Australia is in a rut: becoming older, flabbier and less nimble to play to the conditions.
The nation is getting more expensive to run, invest in and house, revealed by a bulging and indebted state, an overly regulated private sector, threats of capital flight and the punitive cost of homes.
In a week when the Albanese government slash, shifted the nation closer towards the planned economy favoured by the left, which seems incapable of understanding the process of wealth creation, the Business Council of Australia pressed ahead with its drive to encourage government to overhaul economic policy to encourage productivity improvements.
It says something about national smugness when the feelings of the ‘Jidirah Spirit Whale’, which tells all the fish in the sea what to eat, when to mate, and where to migrate, overrides an $18.7 billion Woodside offshore gas project with the capacity to power 8.5 million homes for 30 years.
Australia is confronted by three big changes in our strategic circumstances that are making our steady-as-you-go approaches to security and economic development untenable.
We face a markedly increased risk of war in the Indo-Pacific; the global economy is restructuring rapidly in adverse ways; and the Australian economy has stalled with essentially zero productivity growth, declining international competitiveness and a flight of much-needed investment.
Australia’s richest person Gina Rinehart has called for “genuine” leaders to take the country forward in the new Trump era as she lambasted the “green ideology” for stalling investment in a range of sectors.
The last week has seen the creation of a new Australian cottage industry in making predictions about how Donald Trump would hurt the Australian economy. Tariffs, inflation, war, the death of democracy, you name it.
As you dig into your breakfast this National Agriculture Day, take a moment to think of the people who put that food on your table.
One of Donald Trump’s most eye-catching moves this week was appointing Elon Musk and fellow tech billionaire Vivek Ramaswamy as outside efficiency experts to the US federal government.
Should Opposition leader Peter Dutton aim to be more like incoming president Donald Trump?
One woman was weeping, people were hugging, some dancing to the periodic bursts of Trump’s trademark favourite by YMCA over the sound system; most were whooping and cheering.
Anthony Albanese will use a speech to mining industry workers to call for a defence of the Government’s same job, same pay laws, which have been slammed by industry, ahead of their implementation this week.
Australian farmers are making a big push into India as an alternative market to China, with a 50 per cent jump in agricultural exports since a new trade agreement came into force last year.
