How Australia’s Voting System Maintains Two-Party Rule
As democracies go, Australia isn’t as dysfunctional as the United States. But its electoral system still ensures that many votes are undervalued or wasted.
Robert Lechte is a writer living in Melbourne.
As democracies go, Australia isn’t as dysfunctional as the United States. But its electoral system still ensures that many votes are undervalued or wasted.
The Australian right has long dreamed of fully privatizing workers’ pensions. Now that one of the world’s largest investment firms is moving into Australia’s superannuation market, their dream may be realized. To protect workers’ retirement, we need to democratize super funds.
Australia’s compulsory superannuation system has made us all shareholders in a vast financial investment industry worth almost $3 trillion. These collective funds are enormously powerful, yet when it comes to retirement, lower-income earners are left with all too little in their hands.