Penny Wong has inherited huge challenges in her role as Foreign Minister. She is surrounded by alpha males controlling the defence and security debate, convinced that only deadly military weapons can secure a safe future for Australia. She heads a department historically seen as weak and irrelevant by too many men in power. They dismiss Continue reading »
Economy
The reforms recommended by the Review of the Reserve Bank have been well received, but it is questionable whether they will ensure that the Bank’s performance improves and that it can avoid the mistakes of the recent past. The independent review of the Reserve Bank was commissioned by the Treasurer last July, and its report Continue reading »
Australia has been paying insiders of the US war machine for consultation on how to run the nation’s military, a massive conflict of interest given that Washington has been grooming Australia for a role in its war agendas against China. In an article titled “Retired US admirals charging Australian taxpayers thousands of dollars per day Continue reading »
In recent years, commencing in the pre-COVID period, Australia’s balance of payments has consistently recorded a surplus on the current account. This has confounded some commentators, especially those who followed the compelling ‘debt and deficit’ (and especially the ‘twin deficits’) narrative that emerged in the mid-1980s. Does it mean that that narrative should no longer Continue reading »
The Financial Review’s political editor, Phillip Coorey, wrote last week that when it comes to superannuation policy, the Grattan Institute “increasingly resembles the financial policy arm of the Greens”. I am not exactly sure what that means – and I am Grattan’s lead on super policy – but I’m pretty sure he didn’t mean it as Continue reading »
Anthony Yates looks at Rishi Sunak's promises over inflation which might help him cynically suppress public pay demands but do nothing to address the roots of our economic malaise
Failure to adequately tax mining super profits has greatly damaged the Australian economy. Living standards have stagnated in the last decade or so, while inequality has increased. This article argues that the two are related and that the concentration of profit growth in the mining sector is an obvious reason why the increase in inequality Continue reading »
The longer the corporate state erodes the social bonds that knit us to society and give us a sense of purpose and meaning the more inevitable an authoritarian state and a Christianized fascism becomes.
The post Chris Hedges: The United States of Paralysis appeared first on scheerpost.com.
Australia has several very viable options for not buying AUKUS nuclear submarines. All of them are much cheaper in the medium to short term and vastly cheaper and much less political in the long term. I have written before about alternatives to buying and operating nuclear submarines by Australia. The main disadvantages of nuclear submarines Continue reading »
BlackRock said it attended a meeting at the request of the Government to form a relationship with Nadhim Zahawi Nadhim Zahawi spent part of his last week as Chancellor seeking advice and “continued support” from the world’s largest asset manager on the Financial Services and Markets Bill and a number of other UK issues, Byline […]