The recent debate about the Resources Super Profits Tax revives an old argument about whether or not capitalists have a veto power over governments due to the alleged linkage between business investment, economic activity and the likelihood of re-election. Critics of capitalism once favoured this argument (and conservatives opposed it) but now with the demise […]
A Labor government that replaced a controversial and polarising conservative administration loses ground at its first election to the surprise of observers who expected an easy victory and Labor loses votes to its left from voters disillusioned with its record in government. It happened in 1984 will it happen again?
Much excitement about the Rudd government’s proposed resources super profits tax. Interpretations of Australian political behaviour once largely focused on class and religion and more recently on culture but economic ‘sectionalism’ deserves more attention.