the tax on alcohol is higher than the

The best way to help Australian manufacturing? Stop exporting gas

by Richard Denniss in The Guardian

by Richard Denniss[Originally published on the Guardian Australia, 12 November 2020] While it might seem heretical to suggest we stop exporting gas, it’s important to remember that we only started exporting gas from Australia’s east coast in 2015. But since that fateful day, the wholesale price of gas has risen from around $3 to $4 per

Is Scott Morrison angry that public servants got Cartier watches – or that the public found out?

by Richard Denniss in The Guardian

by Richard Denniss[Originally published on the Guardian Australia, 29 October 2020] Cartier watches, free rent and taxpayers picking up the tab for $118,000 worth of personal tax advice — Australia’s best paid public servants have been on quite the spending spree and the prime minister has made it clear that he is very, very angry.

Media Enquiries

Anna Chang Communications Director

0422 775 161

anna@australiainstitute.org.au