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Economy

Commonwealth Bank of Australia chair Catherine Livingstone. (Image: AAP/Lukas Coch)

Real power isn't about powerful individuals

If there's anything we should take from the banking royal commission, it's that lists of the powerful shed little light on how power is really wielded, and even distract from focusing on the systems that channel corporate power.

Witness K scandal part of a long history of pandering to resource companies

The Witness K scandal and attempts to cover it up show how there has been bipartisan agreement to let commercial interests dictate Australia's foreign policy.

RBA governor Philip Lowe (Image: AAP/Dean Lewins)

Household finances tell a tale of diminishing wealth effect

In terms of household wealth, we only have the sharemarket going for us at the moment. Wages and property are undermining the "wealth effect".

Liberals again confirm big spender status

The Liberals continue to tax and spend at higher levels than Labor, but even when they abandon their own fiscal rules, the response is decidedly muted.

John Howard and Peter Costello. Image credit: Paul Miller/AAP

Royal commission adds Howard, Costello to the banking hall of shame

The Hayne royal commission interim report is a missile fired at the neoliberal fantasy at the heart of financial services regulation in Australia.

'Dishonesty and greed': banking royal commission interim report leaves many questions

The interim report of the banking royal commission has been released and as expected it is harsh on the banks, AMP and regulators.

Triple A credit rating endorses economic leadership of ... Malcolm Turnbull

A ratings agency has restored Australia's top level credit rating that we lost in 2016, providing a belated endorsement for Malcolm Turnbull's economic leadership.

RBA governor Philip Lowe (Image: AAP/Dean Lewins)

Protectionism, wage stagnation and debt on the RBA's watchlist

While Canberra obsessed over strawberries and bullies, the Reserve Bank was flagging its concerns about the economy. This year, the list of negatives has narrowed.

Australia needs to prepare for the trade war or end up a casualty

Whatever the outcome of the building trade war between the US and China, Australia's economy will be affected dramatically — for better or worse.

Does anyone understand Labor's trade policy?

Labor is waving through legislation that goes against its own policy, and is simultaneously worried about rising trade barriers but also wants to raise our own. Go figure.