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Economy

Costello's Future Fund underwhelms as his regulatory framework collapses

This is the house of financial regulation that Peter built, and it's collapsing at the royal commission he said wasn't needed.

Neoliberalism and productivity in an age of populism

Is the Productivity Commission part of a "neoliberal agenda"? And is that a bad thing? It depends on how rigorous you're prepared to be.

Early unforced error on financial services sets alarms ringing

Is the Morrison government serious about addressing financial services regulation? We don't even know who's responsible for it in the new ministry.

What drought? The relief fund that's overflowing with farmers' cash

While NSW and Queensland are apparently gripped by drought, farmers are pouring billions into a taxpayer-funded drought resilience scheme.

Image credit: Jimi Filipovski/Unsplash

Who is Australia’s worst post-war treasurer?

Hint: he could be our next prime minister.

The death of Homo Economicus: how neoliberalism fuelled the rise of identity politics

If "neoliberal identity is predicated on financial success", what happens when that success vanishes? In its dismissal of non-economic forms of identity, neoliberalism has ultimately ended up fuelling them.

Company tax cuts dumped in afternoon of backflips

The Turnbull government has abandoned its signature company tax cut policy.

Image credit: Lukas Coch/AAP

Turnbull, the Last of the Neoliberals, leads – for now – a deeply confused party

The Liberal Party is now entirely unmoored from economic ideology, swamped by the electoral reaction to neoliberalism and its own internal contradictions.

In the death of neoliberalism, business has blood on its hands too

As the Liberal Party embraces interventionism, business would do well to wonder what role it played in the shift from market economics.

Photo: Mick Tsikas/AAP.

In appeasing the right, Turnbull veers hard left

Malcolm Turnbull has embraced a hardline interventionist policy in the energy sector — one that would have had critics howling about socialism if Labor had done the same.