AQ: Australian Quarterly 95.3 – July-Sept 2024

AQ 95.3 - New July-Sept 2024 Edition - Out July 1st

Once again, we have an edition bursting with ideas – from an Australian scientific discovery that could save millions of lives around the world, to comprehensively rethinking our tax and energy systems.

It is hardly surprising that over the last 40+ years governments have favoured neo-liberal ideology, as it makes their life simple – privatisation of government assets, deregulation to remove government oversight, absolving responsibility for collective decision-making to ‘the market’.

What would once have been seen as cardinal capitalist sins – such as re-nationalising essential infrastructure, capping corporate profits, and pre-emptively regulating destabilising technologies such as AI – are all mainstream conversations now.

Many of the issues in this edition deal with situations where our social or political systems are attempting to play catch up on issues where technology and the market have raced away unchecked.

All this and more in the new edition of AQ!

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When is Enough, Enough? Squirrel Wheel Economics and the need for Countervailing Power

Despite decades of efforts to reduce humanity’s material footprint, we are using the planet’s natural resources at an accelerating rate. Capitalism and the metrics by which we measure ‘growth’ demand an ever-increasing consumption, directly at odds with our own planetary survival. We refuse to entertain the idea that we are on a squirrel wheel of consumption that we can’t get off. Can we reimagine ‘growth’ and find a way to have a society-wide discussion on ‘When is enough, enough?’

Vishnu Prahalad

Combatting Sepsis, the Biggest Killer in Intensive Care Units

Every year, 50 million people are affected by sepsis – 1 in 5 won’t survive. With an ageing population and increasing prevalence of antibiotic resistance, the incidence of sepsis continues to rise – with much of the burden falling of low- and middle-income countries. Yet a new Australian treatment might be able to treat the worst outcomes of the disease, potentially saving huge amounts of lives, and quality of life, for those affected. Against one of the world’s biggest killers, we have a real opportunity to make an impact.

Yugeesh Lankadeva, Haydn Wright and Mark Plummer 

Read-Write-Own-Tax

The nature of the internet is changing. We have seen web technology shift from its beginning of ‘read’ only (web1), to ‘read-write’ (web2). With the development of blockchain technology, this has further transitioned the internet to web3 – “read-write-own”. The new cryptoeconomy is enabling new types of property rights and ownership – but what about the challenges for Australia’s tax system? Not only do we need to consider what we tax in a digital economy, but how we tax while ensuring taxpayers rights, equity, and fairness in an era of Read-Write-Own-Tax.

Elizabeth Morton 

Beyond the Battlefield: Rethinking the Balance of Power in the 21st Century

For thousands of years, military capability has been equated with the power of a country amongst its neighbours. As a result, nations have dedicated substantial budgets to their military and defence industries. Yet the rise of digital technologies and Artificial Intelligence (AI), has begun to challenge this definition of power. Threats to a nation’s stability can no longer be held off by military power alone – they are digital, informational, social. Yet our defence spending hardly reflects this changing threat landscape.

Giorgia Franciamore

Watt Equity? Australians Deserve a Basic Energy Right - Read it for free

Within the energy industry there is a popular, feel-good refrain that the energy transition will deliver a system that is ‘democratised’, in addition to being ‘decarbonised’, ‘digitised’, and ‘decentralised’. Here democratised is used as an umbrella term for a broad suite of desirable values: fair, just, equitable. Yet the way in which democratisation is envisioned to occur is, in contrast, blinkered – households are seen to gain political power as a consequence of their generating and controlling electrical power from rooftop solar, batteries, and electric vehicles – but what about those without?

Bjorn Sturmberg 

Read Bjorn's article now for free!

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