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Australia's business lobbies are fond of complaining that company tax is too high. Lower it, they argue, and the economy would become more dynamic and everyone would benefit. The reality isn't that simple. The combination of Australia's dividend imputation system and the compulsory super scheme greatly benefit Australia's big companies.
While mining is a source of great wealth for Australia, its socio-ecological benefits are mixed. Yet the sheer power of the industry means a balanced conversation on these issues is yet to start. Both major parties are beholden to the industry and fear the advertising power its money can buy. Two examples demonstrate the problem.
Even after the most dangerous financial crises ever seen, finance industry lobbyists still argue that the sector should not be too heavily regulated as that would be counterproductive. This is nonsense. Money is rules. It is a question of who sets the rules and what kind of rules they should should be.
Paul Keating says he changed superannuation from an elite system to one which would include 'the bloke running behind the garbage truck'. But a new elite has left the garbo in the dust. Labor's core constituency and the economy would be much better off with the age pension rather than super.
Political alliances can be strategically useful, but leaders must be careful not to appear too close to extreme groups. Tony Abbott and the NSW Greens have experienced 'guilt by association' in recent times, but the concept has a long history in Australian politics.
It seems appropriate that Jason Akermanis was sacked in the middle of an election campaign. The tensions between conflicting interests that led to his sacking have also been exhibited in the election campaign. But in politics they have been negotiated much more disreputably.
The Government's theoretical model does not stand up to scrutiny in the real world. Collecting higher taxes from the mining industry to disburse for other worthwhile purposes may be perceived as contributing to the 'common good'. In fact, the reverse could be true.
Hopefully the Government's delay in providing a comprehensive response is not a sign of lost momentum, but rather means it is going to work directly with disadvantaged and vulnerable people and the organisations that support them to determine how best to address critical outstanding issues.
The parochial Australian press reaction to last week's Samoan tsunami shows how editors play on people's sense of pride to sell newspapers. But the misuse and manipulation of information can have adverse consequences for third parties.
The law does not protect the natural world from destruction, but supports its destruction. The effect of regulation is that if a company ticks the right boxes and stays within the prescribed boundaries, its activity is acceptable.
In the big cities in Indonesia, most taxi drivers want to talk about the new president in the USA. Obama lived four years in Indonesia, and the country, the people and the culture left their marks on him, too.
European and US corporations are on the retreat in Africa, while the progress of Chinese and Indian companies is bearing positive results. They stand to fulfill the promise of 'development' that has remained a dream since independence.
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