Economics Professor, Ross Garnaut, says that lack of competition in Australia's economy is contributing significantly to inflation through excessive profits. The Reserve Bank's rate hikes are also contributing to inflation.
#EconomicsAU

https://www.abc.net.au/news/2023-05-05/ross-garnaut-rate-hikes-feed-inflation-urges-policy-overhaul/102302152

RT @grogsgamut (from his Twitter)

> My column today on the inequality of wealth - and yep it has a lot to do with housing (and some not great graphs for anyone born after 1980)

> Young Australians never stood a chance. For decades the controls have been set to favour older generations

https://www.theguardian.com/business/grogonomics/2023/apr/13/young-australians-never-stood-a-chance-for-decades-the-controls-have-been-set-to-favour-older-generations

#theguardian #inequality #millenials #australia #auspol #economics #EconomicsAU

Hear Australia as a “middle power”? Think “subimperial power”.
Hear “rules-based international order”? Think “US-led imperial order”.

In “Subimperial Power: Australia in the International Arena”, author Clinton Fernandes argues simply, concisely and convincingly this view of Australia’s place in the world.

Includes: history, British empire, free trade, resource export economy, military involvements, AUKUS, China, submarines.
#AUKUS #ForeignAffairsAU #HistoryAU #EconomicsAU #auspol

In libraries. https://trove.nla.gov.au/work/251585513

Just finished reading. Thanks @luciedigitalni for recommending this book.