Socialism After Capitalism
— Publication: Perspectives Journal —Listen to the full conversation on the Perspectives Journal podcast, available to subscribe on Spotify, Apple Podcasts, Google Podcasts, Amazon Music, and all other major podcast platforms.
Restoring Affordability from the Bottom Up
— Organisation: The Claremont Institute —As the Trump Administration and congressional Republicans work to lower Americans’ cost of living this year, they should be guided by a simple principle: all affordability is local.
Democrats and too many establishment Republicans still think they create jobs, economic growth, and opportunity. Whenever high prices pinch consumers, lawmakers huddle up with K Street lobbyists to see what Big Business, Big Tech, and Big Banks want…and give it to them. Yet they scratch their heads as corporate profits surge while working families’ monthly bills only climb higher.
We’ve seen this pattern again and again. Obamacare. Federal student loans. Subsidized mortgages. The Build Back Better inflation bomb. These policies doled out billions to insiders and middlemen but left everyday Americans holding the bag.
Roots and Fables
— Organisation: The Claremont Institute —In a 2024 man-on-the-street-style video, two producers asked people from all over the country why they loved America. Most of the answers they received were laughable: interviewees claimed to love this country for reasons that had nothing to do with America itself, such as cultural diversity, the freedom to critique its past and present, or the ability to be whatever or whoever one chooses. In other words, Americans could find nothing positive to praise about their own country.
This grim video speaks not only to our confused cultural priorities but also to many Americans’ general ignorance, the latter in many ways being the source of the former. Life mimics art, or so the ancient philosophers of Western civilization believed: man imitates what he contemplates, often without willing it.
The solution to the problem of ignorance is not only to cut out bad teaching, but also to replace it with good. “Culture”—literally “to tend” in the agricultural sense—requires something to be cultivated: a positive tradition, typically of stories, poetry, and images. As we celebrate the 250th anniversary of the American Founding, it is an excellent time to reflect on the character of an American culture that can sustain free government.
There’s nothing more fair dinkum than getting a fair return for Australia’s gas
— Organisation: The Australia Institute —Prime Minister Anthony Albanese has called on The Australia Institute to be “fair dinkum” about its calls for a 25% gas tax.
Today, The Australia Institute has taken out full-page advertisements in newspapers around the country to remind the Prime Minister that there’s nothing more fair dinkum than getting a fair price for Australian gas to pay for essential services like hospitals, schools, public housing and supporting Australians living with disabilities.
The advertisements remind readers that Australian nurses pay more tax than the gas industry pays.
They also remind Australians that a flat 25% gas export tax would raise more than $17 billion a year for a budget which is forecast to remain in deficit every year to 2029-30.
“I can assure the Prime Minister that The Australia Institute is fair dinkum in our calls for Australians to get a fair return for our gas,” said Dr Richard Denniss, co-CEO of The Australia Institute.
“Mr Albanese’s government chooses to give gas away for free to the gas export companies, gas that could be taxed and raise more than $17 billion per year.“
The Prime Minister is trying to downplay the importance of a gas export tax by calling it a ‘social media campaign’.
Fair dinkum! The Prime Minister called us out over a gas tax
— Organisation: The Australia Institute —On this episode of Dollars & Sense, Greg and Angus discuss why Prime Minister Anthony Albanese said the Australia Institute needs to get “fair dinkum” about gas exports, the post-budget meme-wars over capital gains tax, and the “death tax” scare campaign.
This discussion was recorded on Thursday 21 May 2026.
Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.
Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut
Host: Angus Blackman, Executive Producer, Podcasts, the Australia Institute // @AngusRB
Show notes:
Death, taxes and scare campaigns: here’s the truth about Labor’s budget changes by Greg Jericho, Guardian Australia (May 2026)
Keating backs CGT reforms, says Howard changes made house prices “blast off” by Greg Jericho, The Point (May 2026)
A Discussion on the New Novel 'Palaces of the Crow' (w/ Ray Nayler) | The Chris Hedges Report
— —This interview is also available on podcast platforms and Rumble.
