Opinions
December 2022
Power Politics: All the best Policies we’re not Allowed to Talk About
Just as a fish can’t taste the water it swims in, it is hard for Australians to notice how bizarre our climate and energy policy debates have become. We have seemingly abandoned economics, climate science and even opinion polling when it comes to identifying options for reform. The only way forward is what the fossil
Jailing climate protestor Violet Coco shows anti-protest laws have gone too far
The anti-protest laws that have swept the country are a threat to us all, even if you’ve never attended a protest in your life. Governments are writing and passing laws which authorise companies to legally cause harm to our community and environment, while jailing individuals seeking to stop such harm through non-violent protest. The draconian
Why a biodiversity market doesn’t work
The spot price for squirrel glider credits in New South Wales last month was $425. That was down a touch from $450 in August, when koala credits were going for $600 – they’d more than tripled since June.
The economy is slowing as the Reserve Bank hits the brake
The build up of savings during the pandemic is over – now we need strong income growth to keep the economy going as the Reserve Bank tries to slow it.
Should flying between Canberra and Sydney be abolished?
If a flight is so short you don’t have time to finish your complementary cheese and biscuits before having your rubbish whisked away for landing, chances are there’s a more environmentally friendly and convenient way of getting to where you’re going. The French Government’s recent decision to ban short haul domestic flights between cities that
The Reserve Bank needs to watch that it doesn’t push the economy off a cliff
For most of this year, the warnings and news about inflation have been one of hope for the best but experience the worst. Predictions of future inflation growth have continually been revised upwards and with it has been the suggestion that interest rates need to keep rising.
November 2022
What’s next for the Climate Change Authority?
The Climate Change Authority has been strengthened after successive Coalition governments stripped it of its potential, but its role and independence remain in doubt
A sea of evidence to absorb
Momentum is building to fundamentally improve the way we care for and use our coastal waters, ahead of the Australia Institute’s Tasmanian Ocean Summit today.
Rough times ahead for Australia’s economy as oil, gas and coal companies celebrate
The latest economic outlook from the OECD highlights the precarious path for Australia over the next few years.
Wages growth improves but real wages fall at a record rate
The latest wages price index figures show that for the first time since 2013 wages grew by more than 3% in the past year.
Gas companies are profiting off of human misery – we need a windfall profits tax
Russia’s illegal invasion of Ukraine caused a massive surge in gas and LNG prices that have enabled gas companies around the world, including Australia to make record-level profits.
Multi-Employer Bargaining Necessary for Fixing Wages Crisis
Proposed reforms to Commonwealth industrial relations laws would create more opportunities for collective bargaining to occur on a multi-employer basis, rather than being limited solely to individual workplaces or enterprises. Business groups have attacked this proposal as a dramatic change that would supposedly spark widespread work stoppages and industrial chaos.
With household incomes set to fall, we need to think about what matters in the economy
The current tightening of monetary policy is undoubtedly having an impact. While it may take some time for the slowing of inflation to flow through to the official CPI figures – especially given the level of inflation that is being imported – the economy is set to slow drastically.
It all adds up for pollies, the truth is out there
Tasmanian MPs will continue to debate new political donations disclosure laws, and amendments to the Electoral Act, in Parliament next week. But will our elected representatives grab this opportunity to introduce truth in political advertising laws for Tasmania?
Would further interest rate rises do more harm than good?
In the past 7 months, the Reserve Bank has increased the cash rate by 275 basis points. That is as fast as any time since the RBA became independent. Given the pace of inflation growth, the rises are not wholly without cause, but as policy director, Greg Jericho notes in his Guardian Australia column the main drivers of inflation are now easing, and wages are yet to take off. In that case, should the RBA continue to raise rates given it will only slow the economy further?
October 2022
Labor’s budget gives wellbeing focus a pathway to future prominence
Talk is cheap, the saying goes, but decades of neoliberalism and failed trickle-down economics means Australia needs to begin some new and more meaningful conversations about the kind of country we want to be.
