Miscellaneous
Australia is significantly more aflame than usual. Our politics is B R O K E – but don't worry, the media have some reheated takes from 2010 they can serve you up about the need to bring the country together. Josh Frydenberg delivered a major speech on the 'productivity crisis', the 3243rd such speech given by Australian Treasurers since Paul Keating introduced us to the concept sometime in the 80's. Ben does a deep dive on the history of the 'productivity crisis' that seems to have no beginning and no end. We also went through the ALP Campaign Review so you don't have to. In short, it's a thinly sourced pile of garbage that seems to only serve the purpose of giving the ALP an excuse to pivot to the centre (read: right). We end with an amazing story from one of our listeners that honestly could not be more more All Against All. It combines all of our favourite Australian political themes. Facebook: https://www.facebook.com/AllAgainstAllPod Twitter: @allvsallpod Instagram: @allagainstallpod Email: All@AllAgainstAllPod.com David Crowe SMH Op-ed: https://www.smh.com.au/politics/federal/as-australia-faces-more-extreme-weather-the-nation-s-politics-continue-to-fail-20191115-p53avc.html Peter Hartcher SMH Op-ed: https://www.smh.com.au/politics/federal/our-leaders-fiddle-while-the-country-burns-20191115-p53b3q.html OECD productivity analysis: https://www.oecd.org/economy/outlook/Decoupling-of-wages-from-productivity-november-2018-OECD-economic-outlook-chapter.pdf Jim Stanford on the declining labour share of GDP: https://www.tai.org.au/sites/default/files/Labour_Share_Symposium_Stanford.pdf Institute of public accountants on off-market buybacks: https://www.publicaccountants.org.au/news-advocacy/media-releases/off-market-buy-backs%E2%80%99-hidden-cost RBA on declining corporate investment: https://www.rba.gov.au/publications/bulletin/2019/jun/can-structural-change-account-for-the-low-level-of-non-mining-investment.html SEC on buybacks: https://www.sec.gov/news/speech/speech-jackson-061118 ALP Campaign Review: https://alp.org.au/media/2043/alp-campaign-review-2019.pdf The perfect All Against All story: https://twitter.com/9NewsAUS/status/1195240972541550592?s=09