October 2013

In infrastructure funding, nothing is certain save debt and taxes

by Richard Denniss in The Australian Financial Review

While the Coalition is yet to turn around a boat carrying asylum seekers, it has already made a stunning turnaround on the issue of government debt. Having raged against the ALP’s high-taxing, high-spending ways for the past six years Joe Hockey now wants us to be a bit more sophisticated in our approach to public finance. After spending years

September 2013

Time for the major political parties to acknowledge their significant others

by Richard Denniss and Brenton Prosser in On Line Opinion

Australia has listened, it has voted and it has decided. Australia wants political arrangements ‘other’ than what the major parties intended. It’s not what Sophie Mirabella expected before being ‘outgunned’ by the independent forces of Cathy McGowan and Tony Windsor. It’s not what ALP faceless man, Don Farrell, expected when he gave up his number

Micro parties with macro powers

by Richard Denniss in The Australian Financial Review

Small reforms to Senate preference voting could deliver a better and more stable system for everyone. A simple solution would be to ensure that parties which polled below a threshold, say 2 per cent, could disburse but not receive preferential votes. Such an approach would ensure no votes were “wasted” but at the same time

August 2013

Why all the hang-ups over a hung parliament?

by Richard Denniss and Brenton Prosser in Crikey

With polls showing we may be on track for another minority government, suddenly we seem surrounded by cries of “not another hung parliament”. And segments of the media and business are again raising exaggerated fears about the “risk and uncertainty” or “instability and short-termism” that will accompany such an outcome. But the fact is that

PR spin is big business

by Richard Denniss in The Canberra Times

When politicians lie, make things up or simply get important things wrong, we take for granted that it is the role of their political opponents to highlight such errors. Our politicians are so focused on each other’s words that a mere slip of the tongue can become a news story for days. This isn’t so for

July 2013

What the rich would do to avoid tax

by Richard Denniss in The Australian Financial Review

Is economics a science? When we teach economics students, we usually tell them that they are learning about “the science of the efficient allocation of scarce resources”. But when we listen to public debate, often economists don’t sound very scientific. While it is often said that science can’t proceed without failure, it’s rare to hear an

Business should be wary of cuts

by Richard Denniss in The Australian Financial Review

Last week, the newly installed Prime Minister Kevin Rudd challenged Tony Abbott to a debate about public sector debts and deficits. If it goes ahead, it would likely be a rare respite from the slogans that have haunted Australian public debate for the past few years. But the debate that we should be watching is

June 2013

Why we should care about carers

by Richard Denniss in The Australian Financial Review

Imagine if health and community sector workers wore high-vis vests; our streets, our shopping centres and even our airports would be full of them. We might even begin to think of them as the engine of job creation. But they don’t wear such things and we don’t think such things and the result is a

More than just greenies against Newcastle’s T4

by Richard Denniss in The Newcastle Herald

Last month, PWCS management halted development of its controversial T4 coal terminal after downgrading its demand projections, citing falling commodity prices and the shifting global energy market. Considering the opportunistic nature of the proposal, this was always likely to be the case. The company’s environmental assessment used historically high estimates for steaming and coking coal

Mining’s real contribution

by Richard Denniss in Gloucester Advocate

Politicians often claim that mining supports local communities such as Gloucester through job creation and attracting investment. However, Gloucester’s experience has been one of sluggish growth, environmental degradation and job losses in agriculture – the town’s biggest industry. Mining companies, including Yancoal and AGL, may tell communities that their business is the key to success,

Can we trust Clive? Commercial in confidence coal mines

by Richard Denniss in The Conversation

Clive Palmer’s Waratah Coal claims its Galilee Coal Project, which will create four underground mines, two open-cut mines, and 468 kilometres of railway line in central Queensland, will bring economic prosperity to the region. In its recently-released supplementary environmental impact statement, however, the company refused calls to release its modelling. Without it, the public is

Silence of the logging lambs

by Richard Denniss in The Australian Financial Review

Last week, under the guise of a forestry “peace deal”, the Gillard government committed $350 million of new industry assistance and other handouts in exchange for the Tasmanian government passing legislation that imposes an unprecedented restriction on free speech. There is nothing new about Australian taxpayers subsidising native-forest logging, but there is something unique about the

Imposed silence a threat to…whom?

by Richard Denniss in The Canberra Times

Are freedom of speech, freedom of association and the freedom to protest left-wing or right-wing issues? While Senator George Brandis was thundering away this week about the importance of a free press, I’m not sure his liberalism stretches to supporting Julian Assange and the desire of WikiLeaks to ”let the information free”. Similarly, while the

Silence on peace deal is telling

by Richard Denniss in The Canberra Times

Two weeks ago, I explained the consequences of the Australian Conservation Foundation, The Wilderness Society and Environment Tasmania support for the so-called ”forest peace deal” in Tasmania. The deal obliges them to cease all protests that might impede the ability of native forest loggers to sell their woodchips, take active steps to help silence other

Hidden ‘costs’ with every choice we take

by Richard Denniss in The Australian Financial Review

Economists are often accused of knowing the price of everything and the value of nothing. Consumers, on the other hand, are assumed to have good knowledge of both. Indeed free-market economics rests more heavily on the assumption that individuals know what’s best for them than on any other assumption. While it is relatively clear that

May 2013

Limiting Australia’s ballooning coal exports is good for the economy

by Richard Denniss and Mark Ogge in The Conversation

Last week, Greenpeace released a report calling for a halt to Australia’s burgeoning coal exports and pointing to the catastrophic climate impacts they would cause. In response, Mitch Hooke, chief executive of the Minerals Council of Australia, took a standard industry line: “the proposal to stop Australian coal exports won’t stop global coal use –

In Australia’s New Carbon Tax, A Host of Missed Opportunities

The Australian government will begin imposing a tax on carbon emissions in mid-2012. But large giveaways to industry mean Australia’s scheme doesn’t go nearly far enough in reducing the nation’s CO2 emissions or providing economic stimulus. Another global climate conference has come and gone with little action to reduce carbon dioxide emissions, which makes efforts

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