20 Feb 2017

Article - Our Lost Decade on Climate Change & Energy Policy

It’s a lost decade we couldn’t afford on climate change and energy policy – but when the consequences are felt in years and decades to come, it’s incumbent upon us all not to forget the political opportunists and charlatans who led us down this path. 

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16 Dec 2016

Article - As the trickledown juggernaut rolls on, it's time to rejuvenate the middle class

If the electoral landscape over 2016 has revealed anything, it’s the incredible potential energy that exists in western democracies. The polarisation of politics and the intensity of contemporary debate attest not so much to widespread apathy as to fulmination for genuine change, at both poles of the political spectrum. Victory will belong to the party which can best convert this ferment into kinetic energy.

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15 Nov 2016

Article - The blindness of affluence and the need for a more inclusive form of prosperity.

Just over two years ago I was in New York working with Larry Summers and Ed Balls to prepare a report for the Center for American Progress on inclusive prosperity. One morning I had the opportunity to walk the High Line and on the side of an old brick building was a large advertisement which read “the French aristocracy never saw it coming either." 

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11 Nov 2016

Article - We Know How To Stop Trumpism

Far from history being over, it seems like the battle of ideas has only just begun. The election of Donald Trump, the UK’s exit from the European Union and the rise of nationalist parties such as the National Front in France, the AFD in Germany and of course, One Nation and their fellow-travellers in the Liberal and National parties in Australia have completely shattered the notion that support for trickle-down economics, particularly labour market deregulation and discriminatory trade agreements, is “settled” in Western democracy. Indeed, recent events suggest that a majority of voters have been stewing in ominous silence for the past two decades as their countries were transformed without their consent.

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24 Oct 2016

Article - The Economy Is Balanced On A Knife Edge

The spectre of Tony Abbott continues to haunt the Australian political landscape. As surely as his presence is a threat to Malcolm Turnbull’s tenuous Prime Ministership, so too are his policy positions poisonous to Australia’s national interest.
Earlier this month, the nominally ‘former’ Prime Minister reminded Australians of the threat that his economic views still pose to the nation. While carefully distancing himself from Donald Trump’s despicable personal record, Abbott wholeheartedly endorsed the Republican Presidential candidate’s economic agenda, singling out its high-end tax cuts and no doubt sharing his disdain for worker’s right as exemplars of ‘classic conservatism’.

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26 Aug 2016

Article - Inclusive Prosperity Dealing With the Perils of Wealth & Income Inequality

If there is one global political and economic lesson to be drawn from the Brexit experience and the rise of Sanders and Trump let it be this; we ignore the distributional outcomes of globalisation and unfettered market capitalism at our peril.  

Distributional concerns are the traditional preserve of the political left but the political right should now be just as concerned about the distributional impact of globalisation and unfettered market capitalism. As Bank of England Governor Mark Carney has said “just as any revolution eats its children, unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself.”

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06 Aug 2016

Article - Pigs Might Fly

Amid the public outrage caused by the banks profiteering off the 80 per cent of $1.4 trillion worth of home loans, there are larger, more serious long-term issues of public policy and financial stability at stake.

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04 Aug 2016

Article - Fairly Sharing the Benefits of growth: Australian Leadership in the G20

Australia’s international engagement reached a new high when we were admitted to the modern G20 on a temporary basis at the end of 2008 and a permanent basis later in 2009. This was a momentous change in global governance and, in my view, Australia’s greatest foreign policy achievement since the founding of APEC 19 years earlier.  It opened up global decision making to the disenfranchised developing world and gave a middle power like Australia a seat at the global decision-making table. It conclusively proved its worth as a crisis response body from November 2008 through to the Pittsburgh summit in 2009.

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17 Jul 2016

Article - Inclusive Prosperity Should Be Popular, Not Populist

As voters in the UK brace for the impact of Brexit and US citizens contemplate the candidacy of Donald Trump, in Australia Malcolm Turnbull’s government has fallen over the line after a long and lifeless Coalition campaign.

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02 Jun 2016

Article - Cutting corporate tax won't create jobs. It's yesterday's solution to our problems

Australian jobs have never faced a greater threat than they do under Malcolm Turnbull’s government. Almost 40 years after trickle-down economics was introduced in the US and UK under Ronald Reagan and Margaret Thatcher, Malcolm Turnbull has sought to import an even purer form of this foreign product into Australia.

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