A protestor interrupts Treasurer Jim Chalmers, on right, at an event in Queensland in March. Jono Searle/AAP

Friday essay: The dangers of centrism in a time of crisis

The science says we need to rush on climate change, but centrists like our PM are still telling us it’s not yet time to stop building new gas or coal mines.
If we want economics to appeal to young Australians, it needs to move away from theory and towards tackling some of the trickiest issues faced by the next generation. www.shutterstock.com

Economics needs to get real if we want more young Australians to study it

For economics to play a more helpful, critical role, it must abandon blind faith in the free market and embrace the social, historical, and environmental context in which economics actually happens.
Treasury Secretary John Fraser now has plenty of company in calling for a ‘fundamental rethink’ of retirement income policy. AAP/Lukas Coch

Time to listen to the evidence for a rethink of super tax concessions

Over the last six months a public consensus has emerged among academics, think tanks, community organisations, elements of the superannuation industry and most politicians about superannuation.
Because their votes may be open to negotiation, crossbench senators often have the final say on the form, and passage, of legislation. AAP/Alan Porritt

Scorn the crossbench, ignore Australian political history

Instead of treating crossbenchers in parliament as a source of chaos and an aberration, we should recognise that they play a crucial role in shaping legislation as the constitution provides.
Robert Menzies may be a Liberal hero for John Howard and his successors in the current government, but his budgets fit their definition of ‘disaster’. AAP/Alan Porritt

Menzies, a failure by today’s rules, ran a budget to build the nation

Robert Menzies left Australia in far worse financial shape than he found it, at least according to current treasurer Joe Hockey’s favourite debt and deficit benchmark. Having inherited budget surpluses…
Miners, farmers and trucking companies spoke out over rumoured cuts to fuel tax credits in this year’s budget, and the credits for off-road diesel use are now tipped to be left alone. Rebecca Le May/AAP

Viewpoints: should fuel tax credits be cut in the budget?

Tony Abbott has warned there will be “tough decisions” in tomorrow’s federal budget – but would his government risk an industry and internal backlash by cutting back on multi-billion-dollar fuel tax credits…
New South Wales’s Appin power plant runs on coal seam gas. Bluedawe/Wikimedia Commons

Three myths the coal seam gas industry wants you to believe

Coal seam gas has an image problem, as a former Santos chairman and others in the industry have acknowledged. The way the industry extracts natural gas from deep underground coal seams, both here and overseas…
World Bank President Jim Yong Kim warns investors not to ignore climate risks. EPA/Chris Kleponis

Fossil fuel campaigners win support from unexpected places

If you haven’t heard about the growing campaign for fossil fuel divestment, and what it means for both your retirement funds and for the global economy, it’s time to pay attention - because now even the…
There was no plan in treasurer Joe Hockey’s MYEFO to get the economy out of a slump, and it looks like staying there for some time. AAP/Alan Porritt

MYEFO: how can the Abbott government fix Australia’s economy?

Sooner or later, the Abbott government will have to stimulate the economy using fiscal policy – just like the Rudd government did in response to the global financial crisis and the Howard government did…
The PUP bloc will only be able to act on issues the major parties disagree on. AAP Image/Paul Miller

Why Palmer’s pups are unlikely to block the Senate

If you believe the recent media reports about the composition of the Senate from July 1 next year, you’d think we were facing three years of the Clive Palmer’s Palmer United Party (PUP) “bloc” holding…
Bearers of bad news: Treasurer Chris Bowen and Finance Minister Penny Wong deliver the government’s economic statement.

Economic statement: experts respond

A slowing economy and drop in government revenue has led to an increased budget deficit, new taxes and some cuts to existing programs. Delivering the Rudd government’s long awaited economic statement…
The lack of transparency for the economic modelling of the Galilee Coal Project means the public must rely on the word of Waratah Coal. AAP Image/Lukas Coch

Can we trust Clive? Commercial‑in‑confidence coal mines

Clive Palmer’s Waratah Coal claims its Galilee Coal Project, which will create four underground mines, two open-cut mines, and 468 kilometres of railway line in central Queensland, will bring economic…
Small tax, or Big Picture? Labor wants to be seen as low taxing, but are actually big spending reformists. AAP

Has Labor’s tax aversion left them on the verge of electoral defeat?

Regardless of the result of the next election, the ALP will hold an inquiry into what went wrong. How on earth, they will ask, could a government presiding over low unemployment, low inflation, low levels…
The mining tax has raised less in its first six months than the government expected. AAP Image/Lukas Coch

Mining tax shortfall: the experts respond

Treasurer Wayne Swan today announced that the mining tax had raised $126 million in the six months following its introduction, well below the $2 billion the government had expected it to yield this financial…
Coal mining is crowding out industries that could bring more benefits to more Australians. AAP Image/Dave Hunt

Limiting Australia’s ballooning coal exports is good for the economy

Last week, Greenpeace released a report calling for a halt to Australia’s burgeoning coal exports and pointing to the catastrophic climate impacts they would cause. In response, Mitch Hooke, chief executive…
For some, “fighting to the end” provides purpose but it can seem painfully pointless to others. Ed Cave

A challenge to our leaders – why don’t we legalise euthanasia?

TALKING ABOUT DEATH AND DYING - We can choose so many of our life experiences, but it seems we can have no say in whether we die in pain or at peace. Today we consider why we don’t have a policy on physician-assisted…

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