A relic of the 1970s

Plus ça change, plus c’est la même chose. Australia’s Treasurer, Jim Chalmers, “will more purposefully direct investment flows to priority areas such as clean energy, through market design and co-investment”. Also known as industrial policy, Chalmers looks set to revive a relic of 1970s economic thinking:

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Reap what you sow

It has been a few weeks since the Australian government rushed through its energy market intervention bill. How’s it working out? As one might expect: “Major energy retailers across the country have been forced to stop taking on new gas customers while others ramp up their prices, as they struggle under the government-imposed 12-month price cap.

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Is this a crime?

It certainly sounds like criminal activity perpetrated against the Australian taxpayer. From The Australian: “Annastacia Palaszczuk says the federal and state governments knew taxpayers could be slugged up to $450m to compensate mining giant Rio Tinto when the national energy plan was rushed through parliament this month.

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Create your own fediverse instance (for free!)

Had enough of Twitter and Facebook and want to stake your claim on the fediverse, a social network of decentralised, autonomous servers running on open source software? Look no further! I’m going to show you how to get Soapbox (frontend) and Pleroma Rebased (backend) up and running on your own server, for free.

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Corporate welfare, AFL edition

Imagine for a moment that you run a successful business – in fact, the most successful business in your industry. You want to expand. You could issue equity or borrow the funds, but both of those options come with a hefty amount of risk.

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