Bank bashing is always popular in Australia and it’s by no means confined to one side of politics. It was the former prime minister Malcolm Turnbull who introduced the big bank levy and gave us the royal commission into misconduct in the financial services industry. And, just last week, Scott Morrison and Josh Frydenberg reportedly “slammed” the big banks for being slow to process loan applications from small businesses waiting to receive their share of the promised $130bn jobkeeper wage subsidy payment.

by Ebony Bennett[Originally published in The Canberra Times, 03 April 2020] It’s not every day I get up at 6am to talk about inequality with a Nobel Prize winner, but hosting the Australia Institute’s Economics of a Pandemic webinar series afforded me that opportunity this week. Before dawn on Thursday, Professor Joseph Stiglitz of Columbia University, joined

Government is the most trusted source of information relating to the COVID-19 pandemic and the institution most trusted to lead the world out of the current economic crisis, new research from The Australia Institute’s International & Security Affairs Program has revealed. The Australia Institute conducted surveys of over 1,000 people each in Australia, New Zealand,

Disruptions in global supplies of essential medical equipment have served as a wake-up call to Australians that it is always vital for a country to retain the capacity to domestically produce manufactured products that may be crucial to national security and well-being.

New research from the Australia Institute shows that 45% of Australians say they will download and use the Government’s COVID-19 mobile app, while 28% say they will not used it and 27% unsure. The Australia Institute surveyed a nationally representative sample of 1,011 Australians about whether they would use the government’s COVID-19 mobile app on

An overwhelming 75% of Australians support increased funding for the ABC to reflect its emergency broadcaster role, as new research by The Australia Institute shows the ABC continues to grow as the most trusted news source in Australia and the proposition of privatising the ABC is opposed by 59%. The Australia Institute surveyed nationally representative

There is hope in sight for the COVID-19 crisis. Australia’s curve appears to be flattening, and the numbers are looking so promising that the Prime Minister is talking about what needs to happen for restrictions to be eased – though the current rules will stay in place (like all of us) for the next four weeks at least.

93 Australian economists and policy experts have signed an open letter, coordinated by the Centre for Future Work at the Australia Institute, supporting a government wage subsidy to prevent mass unemployment during the coming economic downturn resulting from the COVID-19 pandemic.

New research released today by the Australia Institute highlights the significant economic contribution of the creative arts in Australia and the threat that COVID-19 presents to the sector. The research also reveals that a majority of Australians (58%) support a $750 million federal relief package to support the live music sector which has been most

New research from the Australia Institute’s Centre for Future Work reveals the consequences of freezing public service pay, both for public sector workers and for the broader economy.

New research from The Australia Institute shows that Australia’s private health insurers are set to enjoy a windfall of between $3.5 billion and $5.5 billion over the next six months. “The takeover of private hospitals by Governments, social distancing and other policies to counter corona virus mean that far fewer services will be provided to

The COVID-19 pandemic is producing an unprecedented shutdown of large parts of the national and global economies. Our Director Dr. Jim Stanford provided an overview of the coming recession, how it differs from previous downturns, and the best ways for government to respond to protect Australians as much as possible from the economic fall-out.

by Richard Denniss[Originally published by The Guardian Australia, 1 April 2020] The Coalition just announced a $130bn wage subsidy when the budget is already in deficit. As that sinks in, try to absorb the fact that the $130bn wasn’t targeted at any vulnerable group and had absolutely no “mutual obligations” attached to it. It was not “funded”

by Richard Denniss[Originally published by the Australian Financial Review, 31 March 2020] After a $62 billion shot of adrenalin designed to keep businesses going through the coronavirus crisis, the Morrison government has finally ditched its strategy of “targeted and temporary” measures based on existing policies. Instead, it now wants to put large parts of the Australian

109 Australian economists and policy experts have signed an open letter, initiated by the Centre for Future Work, supporting a government wage subsidy to prevent mass unemployment during the coming economic downturn resulting from the COVID-19 pandemic.

New research shows an overwhelming majority of Australians (82.5%) support the ACTU proposal that the Government guarantee two weeks paid leave for all workers who are forced to self-isolate as a result of COVID-19.  The Australia Institute surveyed a nationally representative sample of 1,723 Australians on the night of 18 March 2020. Key Findings: An overwhelming

by Ebony Bennett[Originally published by the Canberra Times, 21 March 2020] After a summer of unprecedented bushfires and a billion animals dying, Australia now finds itself in the midst of an unprecedented public health pandemic with an economic crisis to match. While the $17.6 billion economic stimulus program was welcome for an already sluggish economy,

The scale and scope of the economic downturn caused by COVID-19 will be unprecedented in our lifetimes. Mainstream economists have belatedly realised the pandemic will cause an economic downturn, but they are not yet appreciating the size of that downturn, nor the unconventional responses that will be required. Simply calling for government “stimulus” is sadly inadequate, given the complete shut-down of work and production that is occurring in many sectors of the economy. The task is no longer supporting markets with incremental “pump-priming.” What’s needed is a war-like effort, led by government, to mobilise every possible resource to protect Australians’ health and livelihoods. Money is not an object – and this epic effort should not be held back by normal acquiescence to private-sector priorities and decisions.

New research from The Australia Institute has found that a majority of Australians (52%) want to see Newstart boosted to the rate of the Age Pension for the course of the Coronavirus crisis, while one in three Australians (34%) oppose the idea. Key findings: –          The maximum single rate of Newstart is currently $559 per

New technologies that deploy Artificial intelligence should be assessed for their social impact on citizens before they are allowed to be deployed, according to The Australia Institute’s Centre for Responsible Technology. In its submission to the Australian Human Rights Commission (AHRC) discussion paper on human rights and technology, the Centre argues that a formal regulatory regime, rather

If you thought the prime minister was slow to respond to the bushfire crisis, take a look at his response to Australia’s ailing economy. Morrison is currently trying to pivot away from the government’s economic inaction using the coronavirus outbreak as cover, but the only reason the coronavirus might push Australia into recession is because the economy has been languishing since the Coalition took office in 2013.