Paul Fletcher MP

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JUST about any company in Silicon Valley will dazzle you with stories of the change they have created.

LAST week NBN Co released its strategic review -- and some commentators expressed surprise that the company's recommended option (the "optimised multi-technology mix") would cost $41 billion.

Thursday, 08 August 2013 00:00

The Australian: Rudd in Reverse on Productivity

IN his National Press Club speech last month, Kevin Rudd told Australians that when he became Prime Minister in 2007, he aimed to "lift our national productivity" -- and he has never changed his view.

HOW did China so rapidly become Australia's No 1 export destination, purchasing $77 billion worth of iron ore, coal and other products in 2011-12?

Even a short visit to China offers some insights into its economic transformation -- which has seen Chinese steel production jump from 80 million tonnes in 2001 to 750 million tonnes today, in turn driving demand for Australian resources.

WHAT would it mean if the Australian government abandoned economic growth as a public policy objective?

This is what the Australian Greens party wants. Its updated policy platform, adopted last November, says "pursuit of continuous material-based economic growth is incompatible with the planet's finite resources". It calls for growth in production and consumption to be deprioritised as a goal of economic policy.

Wednesday, 08 May 2013 00:00

AFR: Red face, not red underpants

The just completed auction of radiofrequency spectrum for wireless broadband services has produced, by any measure, a disappointing result. It raised much less than $2 billion - after Communications Minister Stephen Conroy took the unusual step last year of directly intervening to set an extraordinarily high reserve price equating to nearly $3 billion. Conroy said the asset was the "waterfront property" of spectrum.

NBN Co budgeted $11.3 billion to build the network past 10.2 million existing (or ‘brownfields’) premises by 2021: that’s a cost per premises of $1100. The Coalition has been pressing NBN Co for some time to reveal its actual cost per premises on the parts of the network built to date.

Most commentary on the Coalition’s recently released broadband policy, inevitably, has concentrated on download speeds and capital cost.

But just as important are the measures in the policy to stimulate competition in the Australian broadband market. 

WE hear a lot from the Gillard government about manufacturing, with summits, and policy statements and taskforces.

Manufacturing is of course vitally important, but it is odd that we hear much less about services, even though it is a substantially bigger sector. In 2010-11 services constituted $923 billion, or 77.6 per cent of industry output (compared with mining at 10.3 per cent and manufacturing at 9.1 per cent).

Wednesday, 03 April 2013 00:00

Australian Financial Review: Leave Super Alone

According to the most recent rhetoric from the Gillard government and its advisers, the superannuation system is a tax rort for the wealthy – indeed senior Minister Craig Emerson says the “fabulously wealthy”.

Treasury Secretary Martin Parkinson has complained that the superannuation system – particularly measures to encourage voluntary savings – “come at a …very significant cost”, with Treasury estimating the concessions are worth more than $30 billion a year.

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Authorised by Paul Fletcher MP, Level 2, 280 Pacific Highway Lindfield NSW 2070.

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