“We tell the stories that perpetuate the narrative or the myth we want, and we erase the others,” Chris Hedges states in this interview with Ray Nayler about his new book, “Palaces of the Crow,” which centers around four teenagers from varying backgrounds who struggle to survive during World War II. The war, Nayler says, fundamentally reshaped the world geopolitically, technologically and socially in ways that have profoundly impacted the environment in which we live today. Critical lessons from that moment in time are being lost, with media and governments covering up the deep and long-lasting wounds inflicted upon tens of millions of people. Nayler says that “We can’t move away from that time period before understanding it.”
AnnouncementWebinar “Is there a way out of an economy built on debt?” with Michael Kumhof (May 28)
— Organisation: Just Money — Thurs May 28 at 12:30-2pm ET
More “Announcement
Webinar “Is there a way out of an economy built on debt?” with Michael Kumhof (May 28)”
AI’s Macroeconomic Challenges and Promises
— Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics —
In the third quarter of 2025, America’s largest tech firms for the first time spent more on capital investment than they earned from operations. The implication is that AI, a technology with the potential to make the economy more productive, is, for now, absorbing resources faster than it is generating returns. This post discusses how the tension between AI’s long-run promise and its short-run costs affects the outlooks for inflation, real activity, and financial stability.
The American Mind Podcast: The Roundtable Episode 318
— Organisation: The Claremont Institute —The American Mind’s ‘Editorial Roundtable’ podcast is a weekly conversation with Ryan Williams, Spencer Klavan, and Mike Sabo devoted to uncovering the ideas and principles that drive American political life. Stream here or download from your favorite podcast host.
America 250: Go Big Or Go Home | The Roundtable Ep. 318
SA fracking ban backflip “senseless and unnecessary”
— Organisation: The Australia Institute —The Australia Institute has taken out a full-page advertisement in today’s Adelaide Advertiser to remind South Australians that Premier Peter Malinauskas’ decision to overturn the state’s ban on gas fracking is not only irresponsible, but also unnecessary.
Co-CEO of The Australia Institute, Dr Richard Denniss, said everyone from former Federal Opposition Leader Peter Dutton to current One Nation MPs in South Australia understand there is no need to extract more gas from South Australia.
“Australia has never had a gas shortage. What we have is a gas export problem,” Dr Denniss said.
“In the past five years, our governments have allowed foreign gas exporters to export enough gas to supply Australia for more than 20 years.
“Just last week the federal government introduced a policy to ensure more Australian gas was kept in Australia.
“A 25% gas export tax would be even more effective in helping Australians. An export tax would see more gas diverted to domestic markets, end the fake shortages, and push gas prices down for Australian households and businesses.
“Not only that. A gas export tax would raise $17 billion a year which could be used to fund essential services for South Australians like aged care, health, housing, and better support for people living with a disability.
“To suddenly reopen South Australia to destructive fracking makes no sense.
The Declaration’s God
— Organisation: The Claremont Institute —As we approach the 250th anniversary of the American Founding, it’s important to point out that the Declaration of Independence does not begin with politics. Before it speaks of rights, consent, or government, it makes a claim about the structure of reality itself. The rights it asserts are not the product of historical circumstance or collective will. They are grounded in a prior truth: that human beings are created by God.
The Declaration’s appeal to “the Laws of Nature and of Nature’s God” is not ornamental or rhetorical—it is the foundation on which its entire argument rests. The founders believed they were obligated to explain to mankind the reasons for their separation, and those reasons started with God and his law.
With this foundation, we can then proceed to the Declaration’s most famous sentence—“We hold these truths to be self-evident, that all men are created equal.” Though it is often treated as a moral flourish or a proto-democratic slogan, it is in fact a tightly ordered philosophical claim that proceeds in three stages, each dependent on the one before it.
Social Democrats of the North: Moses Coady, Antigonish Awakening
— Publication: Perspectives Journal —Listen to the full conversation on the Perspectives Journal podcast, available to subscribe on Spotify, Apple Podcasts, YouTube, Amazon Music, and all other major podcast platforms.
