by Richard Denniss[Originally published on the Guardian Australia, 15 April 2020] Just as economists should never be used to tell Australians what kind of society we “must” live in, medical scientists, and indeed climate scientists, should never be used to tell us what we “must” do. The role of experts is to inform us about

by Ebony Bennett[Originally published by The Canberra Times, 01 April 2020] Unprecedented times call for unprecedented measures. State and federal governments are exercising broad new powers and deploying eye-popping public spending to manage the COVID-19 health and economic crises. But government transparency and parliamentary accountability will be crucial to preserving one all-important commodity: trust. There

by Richard Denniss[Originally published by The Guardian Australia, 1 April 2020] The Coalition just announced a $130bn wage subsidy when the budget is already in deficit. As that sinks in, try to absorb the fact that the $130bn wasn’t targeted at any vulnerable group and had absolutely no “mutual obligations” attached to it. It was not “funded”

How the secretive trillionaire superannuation funds are using your money to reshape capitalism

by Richard Denniss[Originally published by the Australian Financial Review, 31 March 2020] After a $62 billion shot of adrenalin designed to keep businesses going through the coronavirus crisis, the Morrison government has finally ditched its strategy of “targeted and temporary” measures based on existing policies. Instead, it now wants to put large parts of the Australian

by Ebony Bennett[Originally published by the Canberra Times, 21 March 2020] After a summer of unprecedented bushfires and a billion animals dying, Australia now finds itself in the midst of an unprecedented public health pandemic with an economic crisis to match. While the $17.6 billion economic stimulus program was welcome for an already sluggish economy,

For decades, Australians have been sold an imagined poverty. We have been told we need to “rein in” government spending – that if we want to spend more on health or education, we will need to spend less on the age pension or childcare. The Coalition even has an arbitrary cap on the size of

The scale and scope of the economic downturn caused by COVID-19 will be unprecedented in our lifetimes. Mainstream economists have belatedly realised the pandemic will cause an economic downturn, but they are not yet appreciating the size of that downturn, nor the unconventional responses that will be required. Simply calling for government “stimulus” is sadly inadequate, given the complete shut-down of work and production that is occurring in many sectors of the economy. The task is no longer supporting markets with incremental “pump-priming.” What’s needed is a war-like effort, led by government, to mobilise every possible resource to protect Australians’ health and livelihoods. Money is not an object – and this epic effort should not be held back by normal acquiescence to private-sector priorities and decisions.

If you thought the prime minister was slow to respond to the bushfire crisis, take a look at his response to Australia’s ailing economy. Morrison is currently trying to pivot away from the government’s economic inaction using the coronavirus outbreak as cover, but the only reason the coronavirus might push Australia into recession is because the economy has been languishing since the Coalition took office in 2013.

by Richard Denniss[Originally published in the Australian Financial Review, 02 March 2020] In the summer of 2010, devastating floods hit Queensland killing 33 people, causing billions of dollars in damage, shutting coal mines, and knocking an estimated $30 billion off GDP. The then Labor Government’s promise of a budget surplus was washed away too. Fast

by Ebony Bennett[Originally published in the Canberra Times, 07 March 2020] It might be time to panic. Not about running out of toilet paper, the real danger is that the Morrison government will undercook its mooted fiscal stimulus package and risk sending Australia into recession to prove an ideological point. The economy has been weak

There has been much discussion in recent months about the apparent slowdown in Australian productivity growth. Rather than dredging up the usual wish-list of the business community (more deregulation, more privatisation, and more deunionisation), it’s time to look at the deeper, structural factors behind stagnant productivity. In this commentary, Dr. Anis Chowdhury, Associate of the Centre for Future Work, looks to the perverse role of our overdeveloped financial sector in slowing down productivity-enhancing investment and innovation.

A part-time cleaner earning $18,000 a year will receive zero tax concessions for their compulsory superannuation contribution; meanwhile, a chief executive of a big bank can get tens of thousands of dollars every year in taxpayer support for their “retirement nest egg”. This is the strange world of Australia’s retirement income system: a world in

by Ebony Bennett[Originally published in The Canberra Times, 22 February 2020] I’m not a revhead, but I come from a Holden family. Not a Holden worker family, but the type of Holden family that used to get up before sparrow’s fart to catch the bus five hours to Bathurst to watch Peter Brock race (my

by Richard Denniss[Originally published on Guadian Australia, 19 Feb 2020] After a summer of catastrophic bushfires, the most brutal evidence of the impacts of climate change, the Government has managed to move the debate towards the ‘pros and cons’ of setting a long-term net zero emissions target for 2050. Well played, Scott Morrison. While #Scottyfrommarketing

by Richard Denniss[Originally published in the Australian Finacial Review, 24 Feb 2020] If you think Ministers handing out sports grants to marginal electorates is a waste of taxpayer money, you need to take a look at the Coalition’s plans to hand out coal fired power stations as well. The former free marketeers in the Coalition

