Economy

The Online Safety Bill was introduced by the Morrison government last month with much fanfare about its mission to improve and promote the online safety of Australians. A lot of analysis of the bill has focused on its attempt to minimise harm to children online and to restrict the sharing of non-consensual images across digital platforms. The bill aims to do this by providing several new powers to the eSafety Commissioner, an office that was established in 2015.

Like the dog that caught the car, Australian conservatives have succeeded in a decades-long quest to crush the bargaining power of unions and workers. And, in turn, they have succeeded in crushing average wage growth.

As the year like no other draws to an end, the challenges and crises it presented have highlighted the nation’s strengths and dramatised its weaknesses. Facing up to these realities will be particularly daunting for our political leaders as they ready themselves for the next federal election.

There’s no doubt the prime minister had picked up on the enormous hurt suffered by businesses during the pandemic, particularly in the tourism sector, but what he had missed was people’s concerns about their health. To that end, older voters gave big swings in hitherto safe non-Labor seats on the Sunshine and Gold coasts.

Australia cannot afford to simply meander through to the other side of this Covid-19 crisis … If the government had the capacity to see this moment for what it is, it would find a vast majority of the country, across the political spectrum, supportive of real progress towards a green economy.

The hole could surely be seen from Mars: a deficit of $213.7 billion this financial year and projected to fall to $66.9 billion in 2023-24, still massively in the red by previous Australian standards … The sheer size of the numbers suggests to seasoned observers that the government only half believes in the ‘hope’ the treasurer spoke of in his speech – hope that recovery is under way and that ‘Australia is up to the task’.

‘The first thing Josh Frydenberg should do in next Tuesday night’s budget speech is say sorry,’ says Wayne Swan, the man whom the Liberals cut no slack after he failed as treasurer to deliver Labor’s promised budget surpluses. Neither a global financial crisis nor a massive collapse in export revenues were acceptable excuses to the Coalition back then.

Tony Abbott has a lot to answer for. The former prime minister’s judgement on the national broadband network, climate and energy have led to costly and embarrassing failures. Now Scott Morrison is left to pick up the pieces – trying to reposition his government to be more in tune with the situation contemporary Australia is facing.

I bought John Kehoe a coffee in 2016, when we were both in Washington, DC. Too late now for a refund, and there was, as far as I can remember, no hint of any latent Oedipal drive behind his small talk, nothing to indicate that on April 9 of this year, I would open The Australian Financial Review and find him making the case for his father as a human sacrifice.

Two weeks ago, during the last sitting of the federal parliament before the budget early next month, Anthony Albanese decided it was time to take up the fight against the government on the economy. The Labor leader sensed the prime minister and his treasurer, Josh Frydenberg, were embarking on a course of action that would see jobs and economic management become the key issue at the next election. Rather than it being the Coalition’s strong point though, Albanese saw what could be its fatal weakness.