At a time when Australia’s addiction to fossil fuels should be wound back, fossil fuel extractors keep on enjoying perks that rank them at the top of no tax paying corporations operating in Australia. Continue reading Shell to be allowed to avoid resource tax obligations
In its submission to the current minimum wage case, Australian Chamber of Commerce (ACCI) and Industry has put that Australia cannot afford it. It wrongly suggests that Australia already has one of the highest minimum wages in the world and poses higher wages as counter to creating jobs. Continue reading Big business and Morrison government want the minimum wage frozen
Greg Jericho wrote (The Guardian 28 January 2021), “Covid-19 has actually hidden the weakness of the economy”. He hit the nail on the head and adds that “Australia’s economy has been weak for many years now”. The problem is that policy makers are now hiding behind the Pandemic to avoid admitting the truth, and this stands to make the situation even worse. Continue reading Systemic failure is wrecking Australian economy not the pandemic
We must look closely to the Reserve Bank’s cut of the interest rate to 0.1 percent, the buying of $100 worth of government bonds, to provide protection to the banks and other financial institutions. Continue reading Australia now has almost zero interest and billions for the banks
As the reality of the biggest economic and job crisis experienced since the Great Depression hits home, and the failure of economic policy to address the underlying problems over decades becomes increasingly obvious, interest in alternative approaches to economic policy has grown. Continue reading A critical view of Modern Monetary Theory
While delivering this year’s budget, Treasurer Josh Frydenberg put a lot of effort towards trying to convince Australia that everyone is going to be made better off.
It wasn’t hard to work out that this was spin, to counter public hostility, and at the same time, push through the government’s political and economic agenda. Continue reading Budget will give to a few and impose a burden on the rest of us
Forty-nine eminent economists have called for a budget that provides stimulus to the economy and for the tax cuts, mainly going to the richest Australians, to not go ahead. Continue reading Economy needs stimulus and attention to the underlying problems
We know it now. Scott Morrison is forging ahead and bringing forward the intended tax cuts for the wealthiest Australians, and this is being sold, via a manipulative campaign against “taking money out of people’s pockets.” Continue reading Morrison’s tax cuts will hurt people and damage economy
Crony capitalism is alive and well in Australia. You can say crony capitalism exists when those who are administrating political power are for sale and hand out political favours in exchange. Continue reading Scott Morrison and the escalation of crony capitalism in Australia
