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The ABC’s recent Q+A housing special left many questions unasked and unanswered. Labor, Coalition and Green MPs all say they want more people to be able to buy their own homes. The most obvious way to achieve that would be to reduce the price of housing. Yet no politician will make that an explicit policy aim.
Big changes are occurring in the financial sector that suggest the climate change agenda is starting to lose crucial support with the world’s largest fund managers. As support for ESG goals wane, the conversation is shifting to nuclear energy. But does it make any financial sense?
Nuclear energy has snuck its way onto the table of Australian public policy. Given that Australia is a country that hosts military nuclear platforms, the impetus to translate it into a civilian context is proving powerful.
Economics may be useless for forecasting, and its assertions can be overly simplistic. But it is a language that should be understood, and here is a good place to start. In simple and clear prose, Leigh spans the history of human economic activity, beginning in prehistoric times and ending with the modern day.
Two books about a 1942 massacre of Australian nurses were released last year. One is reliable, the other is notable for factual omissions. If we leave something out, are we then guilty of censorship? Alternatively, if our truth-telling offends someone else, what is our justification for so doing?
The aggregate picture of the economy may seem healthy enough after two years of heavy immigration, over 800,000, and the return of students and tourists. But the elephant in the room remains. Australia is a two-tiered society sharply divided between people who own homes and people who do not. The generational divide is worsening.
By 2012, when the federal government first started reporting on staff-to-student ratios in universities, there was one academic for every 20 students. The most recent data, from 2021, shows that figure had increased to 23. As Australian students return for the new academic year, it will surely come as no surprise to find that ratio has worsened.
The main purpose of government is to promote the welfare of its people. And yet over the last few decades, through numerous inquiries, it’s become clear that the Australian government has failed to provide services for the Australian population as well as might be expected.
After two years, the attack on Ukraine by Russia on February 24 has left half-a-million dead, traumatised a generation, and promises little in the way of a halt to hostilities. The unpalatable reality to this conflict is that some diplomatic solution will have to be found in this war of murderous attrition.
The illusion of warfare as a contest between professionals should have disappeared forever as the twentieth century brought numerous examples of barbarous armies butchering civilians. And unfortunately, the pattern now is that some 90 per cent war casualties are civilians.
What does it mean when ideas of scarcity – supposedly the driving principle in understanding supply and demand – are no longer the only or best way to think about economic activity? What is needed to understand the post-industrial environment is a new way of thinking about economics and finance.
Much of the discussion about tax reform is about the mechanisms of collection; around changes to things like negative gearing, stamp duty, land tax, capital gains tax, and superannuation. But what is missing is a statement of values about what we expect our tax system to fund.