Opinions
May 2017
Adani and the end of subsidy denial
It’s not clear whether Adani will win its battle to build its enormous new coal mine. But what is clear is that the coal industry, and the political right, have already lost the war. The enormous subsidies required to make the Adani mine “commercial” have killed once and for all the myth that coal mining
Palaszczuk and Turnbull governments are Adani mine’s lonely fans
Australia isn’t trying to stop global warming, we’re subsidising it. While here in the ACT we’re on track to source 100% of our electricity from renewable energy by 2020, in Queensland the state government is doubling down on the number one contributor to climate change – coal. Despite banks, economists and the Australian people showing
Budget 2017: Banks and miners can just pay up
The big banks have just discovered what Australia’s unemployed have known for some time, in modern Australia it is risky to be the underdog. For the last decade, at least, Australian politics has revolved around what you can get away with, not what the country needs, and the results have been nasty. And as the
April 2017
Coalition should be rejecting populist subsidies for Adani’s rail line
Barnaby Joyce says the federal Coalition’s desire to subsidise Adani’s Carmichael coal mine means the government will attract “some flak” from environmentalists. No doubt there will be, but he might do well to prepare for some friendly fire as well. [This article was first published in the Australian Financial Review – here] The government should expect some flak
Why big business doesn’t care about deficits
Two days after demanding $48 billion worth of tax cuts, BCA president Grant King warned us that “if we don’t make changes, if we don’t get on top of the budget deficit, debt is going to be rising and it will be a burden for generations to come”. [This article was first published by the Australian Financial
March 2017
Don’t Pop Champagne Corks Over Longest Growth Streak
On April 1, Australia will surpass the Netherland’s old record to mark the longest unbroken expansion of real GDP in modern history. While this result permits much chest-thumping on the part of some politicians, we should never assume that there is an automatic correlation between GDP growth and the well-being of people, society, and the environment.
How to invent a clean energy company
This was first published in EcoGeneration online on 8 March 2017 and in the print edition. The common view of invention is that it is unexpected. The people who do it are extraordinary individuals. There are risk takers but also naturally creative geniuses. Ancient Archimedes came up with his theory of buoyancy by his spontaneous
Murky communication won’t help the clean energy cause
This was first published in EcoGeneration online on 20 Jan 2017 and in the print edition. Prime Minister Malcolm Turnbull put innovation on the national agenda when he defeated PM Tony Abbott in the leadership spill, in September 2015. Turnbull said “We have to recognise that the disruption that we see driven by technology, the
Where did all the rationalists go?
Are there any economic rationalists left in the Australian business community? Where are the fiscal conservatives when you need them? [This article was first published in the Australian Financial Review – here] Hard headed budget hawks are missing in action when it comes to our governments giving a $1 billion subsidy to help build the
Debt phobia is doing long-term harm
The Coalition Government is still paying a heavy price for Tony Abbott’s “ability” to simplify complex policy issues down into three-word slogans. His promise to “stop the debt” worked a treat for him in opposition but it made him look a failure as Prime Minister when debt grew rapidly on his watch. [This article was
February 2017
Employers’ pyrrhic penalty rates win reflects self-defeating economics
The Fair Work Commission unveiled its long-awaited decision on penalty rates for Sunday and holiday work this week. Penalty rates for most retail and hospitality workers will be cut, by up to 50 percentage points of the base wage. Hardest hit will be retail employees: their wages on Sundays will fall by $10 an hour or more. For regular weekend workers, that could mean $6000 in lost annual income.
