April 2021
Coal’s fragile economics
When Malcolm Turnbull was dumped last week from New South Wales’ Net Zero Emissions and Clean Economy advisory board as quickly as he was appointed, the move shocked many people. Turnbull was dropped by his own protégé, the state’s Environment minister, Matt Kean, and by a government in NSW that had previously seemed receptive to
Why we should pause approvals of new coal mines
Why are new coal mines like melting ice cream? In today’s episode, Richard Denniss explains the economics of coal, why Malcolm Turnbull has been in trouble with the Liberals and why we need to pause approvals of new coal mines. Host: Ebony Bennett, deputy director, the Australia Institute // @ebony_bennett Guest: Richard Denniss, chief economist,
We should be funding stress leave and high-quality PTSD care for all victims of abuse
Australian ministers suffering stress are provided with more taxpayer support than victims of violence Practical support for the thousands of Australian women who are sexually or physically assaulted by men is not simply woefully inadequate, it is nonexistent. If you are a casually employed woman in Australia who is raped or assaulted you are entitled
Is Malcolm Turnbull the only Liberal who understands economics and climate science – or the only one who’ll talk about it?
Yesterday, former Liberal prime minister Malcolm Turnbull was unceremoniously dumped as chair of the New South Wales government’s climate advisory board, just a week after being offered the role. His crime? He questioned the wisdom of building new coal mines when the existing ones are already floundering. No-one would suggest building new hotels in Cairns to help
March 2021
Australia has shown you can take on big companies – and win
Big companies are always threatening to take their bat and ball and leave our shores, and Australian politicians usually beg them to stay. Whether it’s cutting company taxes or promising weak IR and environmental laws, for decades the Australian government has behaved like a lonely kid who worries the cool kids won’t talk to them
February 2021
The Liberals’ agenda is bad for regional Australia – but the Nationals play along anyway
The National party represents many electorates which have high rates of unemployment and people receiving government support payments, and a high proportion of workers on the minimum wage. So you can see why they spend so much time attacking industrial laws, renewable energy and “urban elites” – creating blame is a lot easier than creating
Google and the use and abuse of economic modelling
In its efforts to avoid regulation, Google commissioned economic modelling showing that Google providing tens of billions of dollars in benefits to Australia – but the figures quickly fell apart on closer inspection from the Australia Institute’s Centre for Responsible Technology. In this episode, chief economist Richard Denniss talks us through some of the assumptions
The truth about Australia’s wages
Like the dog that caught the car, Australian conservatives have succeeded in a decades-long quest to crush the bargaining power of unions and workers. And, in turn, they have succeeded in crushing average wage growth. But now they seem to have no idea what to do with their trophy. Indeed, the record-low wage growth “delivered”
The rise of right wing extremism
The rise of right-wing extremism is happening all around us, yet it does not dominate Australia’s national security discourse in the way “Islamic extremism” did in the years after 9/11. The Australia Institute spoke to counter-terrorism expert Dr Anne Aly MP, to help us unpack the nature of the problem and if we’re doing enough
Scott Morrison knows setting a net zero target means picking a fight with the National party
The prime minister’s initial target of beginning the rollout of Covid-19 vaccines “as soon as January” is in tatters and mid-February is looking shaky. Likewise, the target of “fully vaccinating” some 26 million Australians by October. But just because someone fails to hit a target doesn’t mean they shouldn’t have set it. On the contrary,
January 2021
Save lives or save the economy? That’s a false choice – and it’s obscene
For the past year Australians have heard politicians, business leaders and conservative commentators argue that we need to balance the benefits of protecting Australians from Covid-19 with the costs of those protections to “the economy”. Should we close down risky venues or keep them open? Should we worry about the elderly who might get sick
Which jobs and what growth?
We need to talk about the economy For decades we have talked about the size of the economy, but it is time we talked about its shape. For decades we have been told that if the economy grew faster it would solve all our problems, but it’s time we talked about which parts of the
Who should pick up the tab for the costs of climate change in north Queensland?