Moses Coady was a Catholic priest, a scholar at St. Francis Xavier University and, most importantly, he was an organizer who was best known for leading the Antigonish Movement: a co-operative movement focused on adult education, microfinance, and rural development.
Victoria’s donations shambles puts rest of country “on notice”
— Organisation: The Australia Institute —On this episode of Follow the Money, Bill Browne joins Ebony Bennett to discuss why the High Court voided Victoria’s undemocratic political donations laws. They examine what this could mean for other jurisdictions and why a principled, transparent approach to political donations reform is needed – not legislation that skews the system in favour of major parties.
This episode was recorded on Tuesday 19 May.
Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.
Guest: Bill Browne, Director, Democracy & Accountability, the Australia Institute // @browne90
Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett
Show notes:
Victoria’s donation restrictions are unconstitutional – what happens now? by Bill Browne, The Point (April 2026)
Why Canada Should Rebuild Public Telecoms
— Publication: Perspectives Journal —Throughout the 20th century, Canada built a world-leading telecommunications system through a productive balance of private and public carriers. But within a generation, conservative governments at all levels across the country privatized almost all of the public side of that balance. Today, NDP Leader Avi Lewis’ “public option” platform is recontesting the question that Prairie telecom pioneers first fought for 120 years ago. Furthermore, Canada has fallen behind countries around the world in building out fibre telecom infrastructure for faster internet speeds. Many of these countries have maintained public ownership in their markets while Canada’s public telecom shrinks. However, SaskTel, one of the last holdouts of public telecom in Canada, outperforms the national average on fibre deployment. This article makes the case that to continue to invest in the 21st century economy, Canada has to rebuild public ownership of telecoms.
Making AI Data Centers Work for America
— Organisation: The Claremont Institute —Though hype and doomerism tend to suck up a lot of oxygen in the AI discussion, it will probably be more productive for Americans to focus on the concrete goals desired by leaders in the industry. Then we may ask whether and how a majority of citizens might be convinced those goals are worthy of the effort required to attain them. I propose we focus first on the question of “compute”—how much computing power is required to operate cutting-edge AI at scale, and what kind of data centers are required to provide it.
There are some in the AI industry—developers, advocates, and the “hyperscalers” who want to build super-massive data centers—who do what they do out of an obsessively spiritual devotion to what they’re building. But a great deal of the business is run by successful Americans in the industry who mostly just really enjoy doing what they do best, which is building new things using state-of-the-art tools. This may not be obvious to the cross-partisan group of citizens who range from skeptical to hostile toward AI, who tend to think of all tech enthusiasts as wide-eyed, quasi-religious fanatics dreaming of a robot apocalypse or singularity. So for skeptics, an important reality check is realizing that many—probably the majority—of AI’s day-to-day builders have more practical and cosmically modest aims.
Can’t tax illegal tobacco, won’t tax gas industry – new budget analysis
— Organisation: The Australia Institute —While many Australians are already aware that multinational gas exporters pay less in PRRT than is raised by beer excise or student loan repayments, last week’s budget also revealed that the government collects significantly more from smokers of legal cigarettes, spirits drinkers and visa applicants.
The PRRT is supposed to ensure Australians get a fair return for the sale of our nation’s natural gas resources.
Next financial year the government expects to collect $6.2 billion from visa applicants, $3.6 billion from smokers, $3.3 billion from spirits drinkers, $2.8 billion from beer drinkers … and just $1.9 billion from the PRRT.
“Once again, the evidence that Australians are being taken for a ride by the gas industry is on full display in the budget papers,” said Dr Richard Denniss, co-CEO of The Australia Institute.
“It’s time the Prime Minister was fair dinkum with Australians.
“Last week Anthony Albanese said that the PRRT revenue was ‘ramping up’, but the budget papers reveal that simply isn’t true. The Prime Minister’s own numbers show that revenue from the PRRT is expected to fall from $1.9 billion next year to $1.3 billion by the end of the decade.
