In the wake of the rise of One Nation, the backlash against the Howard Government at the last election and the defeat of the Kennett Government in Victoria, The Australian newspaper recently devoted a week of feature articles to reporting on the distribution of income and wealth in Australia after 17 years of economic rationalism.…
As the date falls due for deregulation of the dairy industry, there is mounting concern of the effects it will have on farmers, and growing calls for deregulation to be scrapped and replaced with a new regulation formula. Last December, the new Victorian Labor Government gave dairy farmers a vote on whether they wanted deregulation…
Australia and the US may both preach free trade, but only Australian politicians and bureaucrats seriously practise it. As the table below shows, US assistance to farmers has remained high over the last decade, as have subsidies to farmers in the 29 most advanced nations that make up the Organisation for Economic Cooperation and Development…
Many analysts and commentators judged the Federal Budget, not by what it would do for average Australians, but by how the financial markets would react, Pat Byrne reports. The reason that government policy must satisfy the markets first and the electorate second, is because the markets can withdraw their capital, which Australia badly needs to…