De Minimis
  • Home
  • ABOUT US
  • Podcast
  • Your Learned Friend
  • Anonymous Feedback
  • Art
  • Get published!
  • Constitution
  • Archive
    • 2018
    • 2017
    • 2017 >
      • Semester 2 (Volume 12) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8 (election issue)
        • Issue 9
        • Issue 10
        • Issue 11
        • Issue 12
    • 2016 >
      • Semester 1 (Volume 9) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8
        • Issue 9
        • Issue 10
        • Issue 11
        • Issue 12
      • Semester 2 (Volume 10) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8 (Election Issue)
        • Issue 9
        • Issue 10
        • Issue 11
        • Issue 12
        • Issue 13 (test)
    • 2015 >
      • Semester 1 (Volume 7) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8
        • Issue 9
        • Issue 10
        • Issue 11
      • Semester 2 (Volume 8) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8
        • Issue 9
        • Issue 10
    • 2014 >
      • Semester 1 (Volume 5) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
      • Semester 2 (Volume 6) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 6
        • Issue 7
        • Issue 10
        • Issue 12
    • 2013 >
      • Issue 1
      • Issue 2
      • Issue 3
      • Issue 4
      • Issue 5
      • Issue 6
    • 2012 >
      • Semester 1 (Volume 1) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8
        • Issue 9
        • Issue 10
        • Issue 11
        • Issue 12
      • Semester 2 (Volume 2) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8
        • Issue 9
        • Issue 10
        • Issue 11
        • Issue 12

Medical research grants: the budget’s ‘silver lining’

19/5/2014

 
William Davidson

The recent budget proved to be only slightly more popular than the Student Services Amenities Fee around MLS – and this may or may not be justified; I will reserve my judgment for the glorious battlefields of Facebook comments. Instead of adding to the all too often quite poisonous and negative atmosphere of the law school, I thought I would perhaps concentrate on one element that we could perhaps all agree is a positive (a scandalous idea I know).
This silver lining, as I perceive it, is the establishment of the $20 billion medical research “future fund”. Alas, the long lasting and far-reaching benefits of this fund appear to have been drowned out by the outcry against its method of collection, namely the $7 co-pay to be introduced for visits to the doctor. In my opinion, this response is unjustified. As a taxpayer that earns less than $22k a year, if anyone should be complaining it should be me, but I am not. Seven dollars is not a large sum of money in anyone’s book and cannot seriously be seen as an impediment to anyone’s access to health care. It may make people think twice about going, but when the average Australian goes to the doctor eleven times a year, perhaps this isn’t such a bad thing. But I digress, back to the positives.

It is no news flash that the mining boom in Australia has passed its peak, and that basic manufacturing in this country has been all but confined to the history books. So where will our future prosperity come from? There have been several options touted – the strongest two of which, in my humble opinion, are agriculture and biomedicine. Indeed, Australia is well positioned to become the food bowl of Asia and the industry has received strong investment interest from both domestic and international markets – so much so that is has pretty well been consolidated as far as is feasible. The biomedical industry, on the other hand, while being a world-wide leader in many respects, remains comparatively dispersed and speculative – with few entities above the $50 million mark. Strong domestic investment in this sector makes an enormous amount of sense. Not only would it create thousands of jobs in both research and manufacturing, but would bring with it the myriad benefits to society as whole through medical advancement. In short, this fund is a real winner for future Australia.

The cruel irony of all this is that while this policy appears to be both economically sound and of clear benefit to all, it is unlikely to pass due to a combination of Clive Palmer’s kindergarten-level economic knowledge and Labor’s lack of courage. This case, I believe, illustrates that the debate of the budget is far too concentrated around party lines and the politicians involved, without real assessment of the actual possible merit of any its policies. In the words of Richard Armour, “Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.”


William Davidson is a 3rd year JD student and the current LSS Treasurer. 

Comments are closed.
    Picture

    Archives

    October 2022
    September 2022
    December 2021
    October 2021
    September 2021
    August 2021
    July 2021
    May 2021
    April 2021
    March 2021
    February 2021
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    October 2019
    September 2019
    August 2019
    July 2019
    May 2019
    April 2019
    March 2019
    February 2019
    October 2018
    September 2018
    August 2018
    July 2018
    May 2018
    April 2018
    March 2018
    February 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    May 2016
    April 2016
    March 2016
    February 2016
    December 2015
    October 2015
    September 2015
    August 2015
    May 2015
    April 2015
    March 2015
    October 2014
    September 2014
    August 2014
    July 2014
    May 2014
    April 2014

Powered by Create your own unique website with customizable templates.
  • Home
  • ABOUT US
  • Podcast
  • Your Learned Friend
  • Anonymous Feedback
  • Art
  • Get published!
  • Constitution
  • Archive
    • 2018
    • 2017
    • 2017 >
      • Semester 2 (Volume 12) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8 (election issue)
        • Issue 9
        • Issue 10
        • Issue 11
        • Issue 12
    • 2016 >
      • Semester 1 (Volume 9) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8
        • Issue 9
        • Issue 10
        • Issue 11
        • Issue 12
      • Semester 2 (Volume 10) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8 (Election Issue)
        • Issue 9
        • Issue 10
        • Issue 11
        • Issue 12
        • Issue 13 (test)
    • 2015 >
      • Semester 1 (Volume 7) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8
        • Issue 9
        • Issue 10
        • Issue 11
      • Semester 2 (Volume 8) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8
        • Issue 9
        • Issue 10
    • 2014 >
      • Semester 1 (Volume 5) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
      • Semester 2 (Volume 6) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 6
        • Issue 7
        • Issue 10
        • Issue 12
    • 2013 >
      • Issue 1
      • Issue 2
      • Issue 3
      • Issue 4
      • Issue 5
      • Issue 6
    • 2012 >
      • Semester 1 (Volume 1) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8
        • Issue 9
        • Issue 10
        • Issue 11
        • Issue 12
      • Semester 2 (Volume 2) >
        • Issue 1
        • Issue 2
        • Issue 3
        • Issue 4
        • Issue 5
        • Issue 6
        • Issue 7
        • Issue 8
        • Issue 9
        • Issue 10
        • Issue 11
        • Issue 12