$11 billion hidden housing “giveaway” to wealthy landowners each year
— Organisation: Prosper Australia —The Global Credit Cycle in Corporate Bond Returns
— Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics —Knox County Schools Just Banned One of Our State Books
— —Call for Submissions: Progress Magazine
— Organisation: Prosper Australia —Issue Theme: Future technology, land economics, and economic rents Progress magazine invites submissions for our upcoming issue exploring the intersection of emerging technologies, economic rent, and contemporary Georgist thought. As artificial intelligence, datacenters, and digital platforms reshape our economy, we seek rigorous analysis of how classical insights on land and monopoly apply to 21st-century challenges. […]
The post Call for Submissions: Progress Magazine first appeared on Prosper Australia.Submission to the Select Committee on Intergenerational Housing Inequity
— Organisation: Prosper Australia —Executive summary Australia’s housing system is producing a widening intergenerational divide. The divide is not merely between older owners and younger non-owners. It is between those who hold scarce, well-located land and those who must now buy, rent or wait in a market where the price of access has detached from wages. Home ownership among […]
The post Submission to the Select Committee on Intergenerational Housing Inequity first appeared on Prosper Australia.Shifts in Australian Price-setting Behaviour around Large Shocks
— Organisation: Reserve Bank of Australia (RBA) —Justice Thomas: Courage in Defense of Natural Law Constitutionalism
— Organisation: The Claremont Institute —Justice Clarence Thomas’s recent speech at the University of Texas was vintage Thomas: deeply reflective, historically grounded, and unapologetically devoted to first principles. At a moment when many public officials seek safety in ambiguity, Thomas instead offered moral clarity. He spoke not merely as a jurist, but as a statesman concerned with the long-term health of the American republic. In doing so, he echoed themes long championed by scholars associated with the Claremont Institute: the primacy of natural rights, the centrality of the Declaration of Independence, and the necessity of civic courage in preserving constitutional government.
Thomas’s remarks were particularly striking because they resisted the fashionable reduction of constitutional interpretation to technocratic expertise or evolving social consensus. Instead, he returned repeatedly to the enduring truths that undergird the American experiment. The Constitution, in Thomas’s telling, is not simply a procedural document or a malleable framework for administrative governance. It is the institutional embodiment of a moral and political philosophy rooted in the self-evident truths proclaimed in 1776.
Inflation and the Impact of the Middle East Conflict
— Organisation: Reserve Bank of Australia (RBA) —Trump’s China trip light on substance as his approval rating continues to tank
— Organisation: The Australia Institute —On this episode of After America, Dr Emma Shortis and Angus Blackman discuss the fallout from Donald Trump’s China visit, how Xi Jinping got the commentariat talking about long-dead Greeks, and why Trump’s approval rating is still hitting new depths.
This episode was recorded on Monday 18 May.
The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.
Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis
Host: Angus Blackman, Executive Producer, the Australia Institute // @angusrb
Show notes:
Shorter America: He started it; Won’t someone think of the billionaires; Creeps and weirdos by Emma Shortis, The Point (May 2026)
Honey, Who Shrunk the U.S. Income Surplus?
— Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics —What’s On May 18-24 2026
— Organisation: Free Palestine Melbourne —River to the Sea Fashion Fun Run
— Organisation: Free Palestine Melbourne —The Return of Hard Power Politics
— Organisation: The Claremont Institute —The Right won the 2024 election by successfully assembling a coalition capable of competing nationally. Whether it can consolidate that power into a lasting majority is far less certain.
The coalition that returned Trump to the White House is beginning to fracture. While support for the agenda the president ran on remains strong, confidence that it will be secured is fading. And that perception, whether justified or not, is lethal.
Voters in this coalition did not turn out for incremental change, executive orders, temporary regulatory reform, or procedural wins. They voted for a decisive shift in national direction—mass deportations, accountability for corruption, a more affordable daily life, an end to foreign entanglements, and political power given back to the American people.