The fossil fuel industry and its alternative facts
In a post-truth world, the ability of an industry to generate its own “alternative facts” is likely to be an asset in the short term and a liability in the long term. Indeed, for those who crave certainty and value continuous disclosure, the willingness of some firms to move well beyond simply putting a positive spin on
When did Donald Trump become Malcolm Turnbull’s celebrity tax adviser
Malcolm Turnbull is using Donald Trump as a celebrity endorsement for his plan to give corporate Australia a $50 billion tax cut. But, like all dealings with people who are famous for being famous, the risks can be greater than the returns. Take Trump’s views on free trade. First published by the Australian Financial Review
January 2017
Billionaires get more leeway than vulnerable citizens. It’s obscene
When politicians spend taxpayers money flying themselves to fundraising parties or flying to their own weddings, we leave it up to the politician to decide if their claim is “outside of entitlement”. First published on The Guardian – here When it comes to income tax we allow people to claim $300 worth of tax deductions without receipts because
The Turnbull government has a silver foot in its mouth
The travel rorts scandals make the Turnbull government look like it’s out of touch, but its plans to give $50 billion in company tax cuts over the next 10 years are about to prove it beyond doubt. First published in the AGE and Canberra Times – see here. This time last year Prime Minister Turnbull
Expenses scandal shows need for national anti-corruption body
Is it any wonder that voters who don’t believe politicians’ travel expense claims are fair dinkum won’t believe their claims about the benefits of economic reform either? Trust is hard to earn and easy to lose. —First published by the Australian Financial Review here— While much has been made of “the optics” of the government
A divided nation needs its institutions more than ever
Make no mistake, some of our most important civil and political institutions are under sustained and deliberate attack. And as 2016 draws to a close, when it seems politics is more divided than ever, it’s even more important to protect and defend the bedrock institutions of our democracy. First published by The Canberra Times –
December 2016
Government debt would be zero if we had Howard tax levels
This op-ed was first published on 19 December on Crikey here > https://www.crikey.com.au/2016/12/19/rudd-gillard-and-abbott-cut-taxes-a… The debate surrounding MYEFO and whether Australia has a credible path back to a surplus should start by remembering how we got here. If Scott Morrison had delivered much of Peter Costello’s taxation ratio the budget would not be in deficit today. This
The notion of evidence-based policy in Australia is dead
The notion of evidence-based policy in Australia is dead. While it’s been in poor health for some time, it was finally killed by the Coalition backbench last week and replaced with “gut instinct” and “the pub test”. First published by the Australian Financial Review – here When Deputy Prime Minister Barnaby Joyce was recently quizzed
November 2016
Do we want house prices up or down?
Just as market forces were about to push the price of housing down in Australia, the Treasurer stepped in with some new regulation. Phew. Some first home buyer’s nearly snatched a good deal, but luckily the Treasurer was there to protect the property developers from the oversupply their building bonanza created. [First pubished by the
Interest always trumps ideology
In the modern version of “the battle of ideas” political interests trump political ideology nearly every time. Take, for example, the alleged supporters of “small government” who have been strategically silent as the Australian resource industry pushed for a $100 billion, wholly government owned, nuclear waste dump in South Australia. First published by the Australian Financial Review
Some jobs are more equal than others
When Tony Abbott promised to shed more than 13,000 full time jobs from the public service there was a deafening silence from the Australian business community about the impact of job loss on Canberra communities and families. Likewise, you could hear crickets when Campbell Newman sacked 10,000 teachers, nurses and other Queensland public servants.
October 2016
Renewable Energy Culture Wars
Now that the tram war has finally been won, it is probably time to get back to arguing about renewable energy again. Regardless of whether the Canberra Liberals stick with their new-found support for the ACT’s 100 per cent renewables target or not, the hard right in the Federal Coalition has already made it clear
New taxes are not political death
The ACT election result is further proof that Australian conservatives have a tin ear. Either that, or because they spend so much time telling voters scary stories about taxes and public debt that there is simply no time to listen to what the voters are really want. First published by the Australian Financial Review –
Denying The Downside Of Globalization Won’t Stop Populism
The rise of anti-globalization sentiment, including in Australia, poses a big challenge to mainstream politicians who’ve been trumpeting the virtues of free trade for decades.
The Liberals own climate wars
Does the Prime Minister think ACT energy policy is visionary or vapid? First published in the Australian Financial Review – here Australian policy debate is like a drunken mob looking for a spilt pint to fight over. Even before South Australia’s lights came back on the culture warriors were out blaming wind turbines for causing
September 2016
Is this a new low: politicians using a natural disaster to push a fact-free agenda?
Unburdened by evidence, anti-wind campaigners used the South Australian blackout to kick off a debate about renewables while others waited for facts. First published by the Guardian Australia – here. Normally natural disasters are off limits to politicking, at least in the period straight after the event. So it was pretty awful watching politicians and
Barnett and Costello: how to waste a boom
Successful investors let their winning bets run while quickly cutting their losses. But while the strategy of “spreading your bets” and “failing fast” might work for venture capitalists, it doesn’t work well for prime ministers. A chief executive that shuts down an underperforming factory is decisive; a PM who abandons Tasmania or regional Western Australia is divisive.
Theoretical purity from Climate Authority dissenters stymies climate action
First published in the Australian Financial Review – here. For the past decade the 10 per cent of the business community that profits from causing climate change has made 90 per cent of the noise about the dangers of introducing effective climate policy. But now, as the market cap of the mining sector has withered
August 2016
Both risk and opportunity in energy and environment merger
Malcolm Turnbull’s decision to merge the environment and energy portfolios could lead to a breakthrough in the toxic climate politics of climate first triggered when he was rolled by Tony Abbott in December 2009. Full article on Guardian Australia – here. Dan Cass, Strategist, The Australia Institute @DanJCass
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