Late in the 1970s Keynesian economics was largely abandoned when it failed to explain the stagflation that had occurred during that decade. Recently, in my piece ‘What economic plan?’, I quoted an Australian analyst with the CBA who suggested that recent national data released by the ABS was showing... Read More
Those who missed the ABC’s Lateline last Wednesday night lost the opportunity to learn about a private (they would prefer the term ‘independent’) school in Sydney that actually seems to want to make a difference.
Barker College, a co-educational school in the Anglican tradition, based at Hor... Read More
You all know what that idiomatic expression means – being tricked into buying something that is worthless. It arose from the old swindle of selling a bag that purportedly contained a piglet, but instead there was a puppy inside.
PM Turnbull wants you to believe that his bag contains a piglet, bu... Read More
Economists will tell you that they practise a science in a similar way to chemists, biologists and physicists. If certain inputs are made to solve an economic problem, there will be a certain result. Other scientists also use the same process, a chemist will tell you if you add certain quantities ... Read More
Have you ever noticed that politicians in general have a great ability to blame others? As an example, here Labor is blaming Prime Minister Turnbull (as he was the former communications minister) for a $15 billion cost blowout in the construction of the NBN. Here’s Turnbull in 2013 accusing Labor of... Read More
The image above shows rich and poor alongside each other in Mexico. Is this Australia’s future under the Liberals?
Australia has a long history of egalitarianism. Between the gold rushes and the 1890s Australia was considered a ‘working man’s paradise’. The depression of the 1890s changed that s... Read More
Tony Abbott liked to scare us with tales of violent terrorists coming to attack us and, therefore, requiring more and more security to protect us. Even if we thought he was crazy or going too far, at least he was addressing us. Think about Turnbull’s approach and ask where are the policies, even the... Read More
If you had to pick a minister to deliver a nasty message, you would not go past Peter Dutton, master of cruel comments, replete with his trademark po-face and matching body language. Last week, on Sky News, responding to the suggestion by the Greens that we should up our refugee intake to 50,000, hi... Read More
Now that the official election campaign has entered its second week, it’s time to assess how each of the major political parties is framing its narratives.
You will recall that earlier this year there were three pieces on The Political Sword on framing: Framing the political debate – the key to ... Read More
So who’s enjoying the current federal election campaign?
The television stations certainly are as they are boosting their revenue by the second through showing the election advertising for the various political parties and lobby groups. The newspapers are also getting their share of additi... Read More
Some reading this would be able to remember the days when the urban dream was the quarter acre block in a ‘nice’ suburb, with a Holden, Falcon or, if you were a real radical, a Valiant parked in the driveway. If you’re younger, you’ve probably seen the concept on any one of a number of Australian hi... Read More
In a piece published on 13 April, I predicted that inequality would be a hot button issue in the upcoming election. Now that we have had both Scott Morrison’s budget speech and Bill Shorten’s speech in reply, we can see how this issue will play out in the election. Although the word ‘inequality’... Read More
Malcolm Turnbull launched his ‘National Innovation and Science Agenda’ on 7 December last, three days after Labor had launched its ‘start ups’ policy, ‘Getting Australia Started’.
The launch dates for the policies mean little as obviously before such a launch there has been considerable b... Read More
Let’s face it, the Australian political system is a winner take all arrangement. Either the ALP or the Coalition will win any given state or federal election and then proceed to implement some version of the policy that was voted on by the members of the political party at various conventions.
... Read More
My Lords and my Ladies, I beseech your indulgence, here before your magnificent court, as I present for your amusement and moral edification the fourth iteration of the tale of Tiny Napoleon O’penmouth and his rival Mal C’od-turn-a-bull. And a new rival emerges but you must await... Read More
[Scott Morrison, Malcolm Turnbull and Martin Parkinson]
Any good public servant will tell you that policy is determined by government ministers. In Senate Estimates, and other committees, you will often hear public servants say they cannot comment on policy issues, that such questions should b... Read More
One of the points of difference between the Turnbull government and the Shorten opposition is negative gearing. We would all still be here next week if the current regime and the proposals were discussed in full, so how about we attempt to do the ‘helicopter’ version. Just keep in mind that th... Read More
Since the 1980s, Australia has changed the way we prepare for our retirement. Rather than depending on an aged pension from the government and some personal savings, greater emphasis has been given to superannuation and building retirement incomes in that way. All three remain in play for reti... Read More
Apart from the obvious statements, we can also tell there is an election in the air as, after six months of inactivity, the Turnbull government has engaged in a flurry of policy announcements — or in some cases what should be termed policy ‘thought bubbles’. That is not to ment... Read More
‘Inequality’ is a term used by economists. Joseph Stiglitz has been writing for years about its damaging effect. His book: The Price of Inequality is a classic. More recently, Thomas Piketty entered the arena with his Capital in the Twenty-First Century and hypothesised about the genesis of ine... Read More