A coalition built on expectations like these cannot sustain itself absent visible exercises of power. If it does not see power used to benefit the common good, it will break apart, first into frustrated factions, then into disengaged actors, and eventually into opposition.
Film Screening: Tantura
— Organisation: Free Palestine Melbourne —RBA and DFCRC Release Findings From Project Acacia
— Organisation: Reserve Bank of Australia (RBA) —The Rise and Fall of the Second Reconstruction, 1964/65 – 2025/26
— —Shaping Canada’s Economic Future with Barry Sawyer, Bea Bruske, and Magali Picard
— Publication: Perspectives Journal —Listen to the full conversation on the Perspectives Journal podcast, available to subscribe on Spotify, Apple Podcasts, YouTube, Amazon Music, and all other major podcast platforms.
At the 2026 Progress Summit: Defending Democracy Across Borders, Canada’s labour leaders discussed what labour is fighting for: a different economic and trade future that puts workers at the centre.
Ghost GDP — Billionaire Britain and the Hollow Economy
— Organisation: The Equality Trust —The Equality Trust has calculated that in 2026 Britain’s 157 billionaires hold wealth equivalent to 22% of GDP – a staggering increase from just 4% in 1990. Every year the Sunday Times publishes its Rich List, celebrating the obscene wealth of a growing billionaire class. Every year politicians point to GDP growth as proof the […]
The post Ghost GDP — Billionaire Britain and the Hollow Economy appeared first on Equality Trust.
What the Hyper Creedalists Get Wrong About America
— Organisation: The Claremont Institute —Another week, another round of discourse on the idea that America is merely a “creedal” or propositional nation.
One of the thorny consequences of having a creed, of course, is the unavoidable conclusion that one must draw about those who refuse it: they are outside the body that holds the creed. If Justice Neil Gorsuch (following Vivek Ramaswamy and the Cato Institute a few months back) is correct that America is purely a creedal nation, doesn’t it necessarily follow that those in our midst who reject the creed are not Americans? Is Senator Tim Kaine not an American because he dissents from the doctrine of natural rights?
But merely professing a creed does not equate to being a member of a community. In Catholicism, adult converts (and godparents on behalf of baptized infants) recite the Nicene Creed as part of the sacramental liturgy of baptism. However, adult converts to the faith are also instructed in the Christian moral life—which concerns not just what one thinks about revealed truths, but also how one is to act as a member of Christ’s body.
A moment to celebrate | Between the Lines
— Organisation: The Australia Institute —The Wrap with Greg Jericho
It is easy for progressives to find things to complain about. It’s not because we are miserable, but unfortunately, we are too aware of the realities of life for many who never get a voice, aware of the crisis of climate change, and aware of the inequalities in the system that prevent a better society.
So, when a government does a good thing, we should take a moment to celebrate – especially when it means a long and hard-fought fight has been won.
The Australia Institute first attacked the possibility of a capital gains tax discount back in August 1999 – a month before the Howard government made the change.
The topic has never been far from our minds.
Trump’s Iranian Nightmare
— —Do Job Postings Show Early Labor‑Market Effects of AI?
— Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics —The Moral and Political Wisdom of C.S. Lewis
— Organisation: The Claremont Institute —The great Christian apologist and literary critic C.S. Lewis provides a surprising amount of moral and political wisdom despite not being a political thinker in any formal sense of the term. For example, the three lectures that form The Abolition of Man remain a must-read for understanding the crisis of our time, as well as the path to recovering the wisdom that will allow us to overcome it.
Without relying on divine revelation or biblical faith per se, Lewis takes aim at what he elsewhere calls “the poison of subjectivism,” and also makes a compelling defense of the existence of a moral consensus among mankind that transcends cultures, polities, and historical epochs. In the book’s final section, he provides a searing analysis of the profound tendency of the modern project “to conquer nature for the relief of man’s estate,” which leads to the temptation to conquer human nature in the name of illusory “progress”—that is, to abolish human beings once and for all.
