Crispin Hull

A radical credit card idea

The market value of Mastercard, Visa, and American Express totals $1,200 billion. Together, they have revenues of about $80 billion a year. They are American companies listed on the New York Stock Exchange.

Quite a lot of their revenue comes from Australia. It is worth mentioning this as the Government flaffs around trying to respond to the shrinking role of cash in the economy and growing tendency for businesses to refuse taking cash for payments.

Power of the Misinformation Pandemic

I thought we were about to see the beginning of the end of what I call the Misinformation Pandemic. Apparently not.

Arguably the world’s largest purveyor of information (and misinformation), Elon Musk, has spent a couple of hundred million to play a pivotal role in getting Donald Trump elected. He is now to take a seat in the new Trump administration to direct “government efficiency”.

Monsters and their creator face demise

November 2024 could see the beginning of the end of two monsters and the end of the Frankenstein which created them: Donald Trump, Fox News, and News Limited.

Hopefully, we might see the end of a quarter-century trend of profits-before-truth and the relentless diversion of resources from the wider public to narrow powerful corporate interests.

Removing the policy impasses

The Independent Member for Wentworth, Allegra Spender, argued this week that the best result for Australia at the next election would be a hung Parliament.

Hear, hear. Spender argued at the National Press Club that a hung Parliament would break the paralysis that has overcome Australian politics and that a crossbench could and would demand serious attention to major problems in Australia’s society and economy that have been ignored for more than two decades.

Is politics about to tip?

Last Saturday’s election results in the ACT and in the NSW by-elections together with federal polling suggest that Australian politics is approaching a tipping point.

“The Tipping Point” is the title of a 2000 book by Malcolm Gladwell. It is replete with examples of how a few small things can cause a critical mass to build up with large consequences. He returned to the theme in a book this year called “Revenge of the Tipping Point”.

Warning about ‘Exhibit A’

Last week, Tony Schwartz, the ghostwriter of Donald Trump’s “Art of the Deal”, joined a long list of people who have worked with Trump and concluded that he is not fit to be President. Schwartz’s memoir is perhaps the most damning.

“A lack of conscience can be a huge advantage when it comes to accruing power, attention and wealth in a society where most other human beings abide by a social contract,” he writes in the New York Times. And Trump is “Exhibit A”.

Albo: govern do not react

It should have been surprising if Treasury were NOT modelling negative gearing, rather than that they were modelling it. It is basic house-keeping. And right now, we have a dead possum in the roof. Or worse, two live possums trashing the whole housing industry.

A Peter Dutton idea applied

Over the weekend, I had a Peter Dutton moment. It started with working out whether to get a storage battery for the house rather than sending excess electricity from the solar array to the grid.

The evidence should be in

There are evidence-based policies that provide the greatest good for the greatest number. And there are policies based on lobbyists’ and interest groups’ desires which provide large profits for a small number of people at the expense of everyone else or at the huge expense of a segment of people.

On health and population

Gosh, fertility in Australia is down. Should we be concerned? No. Should Australian Governments be moved to spend vast amounts of scarce health money on IVF programs to turn the trend around? No.

Last week, the Fertility Society of Australia and New Zealand rang the alarm bells at its annual conference in Perth.

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