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What’s different about technology monopolies?
Richard Holden | October 26, 2020Google mops up around 92% of search-engine traffic and uses that data to target adverts at consumers. However, just because a tech company has a big share of the market doesn’t mean it has the power to keep it.
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Manufacturing a recovery
Richard Holden | October 19, 2020The pandemic has shown the need for Australia to revive its domestic manufacturing sector to reduce reliance on foreign supply chains, but a push for strategic manufacturing should build on existing comparative advantage.
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Do the tax cuts make sense?
Richard Holden | October 8, 2020The government has brought forward its planned tax cuts, and while some say we shouldn’t be cutting taxes during a recession, the plan has its merits if the economy is to recover from the COVID lockdowns.
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The government, rather than Google, could subsidise good journalism
Richard Holden | September 27, 2020Google and Facebook could soon be forced to pay local commercial media organisations for sharing their content on digital platforms. Making these massive digital platforms pay Australian news publishers might be good politics, but it is odd economics.
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Batch testing and contact tracing can stop the lockdown yo-yo
Richard Holden | September 13, 2020Yo-yoing lockdowns are costly and to be avoided if at all possible. Here is what we can do to dramatically improve testing and tracing.
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Surviving the self-inflicted recession
Richard Holden | September 6, 2020Governments around the world have voluntarily shut down their economies for the first time in history. How will Australia escape this unprecedented situation to restart its economy?
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AMP proves the power of shareholder activism
Richard Holden | August 31, 2020Boe Pahari’s short reign as boss of AMP’s lucrative investment management division and the resignations this week of AMP chairman David Murray and board member John Fraser have shown the power of major shareholders in public companies.
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How COVID-19 changed the way we work
Richard Holden | August 8, 2020Employers have long feared that working from home makes employees less productive. An analysis of 3 million workers in 16 cities during lockdowns suggests the opposite.
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The COVID crisis in aged care shows elimination is the only strategy
Richard Holden | July 31, 2020The evidence is in and the answer is clear. We must try and eliminate COVID-19 for the health and economic benefit of Australians of all ages.
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Victoria’s privatised quarantine arrangements were destined to fail
Richard Holden | July 27, 2020Victoria’s second wave of COVID-19 cases can be traced back to poor security at quarantine hotels. Economics tells us that governments privatising services where quality counts is a bad idea.
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Stamping out stamp duty
Richard Holden | July 5, 2020It’s time to reform stamp duty, one of the most inefficient and distorting taxes collected by Australia’s state and territory governments.
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Politics means never having to say you’re sorry
Richard Holden | June 30, 2020We judge the competency of politicians by what they say and do, and this creates perverse incentives for even competent politicians to refuse to admit mistakes.