Federal Student Loan Defaults Return After Pandemic Pause
— Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics —Bâtir l’avenir économique du Canada avec Barry Sawyer, Bea Bruske, et Magali Picard
— Publication: Perspectives Journal —Écoutez la discussion complète sur le balado Perspectives Journal, offert sur Spotify, Apple Podcasts, YouTube, Amazon Music et toutes les principales plateformes de balados.
Alors que les politiques commerciales et économiques de l’ère Trump transforment les décisions concernant l’emploi, l’industrie et les investissements, les travailleurs et travailleuses et leurs communautés au Canada en ressentent déjà les effets. Du secteur manufacturier aux services publics, en passant par l’inflation liés aux guerres, des choix économiques sont faits qui redéfiniront l’avenir du travail des deux côtés de la frontière — souvent sans que les travailleurs et travailleuses aient voix au chapitre.
Budget 2026: Housing changes to slowly reverse decades of damage
— Organisation: The Australia Institute —On this episode of Dollars & Sense, Greg and Elinor discuss the federal budget, the latest wages data, and why the government is making Australian workers wait-o for the WATO.
This discussion was recorded on Thursday 14 May 2026.
Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.
Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek
Show notes:
Australian workers have been hard done by and tax reforms in the budget only begin to return some fairness by Greg Jericho, Guardian Australia (May 2026)
A plan to fix the National Electricity Market
— Organisation: The Australia Institute —The original design of the NEM assumed that private markets and price signals could not only guide investment in generation, networks and retail, but also accommodate changing environmental requirements.
Experience has shown that this is not the case. The NEM now operates as a hybrid in which reliability and investment are secured through administrative intervention and long-term contracting, while emissions reductions are driven by a set of overlapping federal and state policy instruments.
The analysis makes several recommendations to fix the NEM:
- Split the Australian Energy Market Operator into two bodies, a rule-bound market operator and a national grid authority with responsibility for reliability, transmission integration, long-term contracting and emissions integration.
- Consolidate transmission under public ownership within the grid authority.
- Operate generation under a mixed public–private model.
- Reforming distribution, while keeping public ownership available as a long-term option.
- Retaining retail competition, but default pricing should be treated as a public obligation linked to system costs.
“Australia’s transition to a low-emissions electricity system has exposed the structural weaknesses of the National Electricity Market.” said Professor John Quiggin, Professor of Economics at The University of Queensland and author of the report.
“After decades of patchwork reform, the elegant design of the original NEM is almost invisible under all those tweaks.
The History of National Resistance Movements in Palestine (w/ Ramzy Baroud) | The Chris Hedges Report
— —This interview is also available on podcast platforms and Rumble.
Dr. Ramzy Baroud, a Palestinian historian and author, in his new book, “Before the Flood: A Gaza Family Memoir Across Three Generations of Colonial Invasion, Occupation, and War in Palestine,” traces the long arc of Palestinian resistance to the Zionist settler-colonial state leading to its current form in Hamas. It is resistance, defined by Palestinians themselves, as Dr. Baroud explains, that is the “sole leverage” of the Palestinian people in their struggle for existence, which began before the Nakba of 1948.
Labour’s Disastrous Night
— Organisation: The Claremont Institute —The British political landscape has undergone a seismic shift following the May local elections. A map once dominated by the Labour Party’s familiar red has been dramatically redrawn, signaling widespread rejection of the political establishment across the U.K. This was not just a protest vote—it pointed to a complete collapse of the party in areas that were once considered its safest and most reliable strongholds.
Labour lost control of over 30 councils, watching its majorities disappear in traditional heartlands like Gateshead, Sunderland, and South Tyneside—areas where the party had held power for nearly half a century. Across the capital, Labour’s solid red blanket has been replaced by a multicolored patchwork of parties. The party lost 11 boroughs, including flagship councils like Westminster and Wandsworth, which were seen as key pillars of its 2022 resurgence. In East London, Havering saw a historic shift: once dominated by resident-led groups, Labour was swept out by an insurgent force: Nigel Farage’s Reform UK.

