June 2022
Gaslighting Australia
Local gas suppliers aren’t in crisis – soaring prices are going according to plan The Australian gas industry isn’t in crisis; it’s in heaven. Its profits and share prices are rising even faster than its greenhouse gas emissions, and everything is going according to the plan it has been working on for more than a
May 2022
With falling real incomes and rising prices many people don’t believe the story of prosperity Scott Morrison is preaching
While it makes economic and political sense to suggest, as Anthony Albanese has, that the minimum wage, and indeed most wages, rise inline with the rate of inflation Scott Morrison has suggested such a move would be ‘reckless and dangerous’. What’s far more dangerous and reckless is letting real wages and consumer spending fall just
Why the Days of Safe Liberal Seats are Almost Over
Here is one truth about this election: the Liberal Party is risking its future on a prime minister who likely doesn’t have one. After years of neglect, it should come as no surprise that many Liberal voters would be looking for an alternative. What is a surprise is that the Liberal Party machine, as distinct
April 2022
Aged Care: A System of Neglect
It’s not that long since the Royal Commission into aged care quality and safety handed down its findings Describing Australia’s aged care system as a shocking tale of neglect that needs a complete overhaul and not mere patching up. This is the third episode of a special series we are doing with our chief economist
Low wage growth in Australia didn’t happen by accident – it’s the system working as intended
The only people in Australia who can boost wage growth are employers and the only way they can do that is by giving people pay rises.
Unpacking the 2022 Federal Budget
This week on Follow the Money we’re unpacking the 2022 Federal Budget. Who are the winners and losers, and what does it all mean with an election looming? Recorded live on 31st March 2022 and things may have changed since recording. The Australia Institute // @theausinstitute Host: Ebony Bennett, Deputy Director, Australia Institute // @ebony_bennett
March 2022
It’s Official: Scott Morrison Has Given Up On Trying To Win Over Young Voters
Scott Morrison is betting his political life that young people won’t pay much attention to tonight’s budget or change their vote if they did. This is why he announced no new spending to help those struggling with high rents, high uni fees, or expensive public transport in this year’s Federal Budget. And it’s why he
Morrison’s economic lies
Scott Morrison lies about the economy all the time. He can’t help himself. He tells big lies about transitioning away from fossil fuels and small lies about the role of his office in the way grants are directed to marginal seats. He tells strategic lies about the union movement engaging in “a campaign of extortion”
How to fix Australia’s mental health care system
Today we’re bringing you the second episode of a special series with our chief economist Richard Denniss and special guests, based on Richard’s new book BIG: The Role of the State in the Modern Economy. Where we talk about the shape of the economy, not just the size of it. In this episode we ask
February 2022
Tax-deductible RATs deliver nothing to the lowest-paid. How very Morrison government
The recent decision to make Rapid Antigen Tests (RATs) tax deductible rather than free will deliver nothing to low paid essential workers and big savings to high income earners. How very Morrison Government. While a part-time cleaner working in the aged care sector will likely receive zero benefit from tax deductible RATs, someone earning $200,000
January 2022
As the election draws closer, Scott Morrison is caught in a Covid dilemma of his own making
If he doesn’t provide support soon the economy will spiral but if he does he must admit the cost of living with the virus.
Summer Series – The Long Covid-19 Economic Crisis with Richard Denniss [webinar]
Our summer series brings you some of the best conversations from our webinars in 2021. This episode we’re bringing you a conversation with our chief economist Richard Denniss about the merits and flaws in the government’s fiscal response to the pandemic and the long terms effects on the Australian economy. This was recorded live on
Summer Series – Feeling the Heat with Marian Wilkinson, Richard Denniss and Allan Behm [webinar]
Our summer series brings you some of the best conversations from our webinars in 2021. This episode we’re bringing you a conversation with award-winning journalist Marian Wilkinson and the Australia Institute’s chief economist Richard Denniss and Allan Behm, International & Security Affairs program director, about the growing pressure on Australia, as global and regional powers
December 2021
Summer Series – Coal, Climate Change and Conservatives with Malcolm Turnbull [webinar]
Our summer series brings you some of the best conversations from our webinars in 2021. This episode we’re bringing you a conversation about coal, climate change and conservatives and why NSW needs a moratorium on new coal mines with former Prime Minister of Australia, Malcolm Turnbull, who was in conversation with the Australia Institute’s chief
Comparing the Coalition and Labor’s climate modelling reveals some underlying truths
It’s no surprise the Business Council, the Australian Industry Group and the National Farmers’ Federation are supporting Labor’s position.
