Issue 3
Happy Birthday ACTU

Happy Birthday ACTU

I acknowledge the traditional owners of this land, I pay respect to elders past and present.I’m honoured to be here tonight with so many inspirational people. When I call you inspirational, I’m not trying to be nice for the sake of it. It’s because I’ve never...

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After Piketty

After Piketty

After Piketty opens with a discussion by Arthur Goldhammer, the book’s translator, of the reasons for Capital in the Twenty-First Century's phenomenal success, followed by the published reviews of Nobel laureates Paul Krugman and Robert Solow. The rest of the book is...

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An honest history book?

An honest history book?

Thank you to David and Alison for inviting me to launch their provocative, combative and myth-busting Honest History Book. It’s a punchy collection of essays by some of our very best historians. This book busts myths and bursts bubbles. It is a history book for our...

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Is Australian history still possible?

  Australia and the global eighties It is a mark of the limiting character of a purely national perspective that it has been so rarely noticed that two English-speaking democracies of the 1980s each had a former trade union official as its national leader. Bob...

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Fixing the Productivity Commission

Fixing the Productivity Commission

Productivity Commission Amendment (Reducing Inequality) Bill 2017This bill places inequality firmly on the agenda of one of our country's most influential economic policy institutions. We consider the bill at a time when inequality in Australia is at a 75-year high,...

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Good, but must do better

Good, but must do better

‘Define your terms,’ Voltaire wrote, ‘or we shall never understand one another.’ He was talking about miracles, but much the same might be said of ‘globalisation,’ a term used by both supporters and opponents to mean a great many different things.The Organisation for...

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New inequality research

New inequality research

Following are brief notes and key charts about new data on: the share of Australian incomes accruing to the top 10% and top 1% (of individual adult income earners); the size and implications of tax evasion for inequality; and the distribution of income and wealth in...

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Penalty rate cuts will boost inequality, not employment

Penalty rate cuts will boost inequality, not employment

Australia’s Fair Work Commission has recently decided to reduce penalty rates for work on Sundays and public holidays in the retail and hospitality sectors. Rates would fall by 25 to 50 percentage points of base wages, for most employees covered by the retail,...

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The Guardian joins the cause

The Guardian joins the cause

The Guardian has kicked off a new project investigating inequality of all kinds, all over the world. The paper's 'Inequality Project' is supported by the giant NewYork-based liberal-orientated Ford Foundation. The paper report's that all the content is editorially...

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The PRRT & the ineptitude test

The PRRT & the ineptitude test

In 2013, Opposition Leader Tony Abbott said of Labor’s mining tax: ‘What an extraordinary exercise in ineptitude: the first tax in the history of the Commonwealth that actually does not raise any money.’ If the success of a tax is measured by the revenue it raises,...

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Want to change the world?

Want to change the world?

AIME says the answer is equal education, and has produced a gorgeous animation to promote the idea of education mentoring worldwide.AIME stands for the Australian Indigenous Mentoring Experience, a charity that runs a mentorship program designed to give Aboriginal and...

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Income inequality across Australia

Income inequality across Australia

  With affordable houses increasingly out of reach, wage growth slow and household debt high, Australians are certainly feeling poor. But how do they compare to their neighbours? New Census data confirms there’s a lot of variability in income. The Census breaks...

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Who owns the world?

Who owns the world?

When people say share ownership is highly diversified, they think most large public corporations have lots of shareholders and often the largest shareholder has less than 15 per cent, sometimes less than 5 per cent, of the total shareholdings. But looking at it this...

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The art of the real

The art of the real

The concept of ‘the Big Lie’—a brazen untruth pushed so relentlessly in mass media that it’s eventually mistaken for truth—is hardly novel. As is the case with so many other wretched stratagems of its ilk, capitalism got there first with the PR technique known as FUD:...

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The end of a fantasy

The end of a fantasy

To understand the sensational outcome of the British election, one must ask a basic question. What happens when phony populism collides with the real thing?Last year’s triumph for Brexit has often been paired with the rise of Donald Trump as evidence of a populist...

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Economic world record?

Economic world record?

With the release of the March quarter national accounts, there have been reports the Australian economy could break the Netherlands’ “world record” for continuous growth. But there are three problems with this assertion.It’s now been 103 quarters (25 years and 9...

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