Wherefore art thou Albo?

Last week’s national accounts figures suggest that we are now midway through Act IV and it may be too late to save King Albo from his Shakespearean fate.

Prime Minister Anthony Albanese has, but for one crucial back-firing moment (the Voice), always been looking over his shoulder fearful and worrying about how what he proposes to do or not do could be used by his opposition (both political and in the media) to be played against him.

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CFMEU and the rule of law

What would have been the reaction if the Federal Government had responded to the banking and child-sexual-abuse royal commissions by legislating to put the offending banks and churches into administration?

After all, the allegations against the banks and churches were of similar seriousness as those against the Construction, Forestry and Maritime Employees Union.

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Breaking the ice with China

The icebreakers illustrate the story. This month China sent its third icebreaker, the new Ji Di, into the Arctic, following Xue Long (pictured) and Zhong Shan. One of them is in waters north of Alaska.

Meanwhile, the US Coast Guard icebreaker Healy abandoned its Arctic mission after an electrical fire and limped home on one engine to Seattle. The only other US Coast Guard sea-going icebreaker, the 55-year-old Polar Star, is undergoing a refit.

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Bringing the corporates to heel

Far too many economists, commentators (me included), policy advisers, politicians of all stripes, and voters were taken in by the intellectual appeal of economic rationalism in the 1980s and 1990s.

We failed to see how the selfish, the charlatans, and the opportunists in the corporate world would grasp the whole Thatcher-Reagan (and in Australia Hawke, Keating and Hewson) philosophy and turn it into a massive enterprise to grab public money and stuff it into their private pockets.

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Security: the new political fault line

Last Friday’s cyber meltdown that affected everything from supermarkets to banks was an instructive event.

Like many, I have been trying to understand the recent tectonic shifting of political alignments.

How did hitherto business-supporting conservative political parties become not only champions of the working class but that the working class is increasingly supporting them? Donald Trump’s realigned Republican Party in the US and the Coalition in Australia are good examples.

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Australia should measure up

Hello, how are you?”

Reply: “Not so good. The balance in the mortgage offset account has gone down to near zero because of rising interest rates. I got the house insurance bill this week. It was horrendous. The super balance isn’t too bad, but that doesn’t help much because I can’t get at it. The tax cut and cost-of-living bonus barely made a dint.” And so on.

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The threat of a Muslim political party

Senator Fatima Payman’s resignation/expulsion/removal from the Australian Labor Party and results in last week’s British election have caused a fair amount of hand-wringing and “watch-out” warnings.

Labour in Britain lost seats to several pro-Palestinian independents and pro-Palestinian Greens, including to former Labour leader Jeremy Corbyn.

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