November 2021
‘The worst bit of modelling I’ve ever seen’ — Unpacking the Federal Government’s Net Zero Modelling
The Federal Government’s net zero modelling is little more than an exercise in magical thinking
Audacity of hype: Scott Morrison is betting voters will settle for plans over performance
Scott Morrison thrives in the empty space between three-year terms and 30-year plans. Whether it is climate change, nuclear submarines or budget repair – it is no accident the prime minister with the shortest planning horizon in living memory is our greatest announcer of long-run plans. While the vacuousness of Morrison’s net-zero “plan” and his
The needle and the damage done
The federal government’s handling of the pandemic has been the worst public policy screw-up in Australian history
September 2021
Richard Denniss: Australia’s carbon credits are a joke. Taxpayer money is being wasted on ‘hot air’
If a tree doesn’t fall in a forest, was the climate really saved? Sadly, such esoteric questions have become the main game in the topsy-turvy world of Australian climate policy, where rising emissions from the oil and gas industry are ‘offset’ by not chopping down trees. The polite term for the creation of dodgy carbon
Christian Porter has the right to remain silent. But the PM must show leadership
Christian Porter has the right to remain silent about who funded his legal bills but, thanks to draconian laws drafted in the wake of the September 11 terrorist attacks, you do not have the right to remain silent. Forget what American TV has taught you, in Australia you do not always have the right to
Morrison and Berejiklian are attempting to shift the blame for Covid on to us
In an amazing feat, both leaders shift attention away from their past performances and on to future freedoms to be granted, based on decisions made by the public In the ultimate expression of neoliberal language, prime minister Scott Morrison and New South Wales premier Gladys Berejiklian are gradually shifting their messaging away from the dangers
Roll out the pork barrels
Why politicians love being caught rorting in their electorates
Test, Trace, Isolate and Quarantine
The Doherty Modelling makes clear that without a highly functioning Test, Trace, Isolate and Quarantine (TTIQ) system we have no chance of stopping Australia’s ICUs from being overwhelmed; the problem is the effectiveness of TTIQ declines as case numbers rise and that has not factored into the modelling.
August 2021
Richard Denniss: Scott Morrison’s COVID-19 plan is more spin than science
The same Prime Minister who spruiks ‘technology not taxes’ as a climate change strategy is now championing ‘pharmaceuticals not physical distancing’ in the battle against COVID-19. As always, his slogan is more spin than science, and the phoney distinction will be dangerous to our health, our wealth and our society. Just as virtually every economist agrees that
The Wealth Explosion
In 2020, Australian GDP was $2 trillion but Australian households received another $1.7 trillion in capital gains as overall wealth increased to $12.7 trillion. But Australia currently has no taxes on wealth, so what does that mean for the economy in the long term and for reducing inequality?
Reset with Professor Ross Garnaut
Recorded live on 24 February 2021 as part of the Australia Institute webinar series. Professor Ross Garnaut is an economist and author of new book Reset – which explores the opportunity Australia has to reset its economy in the wake of the pandemic. Warning: there is a bit of feedback on the audio for the
Scott Morrison is stuck
Scott Morrison has an answer for everything and a solution for nothing. Like the neoliberalism of which his party was once so proud, he is all promise and no delivery. His press conferences have long been a masterclass in dictating the terms of debates, dodging accountability and delivering attacks on his rivals. But now that
The Coalition’s track record shows why its opposition to a Covid vaccine cash incentive is inconsistent
Scott Morrison’s government loves financial incentives when they’re for CEOs and high-income earners As any parent or child knows, sometimes threats work, and sometimes bribes work. Despite the Morrison government planning to spend $180bn on tax cuts to those earning above $200,000 per year as more incentive to work hard, the Coalition are arguing that
Not all taxes are created equal
The government’s massive $300 billion income tax cuts package will proceed in full, making inequality worse and mainly benefitting high income earners. But what makes a tax good or bad? This week, Richard Denniss and Matt Grudnoff explain the principles of a good tax and run the ruler over different types of taxes like income
July 2021
Playing the states against each other back-fires on the Prime Minister
Like a struggling middle manager, Prime Minister Scott Morrison has been playing the states against each other to distract from his own poor decisions. The interstate fight for vaccines, funding, and even praise from the Prime Minister, now dominates Australia’s response to COVID. But if COVID rarely breached our quarantine, if there was plenty of
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