While Australia and China have very different approaches in PNG, both are in working primarily with political elites, while alienating the New Guinean public. Two recent financial deals that seemingly benefit Papua New Guinea indicate the problems at the heart of the country’s political and economic outlook. The separate agreements between PNG and two rival Continue reading »
Economy
Let’s not goad the Reserve Bank to fight higher underlying inflation that can be corrected by disciplined fiscal policy and a more open and competitive economy. Polls show cost of living is the overriding issue on voters’ minds. One reason is that lowering the annual inflation rate has stalled at around 4% since last December. Continue reading »
If a future Prime Minister Dutton was able to get the fuel for a HALEU power station, would you be absolutely confident that he might not want to also dabble in some nuclear weapons procurement as well? A recent Science paper (7/6) highlights one of the potentially disastrous risks the Dutton nuclear plan raises. Recently Continue reading »
With what passes for Australia’s population debate in the spotlight again, some history might prove illuminating, especially environmental history. The United Tasmania Group (UTG) formed on 23 March 1972 at Hobart Town Hall, under the leadership of botanist Richard Jones, as the threat to flood Lake Pedder reached a climax. The lake came under threat Continue reading »
Global rates of resource consumption and ecological impact are now far beyond levels that are sustainable, or that all people in the world could rise to, or that technical advance could make sustainable. This is steadfastly ignored by all governments and the economics profession and the consuming masses. Few realise how great the degrowth would Continue reading »
“The United States of America is in competition with China, but not ideologically. Who initiated the first agreements with China to outsource factories if not the United States of America themselves? They cannot tell us that it is a fight for freedom… It’s [ ] because China is becoming the world’s leading power, and from Continue reading »
In World War III the enemy is not an array of tanks, shells and soldiers, but a collection of beliefs damaging to the earth’s future. The enemies are the minds and actions of those with the cult of neo-liberalism and greed acting through the power of huge industries, the enemy within. In 2006 “Why we Continue reading »
Let me be the last to tell you the economy has almost ground to a halt and is teetering on the edge of recession. This has happened by design, not accident. But it doesn’t seem to be working properly. So, what happens now? Until we think of something better, more of the same. Since May Continue reading »
The world economy is experiencing a deep process of economic convergence, according to which regions that once lagged the West in industrialisation are now making up for lost time. The World Bank’s release on May 30 of its latest estimates of national output (up to the year 2022) offers an occasion to reflect on the new Continue reading »
In an era of out of control climate change, the case for leaving gold in the ground is even stronger than that for coal. Investor and shareholder pressure has seen the likes of BHP and Rio Tinto divesting from the latter; but in practical, if not financial, terms ending the mining of gold is a Continue reading »