Zombie ideas never die. Among the hardiest, it seems, is the suggestion that nuclear power represents a possible solution to Australia’s energy problems, including the need to decarbonize energy supply. I just received an invitation to an event entitled Going Nuclear: Reconsidering Australia’s Energy Mix being organized by the by Centre for Market Design at the University of Melbourne.
Here in Queensland, at least while the ALP is in office, we celebrate Labour Day as May Day, with a holiday long weekend on the first Monday in May. It’s a good time to think about how workers, in Australia and globally, can turn around the long decline in the reach and influence of trade unions and the resulting decline in the wage share of national income.
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
… That’s a bit rich
That’s the headline for my latest piece in The Guardian. Final paras
unlike the BCA, its opponents have been willing to specify the measures needed to pay for these desirable outcomes. Eschewing the small target strategy routinely recommended for opposition parties seeking office, Labor has announced a range of revenue measures that would finance a substantial expenditure program, combined with some tax relief for low and middle income households. These include scaling back negative gearing, crackdowns on tax evasion and avoidance, and a restoration of the 2% levy on top incomes.
The Business Council has long been a weak and ineffectual participant in Australian policy debate. If it is to be taken seriously, it needs more than astroturf front groups and websites. The Council needs to take on some of its members, both in relation to their corporate behavior and in their resistance to any tax reform that might cause them any pain. Until then, Jennifer Westacott should be more cautious in asserting that others lack a plan and believe in “fairies at the bottom of the garden
If all the coal in the Galilee Basin were burned, it would make it just about impossible to stabilize the global climate. Most attention has been focused on the Adani Group’s proposal for an integrated mine-rail-port project to develop its proposed Carmichael mine. There are however a string of would-be followers, including GVK Hancock and Clive Palmer.
The good news is that Adani’s March deadline for financial close, itself a deferral of earlier promises, has passed with no sign of anyone willing to finance the proposal. Even the Abbot Point terminal, which has long-term take-or-pay contracts with existing coal mines, is struggling to refinance its debt.
But there’s no room for complacency.
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