Listening to the mining industry complaining about the high exchange rate is like listening to a three-year-old complaining about the noise of their own tantrum. It simply adds insult to injury. The surge in world demand for our resources and the flood of foreign money into Australia to buy or build mining assets has been

The Nationals are worried about Chinese farm ownership yet it’s European mine ownership that’s harmed farmers Australians, it seems, don’t like selling off the farm. And the National Party really doesn’t seem to like selling them to the Chinese. But while the Nationals have a long, if not always proud, history in Australia it is

There are two fiscal elephants in the Gillard government’s cabinet room. The first and better known elephant is the fact that the government’s wafer-thin surplus has been crushed under the weight of a slowdown in revenue forecasts and a speed-up in new spending announcements. The second elephant is that the cost of so-called “self-funded” retirement

It’s obscene for someone with inherited wealth, whose business is subsidised by government, to criticise low-paid workers. Two numbers pretty much sum up all that is wrong with political debate in Australia: Gina Rinehart earns the annual full-time minimum wage every 53 seconds and, at the peak of the mining boom, the industry contributed only

The court system in Australia is of little use to most Australians who might wish to resolve a commercial or civil dispute. While the courts provide a check on executive government and can, as was the case with the Mabo decision, deliver landmark rights to vulnerable groups, their cost makes first class flights to Europe

Late last week, the details of an interim agreement between the forestry industry and green groups on the future of Tasmania’s native forests was released, showing the distance between the two parties has narrowed considerably. Both sides now support the creation of additional reserves and a permanent native forest timber production area, and want governments

Imagine if a company lost money selling something that it never paid for. Now imagine that company was owned by a state government. In an environment in which state governments and oppositions are either crying poor or crying waste you might imagine that such expensive mismanagement would create a bit of political heat. But the

Canberrans pay more for petrol than residents in other capital cities. In fact, we pay more for petrol than people in nearby regional towns like Albury. While I don’t have too much sympathy for the oil companies, we shouldn’t single them out for too much criticism as the simple truth is that Canberrans pay more

It is rare to read about the dangers of fluoride in the opinion pages of Australia’s mainstream newspapers, even though a small group of “fluoride sceptics” are convinced of the dangers to our health. It is also rare to hear about the Rothschild banking conspiracy on radio, even though a committed group of people around

No rational person would work in the community sector. Not according to neoclassical economists at least. Rational individuals, we are told, are motivated by their own self-interest. So why would anyone ever volunteer to help people they don’t know? And why would an organisation structure itself as a ”not-for-profit” when economists typically assume that profit

Australian climate policy has been defined by its volatility. Grand plans have been hatched, only to wither in the face of opposition. Where policy measures have come to fruition, most have had a short lifespan. On the surface, the one major exception to this is the renewable energy target or RET, which was created by

The federal government spent $374 billion last year providing services to its citizens, but it’s amazing what the government doesn’t know about those citizens. It is only every five years that we accurately measure the population through the census, and it’s only every six years that we get an accurate indication of what households spend

There aren’t many people who, after 12 months of incident-free driving, focus on the money they wasted insuring their car against an accident that never happened. Similarly, on returning safely from an overseas holiday, there aren’t many travellers who wish they had got better ”value for money” from their travel insurance policy. Insurance is one

Over the past 12 months, the political debate over whether the carbon price is a tax or an emissions trading scheme has been as brutal as it has been boring. Rather than explain the details of what is, in fact, a hybrid scheme, the government, opposition and media have instead busied themselves in the politics

‘KPIs’ have little relevance in managing our health system. There is an old saying that for every complex problem there is a solution that is simple, neat and wrong. The modern delusion that the creation of simple “key performance indicators” can solve complex problems like the management of the health system, the performance of our

The Rio+20 gathering in Brazil last week was little more than a self-indulgent festival of environmental inaction. The idea of holding a summit to mark the 20 years since the world leaders last pledged to save the planet is like holding a lavish anniversary party to celebrate a failed marriage.

The latest tragic loss of lives as asylum seekers literally risk everything to make a better life for their families highlights both the consequences and the absurdity of some of the policy positions adopted by Australian politicians. Politics, like democracy, often has more to do with compromise than with consistency. But building a nation does

As our population continues to grow rapidly, the government is faced with choices is doesn’t like to make. According to the latest census, Canberra’s population has grown by 9.9 per cent (compared to 7.9 per cent nationally) in the past five years – a growth, which among other things, places incredible pressure on the ACT

The business community has spent 20 years pushing tirelessly for labour market flexibility but, now that it has it, some have figured out that it is a double-edged sword. In a flexible labour market, wages for skilled workers in high demand can rise really quickly. Who knew! Last week the Business Council of Australia (BCA)

Why can the Pharmacy Guild get away with a deal with the government which limits competition? Rather than admit that it is a union working to maximise the income of its members, the Pharmacy Guild of Australia prefers to position itself as a ”professional association” concerned more with improving standards and delivering benefits for the

The idea that the Coalition would oppose an increase in the Commonwealth’s debt ceiling makes about as much economic sense as its hostility to a market-based mechanism to address climate change. But, as with most of Tony Abbott’s big calls, it clearly makes good short-term political sense. In an age of slogans it is much

It is the perceived value of a location, not the cost of construction, that determines the market price for housing. It’s amazing how progressive business has become in Australia. The mining industry’s biggest concern seems to be creating jobs for migrants. The banks just want to help small business grow and the property developers of

Nothing gets interest groups more riled up than a proposal to reduce some regulation or, as business groups like to call the federal Environment Protection and Biodiversity Act (EPBC act), “green tape”. In the green corner, we have the major environment groups arguing that such reductions signal further retreat by government in the face of

Despite all the hoopla, budgets in Australia are rarely transformative or reforming. Indeed, it’s only the theatre and spectacle of budget night that means most people even notice it. If we started each budget with a blank sheet of paper it is inconceivable that year after year we would fund portfolio areas in virtually identical

The economics of deregulation is supposed to be straightforward: business groups support it, community groups oppose it, and governments “get the balance right”. The recent push to streamline state and federal environmental and planning laws has followed exactly that script. The push to remove so-called “green tape” has the appearance of a philosophical position based

While it is impolite to say so these days, Canberrans don’t pay much tax. While this week’s Commonwealth budget as well as the ACT’s review of the territory’s tax system back up this conclusion, it is unlikely to have much impact on the calls for lower taxes to take the pressure off the cost of

If the mining industry was a political party, it would make the current federal government look like a success story. The miners are internally divided, running entirely contradictory messages and are increasingly unpopular in the published opinion polls. But luckily for the miners, it is far easier to make billions of dollars selling resources you

The standard excuse for why Australians pay far higher prices than Americans for clothes, consumer goods and cars is to highlight the high transport costs associated with the tyranny of distance. So what is their excuse for more expensive music and software downloads? Dearer data costs due to longer cables? You might assume that because

Wouldn’t it be nice to decide how much you were worth? And wouldn’t it be even better to be able to force people to give you the money you think you deserve? Of course it would, but then again, we can’t all behave like the big four banks. In most industries when customers buy less

The government announcement on Tuesday that it accepts all of the recommendations of the Broadbent inquiry into the Clean Energy Finance Corporation (CEFC) is a high-water mark in the politics of perception. The commitment to spend $10 billion on renewable energy and energy efficiency helps convince the public that the government takes climate change seriously.