Is it fair that young men pay more for car insurance than older women, or that we make young healthy people buy private health insurance to keep the price of health insurance low for older customers? How about the fact that those who live in far-north Queensland are paying far more for home and contents
December 2020
Stop believing in fairytales: Australia’s coal industry doesn’t employ many people or pay its fair share of tax
Just as people in the Middle Ages mistakenly believed the sun revolved around the Earth, many modern-day Australians mistakenly believe our economy revolves around the coal industry. Of course, such misunderstandings aren’t an indictment of those who have been misled, but those who did the misleading. Galileo was imprisoned for life for the “heresy” of
Until recently, pressure on Australia to drop carryover credits had little impact. But times change
by Richard Denniss [Originally published by Guardian Australia, 09 December 2020] Political pressure makes the impossible inevitable. Unfortunately, so much has been written about how democracy is broken, that it can seem churlish to point out that sometimes it works just as it is designed to: slowly, imperfectly and then suddenly. Take, for example, Scott
An unprecedented year: reflecting on 2020 with Richard Denniss
Let’s face it, 2020 has been a bit of a nightmare. This week, in our final episode of the year, Ebony Bennett and Richard Denniss revisit some of the Australia Institute’s predictions back in March 2020 and reflect on the way Australia’s economy and politics have changed this year in response to the pandemic. Mild
Why tax electric vehicles but not heavy trucks? Politics
The SA and VIC governments have announced a new electric vehicle tax – in other words, a great big new tax on clean air. In today’s episode we explain why this EV tax is terrible idea and unpack some of the arguments for and against it. Host: Ebony Bennett, deputy director of the Australia Institute
Digital Giants, Market Power and Media Diversity
Australia’s news media is one of the most highly concentrated in the world. Since 2019, more than 157 newsrooms have closed in Australia and many local, community and rural newspapers have ceased printing or gone digital only. It was in this climate that in 2018 the federal government tasked the Australian Competition and Consumer Commission
Which jobs and what growth?
We need to talk about the economy. For decades we have talked about the size of the economy, but it is time we talked about its shape. For decades we have been told that if the economy grew faster it would solve all our problems, but it’s time we talked about which parts of the
November 2020
Instead of taxing electric vehicles, heavy vehicles should pay more for the damage they cause
by Richard Denniss[Originally published on the Guardian Australia, 25 November 2020] The purpose of the tax system isn’t just to collect revenue, it’s to shape society in ways we see fit. It’s no accident that fresh food is excluded from the GST and it’s no accident that the tax on alcohol is higher than the
The best way to help Australian manufacturing? Stop exporting gas
by Richard Denniss[Originally published on the Guardian Australia, 12 November 2020] While it might seem heretical to suggest we stop exporting gas, it’s important to remember that we only started exporting gas from Australia’s east coast in 2015. But since that fateful day, the wholesale price of gas has risen from around $3 to $4 per
Is Scott Morrison angry that public servants got Cartier watches – or that the public found out?
by Richard Denniss[Originally published on the Guardian Australia, 29 October 2020] Cartier watches, free rent and taxpayers picking up the tab for $118,000 worth of personal tax advice — Australia’s best paid public servants have been on quite the spending spree and the prime minister has made it clear that he is very, very angry.
October 2020
Australia needs public spending – but beware the burden of white elephants
by Richard Denniss [Originally published by Guardian Australia, 14 October 2020] What should Australia spend half a trillion dollars on over the next 10 years? After decades of being told we “can’t afford” to spend more to help the unemployed, the disabled or to reduce carbon emissions, the Morrison government is set to embark on
After the virus: Debt warranted
This week’s budget marks a remarkable turning point in Australia’s economic and political debate. Fears of budget deficits and public debt have been replaced by fears of pandemic and mass unemployment. And I’m not talking about a skittish public – these are the fears of Scott Morrison and Josh Frydenberg. Theirs has been a productive
Thank you, Victoria – Australia as a whole is healthier and wealthier because of you
Richard Denniss [Originally published on the Guardian Australia, 01 October 2020] Thank you, Victorians. Your determination to crush the second wave of Covid-19 has delivered me, and the rest of Australia, enormous health, social and economic benefits. Your resolve, your patience and your sacrifice, means that the rest of Australia has been able to open
Tax avoidance and why we can’t have nice things
President Donald Trump paid just $750 in federal income tax the year he was elected and in many years paid absolutely no income tax at all – and he’s not the only millionaire to avoid paying tax altogether. So this week we’re talking tax avoidance and why it’s damaging to the community with our chief
Fear of spending
So what is MMT and why should you care?
September 2020
Morrison’s tax cuts are not temporary or targeted – they are ideological and inequitable
by Richard Denniss[Originally published by the Guardian Australia, 16 September 2020] At the beginning of the Covid-19 pandemic the Morrison government was adamant that – because the economy would “snap back” once the virus passed – their stimulus spending would be temporary and targeted. Well, you don’t hear much about “snap back” anymore and there is absolutely
Phasing out gas would benefit Australian manufacturers and households
by Richard Denniss[Originally published by the Guardian Australia, 03 September 2020] Rather than drill new fracking wells into prime farmland, the quickest, cleanest and most economically efficient way to boost the supply of gas in Australia is to stop wasting it. According to the Australian Industry (AI) Group’s budget submission, “Ramping up support for manufacturers to
August 2020
How Neoliberalism is Spreading Covid-19
In this episode we talk to Dr Richard Denniss about the role of neoliberalism in spreading Covid-19 and how decades of privatisations, outsourcing and cuts to government spending have left Australia vulnerable during this pandemic.The Australia Institute // @theAUSInstituteHost: Ebony Bennett, deputy director at the Australia Institute // @ebony_bennettGuests: Richard Dennis, chief economist at the Australia
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