In a new guest commentary for the journal Canadian Dimension, Centre for Future Work Director Jim Stanford argues that existing power relationships in the labour market are being reinforced, more than disrupted, by the process of technological change.

by Richie Merzian[Originally published by 10 Daily, 11 Feb 2020] In a matter of days, many Australians have been thrust from one extreme to another — from bushfires that refuse to be put out, to flooding rain that seemingly won’t stop. It’s a cruel irony. The unprecedented bushfires that devastated Eastern Australia over the summer

by Ebony Bennett[Originally published in The Canberra Times, 08 February 2020]There’s a hole where Australia’s climate and energy policy should be and the Morrison Government just keeps digging. The cheapest, cleanest solutions are right in front of its nose and yet it keeps subsidising the problem. In the face of a climate-fuelled bushfire crisis the

by Richard Denniss[Originally published on Guardian Australia, 05 February 2020] If you think the quality of debate about climate change and bushfires is bad, allow me to give you a glimpse into the debate over the link between the supply and demand of fossil fuels and their price. Spoiler alert – according to the Morrison

by Richard Denniss[Originally published in the Australian Financial Review, 04 February 2020] Scott Morrison loves to say that Australia is on track to ‘meet and beat’ our climate targets, but he’s a lot quieter about where that track leads. Admittedly, saying he plans to double Australian coal exports does provide some big hints. If all

by Ebony Bennett[Originally published in the Canberra Times, 25 January 2020] “Unprecedented” is the word that comes up again and again. But the more often this extreme weather churns out new surprises, the more the word “unprecedented” seems inadequate to capture this new hostile climate.  A sheep stands in a paddock in the wake of

by Richard Denniss[Originally published on Guardian Australia, 22 January 2020] Would the prime minister rule out protecting Australians from terrorism if it cost a single job? Would he promise that no nurse, teacher or other public servant would be sacked in pursuit of a budget surplus? Of course not. But when it comes to preventing

by Richard Denniss[Originally published in the Australian Financial Review, 21 January 2020] Scott Morrison loves to say that Australia is on track to ‘meet and beat’ our climate targets, but he’s a lot quieter about where that track leads. Admittedly, saying he plans to double Australian coal exports does provide some big hints. If all

by Ebony Bennett[Originally published in the Canberra Times, 11 January 2020] So far, the lives of more than a billion animals have been extinguished in the bushfires. A billion. Gone. Millions of hectares of native forests are burned, along with tens of thousands of dead livestock. Hundreds of family homes are now ash and dozens

by Richard Denniss[Originally published by the Guardian Australia] If only Scott Morrison was as willing to spend money preventing climate change as he is to spend it on disaster repair. The idea that a “stitch in time saves nine” and “an ounce of prevention is worth a pound of cure” was once central to the conservative approach

by Richard Denniss[Originally published in the Australian Financial Review, 07 Jan 2020] If Australia and other countries meet their current emission reduction targets bushfires are still going to get much, much worse. Over the past century, humans have caused the world to warm by one degree, but if Australia and the rest of the world

by Fergus Green & Richard Denniss[Originally published in the Australian Financial Review, 26 November 2019] The amount of fossil fuels that companies and governments around the world expect to extract over the coming decade is startlingly out of kilter with the imperative to maintain a stable climate system – and Australia is a large part

by Ebony Bennett[Originally published in the Canberra Times, 18 November 2019] I was a cub reporter working in the press gallery for the Sydney Morning Herald when bushfires engulfed Canberra in 2003, claiming four lives and almost 500 homes. It’s seared in my memory, as I’m sure it is for a lot of Canberrans. I’ve been thinking

by Richard Denniss[Originally published on the Guardian Australia, 13 November 2019] It’s not just climate protesters who powerful voices are trying to silence in Australia, it’s anyone who wants to talk about the bigger-picture causes to the problems Australia is facing. In modern Australia it has become “inappropriate” to talk about why our rivers are