How the government supports greenwashing
Unlike in almost any other country, Australia’s corporate greenwashing is being facilitated and encouraged by government. By Polly Hemming
Inflation is soaring and real wages are plummeting
On Wednesday the latest inflation figures showed that in the 12 months to September prices across Australia grew by 7.3% – the fastest rate since 1990.
Australia’s housing crisis is self-inflicted. We need four reforms to reverse it
How is it that in Australia, one of the richest countries in the world, we have a housing crisis where hundreds of thousands of renters can’t afford a roof over their head? To figure out why rents are soaring, we need to look at the broader political disease: we have spent about two decades trying
Families change but the same problems remain
The latest data from the Bureau of Statistics on families shows that more than ever before couples with dependants are both working.
Even if you were a neoclassical ideologue, Stage 3 ain’t it
In the past twelve months low-income earners have seen their real wages fall faster than ever before, their mortgage interest rates rise faster than ever before and, here’s the real kicker: their average tax rates actually increase. To be clear, someone working on the minimum wage has seen the amount of tax they pay rise
With a global recession looming the cure of inflation looks to be worse than the disease
This week the IMF released its latest World Economic Outlook. And the outlook is dire. Economic growth around the world was downgraded with recession-like conditions being predicted for many advanced economies including the USA, UK and much of the EU.
Jim Chalmers has a unique chance to remake Australia – or to squander $243bn on the rich
Jim Chalmers has a once in century opportunity to spend a quarter of a trillion dollars on nation building without going into a cent of debt. In fact, if he chooses his public investments well he could drive growth up, cost of living down, and pay down the Morrison Government’s debt faster than currently expected.
Liz Truss’ spectacular tax backflip gives Albanese a chance to do the same
UK Prime Minister Liz Truss’ remarkable decision to scrap her own tax cuts offers an incredible opportunity for the Albanese government. After weeks of outrage from voters, her own backbench and even the financial markets that once trumpeted the benefits of tax cuts, common sense and economic sense combined to deliver a timely, if humiliating, backflip. Here
The pandemic is yet another wake-up call that all of Australia’s workers must have sick leave
The ending of mandatory Covid isolation periods has also ended disaster payments for workers who don’t have access to sick leave. It’s time we faced up to the fact that the industrial relations rules have been creating the wrong kinds of work. That’s the bad news. The good news is we can change them if we want
Net Zero Fraud: How carbon markets conceal Australia’s fossil fuel expansion
Last week I attended the International Conference on Fossil Fuel Supply and Climate Policy to present on Australia’s state-sponsored greenwash and how carbon markets are being used by the Australian Government and industry to facilitate fossil fuel expansion.
Anti-Corruption Body Needs Sunlight, Not Secrecy
Corruption thrives in the dark, but this week Attorney-General Mark Dreyfus KC shone a welcome light into dark places by tabling the legislation to establish the National Anti-Corruption Commission (NACC) in Parliament. Whether the NACC will have the power to expose corruption to sunlight, or it is restricted to a dim torch beam is now
September 2022
The UK shows how bad the Stage 3 tax cuts will be
This week the UK government introduced massive high-income tax cuts – cuts that are not even as bad as the Stage 3 tax cuts here in Australia. And the reaction by the market was brutal. Investors saw the tax cuts for what they were – a redistribution of national income from the poorest to the wealthiest, that provided no economic growth. As a result the value of the UK Pound plunged.
They didn’t cause the inflation, but workers are expected to cure it
Last week before the House Economics Committee, the Governor of the Reserve Bank made it clear that the current rise in inflation has nothing to do with wages growth. And yet he also made it clear he expects workers to bear the brunt of the cost that comes from slowing inflation.
Uncle Jack Charles & the King
The spectacle that has accompanied the death of Her Majesty Queen Elizabeth the Second is something to behold. But the pomp and pageantry do little to conceal the faintly ridiculous aspects of being a constitutional monarchy, where leadership is conferred not by merit or means of election, but by divine right and accident of birth.
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