Kevin Rudd on Sunrise: The Ruby Princess fiasco

E&OE TRANSCRIPT TELEVISION INTERVIEW SUNRISE, SEVEN NETWORK 6 APRIL 2020 SUBJECT: Ruby Princess, coronavirus JOURNALIST: The Ruby Princess cruise ship is now at the centre of a criminal investigation with the NSW homicide squad looking into why the infected vessel was allowed to dock in Sydney Harbour. It comes as a 7NEWS special investigation raises more damning allegations about what …

Why Morrison must fix the NBN

If Scott Morrison really wants to shovel money out the door to stimulate the economy once the current coronavirus public health crisis has been properly contained, he should look at fixing the National Broadband Network. In 2013, Tony Abbott brought a giant wrecking-ball to almost every single economic measure introduced by our government, and broadband is no exception. We were …

Crisis calls for a double guarantee covering wages and loans

Now that Scott Morrison has finally conceded that fiscal stimulus, budget deficits and greater public debt are essential policy responses to a collapsing economy, it’s important to analyse whether the specific measures he has taken are optimal, given the current crisis. The worst-kept secret in Canberra for months now has been Treasury trying to convince the Morrison government to embrace …

Let’s fix this globally: this is no time for protectionism

The global pandemic we see playing out across the world, and the financial, economic and social crisis that follows, have already pushed our national capacities to the limit. No two crises are the same. But there are lessons from the past. As someone who sat around the Group of 20 leaders’ table in London in April 2009 — the Summit …

13 Myths about the Rudd Government’s GFC stimulus

In 2008-09, the Rudd Government faced the deepest global recession since the Great Depression of the 1930s. Although every other developed country on earth went into recession, Australia was saved largely through a targeted economic stimulus strategy that supported Australian jobs. The Liberal Party, led by Malcolm Turnbull and then Tony Abbott, played politics by opposing the stimulus. They’ve made …

Kevin Rudd on ABC: Coronavirus and Australia

    E&OE TRANSCRIPT TELEVISION INTERVIEW ABC AFTERNOON BRIEFING WITH PATRICIA KARVELAS 17 MARCH 2020   SUBJECTS: Coronavirus   PK: I’m joined by the former Prime Minister, Kevin Rudd, who of course devised the stimulus package for the global financial crisis. Kevin Rudd, welcome.   KR: It’s good to be with you.   PK: Now, the Federal Government says the crisis …

Tardy Scotty protests too much about my government’s stimulus

This opinion piece appeared in the Australian Financial Review on 11 March 2020. In his belated response to the coronavirus crisis, Prime Minister Scott Morrison’s stated strategy to date seems clear. It’s that “he is not me”. Indeed, whenever he’s asked why he suddenly seems so interested in the dreaded “S” word – stimulus – he protests “it’s not a …

People don’t trust their governments to handle the coronavirus crisis

The current collapse in global equities markets is mirroring a broader collapse in global public confidence. The big picture: Both financial markets and public sentiment are reacting to uncertainty at three levels: the future trajectory of the coronavirus outbreak; the adequacy of the policy response; as well as the impact on the economy and financial institutions. At the heart of …

COVID-19 Trumps Nationalism

NEW YORK – I was recently walking along East 29th Street in Manhattan, after visiting a friend at Bellevue Hospital, when I was roused from my thoughts by a middle-aged white male screaming at an old Chinese man, “Get the fuck out of my country, you piece of Chinese shit!” The old man was stunned. So was I, before I …