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Almost a decade ago, I published an opinion piece that called for the abolition of what was then the G8, the group of the seven largest industrial nations and Russia. After the dramatic conclusion of last weekend’s G7 summit in Canada, we may be a step closer towards this goal. Read more
Have you noticed how often the disembodied “we” word is used to justify policy action in government today? A stray document that reached our inbox this week may explain why. Read more
Dilbert creator Scott Adams likened knowing a bit of economics to having a mild superpower. High among economists’ mild superpowers is the ability to use formal mathematics to define what words mean. Read more
George Orwell would have had fun with the terms of reference of the Government’s Fair Pay Agreement Working Group. Practically none of these terms can be taken at their literal value, starting with the stated purpose. Read more
Oliver Hartwich speaks to Mike Hosking on the Fair Pay Agreements. These agreements will set minimum standards for wages and employment conditions like allowances, weekend and night rates, hours of work and leave arrangements for all workers within industries. Read more
“You New Zealanders don’t know how lucky you are,” said virtually every Australian I met at the recent Friedman Conference in Sydney. New Zealand, they pointed out, had a better tax system with GST across the board rather than at different rates on different products. Read more
Having a change in government is a bit like moving house. When you pack up the house for a move, you get to take a hard look at a lot of stuff that’s accumulated over the years – things that might have been a mistake to buy in the first place and almost certainly should have been gotten rid of ages ago. Read more
If politicians could make companies more productive and innovative by decree, they would have done so a long time ago. That did not stop the previous government from actively trying to steer companies’ research and development activities. Read more
The candles have barely dimmed since his last birthday and we’re already celebrating Karl Marx’s 200th birthday, capitalism’s arch-critic. Over the past couple of centuries, capitalism has come to dominate a large part of the Western world. Read more
The two most exciting items in this year’s budget barely even made it into the budget tables. Both point toward better fiscal futures. Read more