Policy Spotlight
Windfall?
The Guardian recently said the quiet part out loud – the Coalition’s pivot towards nuclear energy is scaring away the big money that is backing renewables. That’s right, the mere fact that the Federal Opposition (who aren’t fancied to win the next election mind you) has proposed nuclear energy for Australia is enough to put investors off backing renewable projects....
Libertarianism is an Ideology, But Not a World View
Libertarianism is an ideology, but not a world view, according to a distinction offered by Ludwig von Mises in Human Action. A world view, Mises explains, is “an interpretation of all things,” “an explanation of all phenomena.” In short, world views “interpret the universe.” Ideology, by contrast, is a narrower concept comprising “the totality of our doctrines concerning individual...
Welcome to Borroloola Land
Every failure in Aboriginal affairs creates an opportunity to offer a shiny new bauble to public servants and the journalistic cheer squad. Last weekend, in light of the failure of the Voice referendum, there were three baubles – naming an Indigenous state, renewable self-determination, and a new economic development plan. The cost of the baubles is to put off the...
A Nation of Takers
One of the many inequities of Australia’s welfare system is the exclusion of family homes from the means test. Recipients of age or disability pensions can own houses worth millions of dollars while remaining eligible for pensions funded by the taxes of people who cannot afford to buy a house at all. In private, many politicians agree that excluding the...
Olympic Dam’s Gold Medal Performance
It is exactly 50 years since Western Mining first discovered the massive gold, silver, copper and uranium ore body at the aptly-named Olympic Dam in South Australia. A golden anniversary indeed! But discovering the ore was just the beginning. The fight to allow uranium mining at Olympic Dam was brutal. The ruling Labor Party, under then Premier Don Dunstan, was vehemently opposed...
More Political Competition
According to Treasurer Jim Chalmers, increasing competition among supermarket giants will help deliver lower grocery prices: "If it is more competitive, more transparent and people are getting a fair go, better outcomes will be seen at the supermarket checkout". The ACCC also notes that competition encourages innovation. But where enhanced market competition can lead to improved consumer outcomes, enhanced political competition...
How Sunk Cost Fallacy Drives Authoritarian Policies
Sunk cost fallacy is the tendency of people to stick with a decision or course of action that isn’t having a positive result because the person has invested time, money and/or resources that cannot be recovered and do not want to feel that they have wasted them. In many cases, sunk cost fallacy can even drive people to double...
The Contradictions of Environmentalism
There is an unresolved contradiction at the heart of environmentalism: are humans special, or not? That may seem like a pretty basic question, but from it flow a raft of challenges to environmentalist thinking. For most of human history, the answer was taken as a given: of course humans are special. Creation myths around the world, Christian, Babylonian, Hindu or Māori,...
Childcare – Why should you pay for it?
Starting before they are born, our governments spend a lot of money on children. The Commonwealth budget for education alone is $67 billion, and in NSW $24 billion. Add the other states and territories, plus health care, and as the saying goes, pretty soon you’re talking real money. While our society obviously values children highly, it is rare that anyone questions...
The Coming Populist Revolt
Populism occurs when the masses revolt against the elites’ view of the world. Elite opinion does not often deal directly with popular opinion, that is, with the people who have to pay for elite opinion. When elites get it wrong, the masses revolt through the ballot; the Voice referendum being a good example. The question is, when is the...
