Over the last 10,000 years or so societies have evolved from relatively simple and loosely structured groups of people to the complex entities of the present nation-states (and even a nascent world society), but in this time period the human being, as an organism, has not changed significantly. So, what has changed? The interaction between Continue reading »
Economy
Australia’s industrial policy is shifting significantly with the introduction of the Future Made in Australia Act, which aims to enhance local manufacturing and reduce reliance on commodity exports. But concerns have arisen regarding the potential inefficiencies of targeted investments and the risk of deepening regional disparities. Australia needs a broader and more balanced approach that Continue reading »
Over recent decades, the Western economic system has undergone a profound transformation, veering increasingly toward financialisation—a framework that privileges speculative gains and the accumulation of paper wealth over tangible economic output. This shift reflects a structural prioritisation of elite interests, as financial markets serve as mechanisms for wealth extraction rather than wealth creation for the Continue reading »
The question draws from what Trump effectively used in the closing weeks of the recent USA elections. Liberal-National Party (LNP) leader Peter Dutton is exploring a similar approach to winning government in the approaching Australian election. Employer groups are preparing to help him. Will Labor’s messaging on living standards satisfy the Australian working class? The Continue reading »
Trump’s anti-China 60% import tax barrier will weaken China’s economy and is predicted to have flow on effects impacting negatively on Australia’s economy. Will our political leaders now realise that Australia’s involvement in a military war against China for which they are furiously preparing, would have a devastating impact on our economy and Australian life Continue reading »
Australia has a reputation for egalitarianism. It is not deserved. Extract: Address to the Royal Society of NSW, October 2024. This is a nation based on mercantilist plunder. Two hundred and fifty years after the publication of Adam Smith’s Wealth of Nations, our leaders insist that the prosperity of citizens rests upon a trickling down Continue reading »
Millionaire landowners are using dubious statistics to campaign against the Government's inheritance tax reforms
If you are like me, you are fed up with the so-called educated ‘Left’ who are not at all educated in the underlying causes of humankind’s current problems and the solutions to them. You will also be fed up with people believing that when we elect Left or Centre-Left parties, the world is on track Continue reading »
A handful of years ago, South Australia’s Whyalla steelworks, owned by British industrialist Sanjeeev Gupta, was touted as the potential birthplace of an Australian green iron and steel industry. Today, the mounting crisis at Whyalla brings sharply into focus both the risks and opportunities of this pivotal moment in Australia’s energy transition, and the transition Continue reading »
Around 18 months ago, The Economist applied uncommon energy to advance the narrative that the US economy was in outstandingly good shape. Very recently, we have been instructed by the same influential British weekly that, “America’s economy is bigger and better than ever” [paywall]: Which makes one wonder, what primary anxieties are prompting these distinctive, Continue reading »