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,

The Australia Institute has released a new report looking at how key economic criteria can be used to assess the effectiveness of future stimulus measures in Tasmania. The report has been sent to all Members of the Tasmanian Parliament, some members of the Premier’s recovery taskforce,  industry and community leaders and unions. “As stimulus money

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 the majority (59%) of Australians want company tax for big business to remain the same or be increased. Only a minority (19%) of respondents thought tax rates should be decreased. The Australia Institute surveyed a nationally representative sample of 1,020 Australians about whether the company tax rate for

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

Having spent $200 billion to stabilise the economy during the COVID-19 crisis, new research shows it is now time for the Federal Government to roll out structural supports—projects that are labour intensive, rely heavily on local supply chains and deliver lasting benefits. The Australia Institute has released a new report, detailing key economic criteria to

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 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 polling shows more than eight in ten Australians support extending the wage subsidy, known as the JobKeeper program, to all casual workers, regardless of how long they have worked at their place of employment.

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”

How the secretive trillionaire superannuation funds are using your money to reshape capitalism

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.