POL101 Lecture Notes - Lecture 1: Wayne Swan, Antonio Gramsci, Joseph Nye
Document Summary
In 2012 treasurer wayne swan warned of the rising power of vested interests . The noisy handful that he had in mind were the leaders of the mining industry who in may- June 2010, and again in oct-nov 2011, had waged a well funded, systematic media campaign against rudd"s mining super profit tax and its successor, the mineral resources rent tax. The first miners campaign was instrumental in bringing down a prime minister. The second weakened his successor and contributed to her replacement. Together they contributed significantly to the election of the abbott government. They also made it less likely that similar taxes would be pursued in the future. In 2016, we witnessed a similar intervention by the property industry around proposed changes to negative gearing. Prime minister turnbull has echoed these same arguments. Tensions between democracy and individual rights such as freedom of speech.