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This week's offering from Eureka Street's award winning political cartoonist.
Back in March Malcolm Turnbull told ABC radio: 'The only thing the data retention law is requiring is that types of metadata which are currently retained will be retained ... for at least two years.' In fact the laws, which come into effect next week, include an obligation on service providers to 'create' data that falls within the data set to be retained, if they don't already collect it. This isn't nitpicking. The more data that is created, the more the scheme will cost, and the greater the risk of privacy breach.
International Monetary Fund prescriptions have a long history of failing, and countries that ignore them are often the ones that do surprisingly well. Few have been asked to be more servile than the Greeks. When the IMF came in with what is amusingly referred to as its austerity 'plan', the Greek economy was expected to grow at over 2 per cent. After the 'plan' had taken effect, the country’s economy had shrunk by a quarter.
Although the age pension will cost about $49 billion in 2017-18, it is means tested. In contrast, superannuation concessions are heavily biased in favour of high income earners. Both sides of politics pander to the wealthy and the cosseted finance sector, which want certainty that nothing will stand in the way of their super bonanza.
I looked at the Brahmin and felt a cackle rising in my throat. 'You said this blessing was free,' I said. 'The blessing is free, but you must pay for the maintenance of this place,' he insisted, sweeping his arm up towards the ghats and the temples surrounding it. I wondered briefly what the consequence would be of defying the Brahmin's demand.
Federal Finance Minister Mathias Cormann announced 'the scoping study found no evidence that premiums would increase as a result of the sale' of Medibank Private. But the sale is being presented as a way to make the fund more efficient. If successful, Medibank Private will become even more dominant than it is at present and there will be pressure to raise premiums to achieve its purpose of keeping shareholders happy.
As the Pope and economist Thomas Pikkety have observed in recent times, the inequity created by capitalism is a growing concern. But the problem with this argument is that 'capitalism' is too broad a term. The attack would be far better directed against the financialisation of developed economies. A new type of sovereign has emerged, and like all rulers they are cheerfully engaging in acts of plunder.
Australia's cruel arrangement for asylum seekers arriving without a visa cannot be scrutinised by our courts and has never been approved by our Parliament. In the name of democracy, in the name of Australian self-respect, and in the name of human rights protection and the rule of law, it is time this arrangement was presented to our Parliament for its approval by our elected representatives or for immediate ditching. It's a disgrace.
Economics is full of circular arguments. The Government is on the one hand arguing — most notably with the SPC Ardmona case, the exit of the car manufacturers and Qantas — that it will not get involved in supporting Australia's industry base. But then it argues that its policies will boost Australia's industry base. Lower unemployment will inevitably follow. For the first time ever it is apparently possible to have it both ways.
The ANZ Bank faces a huge payout after a class action by its customers secured a partial but significant victory against the bank's unfair and illegal credit card late payment fees. This is happening because we have laws to protect consumers. The Federal Government is well advanced in its efforts to wind back existing and planned laws that protect consumers, as they are considered red tape that places an unnecessary burden on business.
London journalist Adrian Gill refers to the 'incremental shutdown' of old age, British Prime Minister Disraeli, who died at the age of 77 after a life of great and varied achievement, stated that old age was a regret, while noted Hollywood star Bette Davis roundly declared 'Old age is no place for sissies.' In rural Greece, it is considered shameful to instal an old relative in a home, and most aged people see their days out amid their family.
I wish he would invite me to be his temporary consultant, to offer him advice for his next 500 days. I'd begin by proposing a substantial Vatican-led inquiry, into why the Church has been so troubled by sexual abuse across various countries. Then I would point to the experiences of several large secular institutions, including the New York Times and US Army, that have rebuilt after crises.