Australia's Economy: Keating's Harsh Words Resurface
Learn why Paul Keating warned Australia about the economy in 1986 and how it relates to the current financial challenges facing the country today.
#australiaeconomy, #paulkeating, #economicreform, #australianhistory, #jimchalmers
https://newsletter.tf/paul-keating-1986-banana-republic-warning/
On May 14, 1986, Paul Keating said Australia risked becoming a 'banana republic' due to debt. This warning is being discussed again in 2026 as leaders look for ways to fix the current economy.
#australiaeconomy, #paulkeating, #economicreform, #australianhistory, #jimchalmers
https://newsletter.tf/paul-keating-1986-banana-republic-warning/
The original superannuation plan from Paul Keating was meant to provide a secure retirement savings system for working Australians — not become a loophole for inter-generational wealth passing tax-free. But over time the scheme has been hijacked: generous tax breaks and inheritance rules mean many wealthy people end up passing on super to their children with minimal tax.
Now foreign leaders like Donald Trump are praising Australia’s super system as “a good plan” — but they seem to be admiring something that departed long ago from Keating’s original vision.
If super is meant to provide a fair pension safety net, it shouldn’t end up reinforcing inequality by turning into a wealth-transfer machine for the rich.
Agreed — Chalmers feels like the only one with a hint of reformist ambition left in Labor. He studied Keating closely, and maybe, just maybe, he’ll prove to be the next Keating — our last real hope for a bolder Australia.
On 15 March 2023, former Prime Minister Paul Keating took on Australia’s most powerful journalists over the AUKUS nuclear submarine deal — and won.
They came armed with a pro-American agenda, ready to silence the one senior statesman willing to question it. Instead, Keating dismantled their arguments with facts, wit and precision.
This wasn’t just a press conference. It was a brutal exposé of how far sections of Australia’s media have drifted from serving the public to serving foreign interests.
#australia #usa #china #british #geopolitics #mediabias #uschinarelations #aukus #foreignpolicy #paulkeating #auspol
When Mr. Keating forgets to pay his tax somehow it’s fine.
ALP fans never shut up about the great Keating but somehow forget his privatisation gave us our most monstrous bank (known for charging the dead).
#PaulKeating says the #AUKUS review by the #US “might very well be the moment Washington saves #Australia from itself.”
In a strongly worded statement, Keating says the review should save Australia “from the most poorly conceived defence procurement program ever adopted by an Australian government”.
#auspol #USPol #outdatedSubs we’ll never see or need.
@fullfathomfive
Hey #PaulKeating, I've been harsh on your #NeoLiberalism, suits and French clock-collecting.
But am impressed by your thoughts around who should get an OA (or CA).
There is a petition which would impose a non-CA status on a certain #ScottMorrison, former PM.
https://www.change.org/p/stop-scott-morrison-s-order-of-australia
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