It is important to incorporate political and economic histories as well as it is they who have destroyed the world: our economic damage was caused by collapsed cash flows and too-late grants and subsidies.
The National COVID-19 Coordination Commission will have to move forward – with the PM’s support! However, it smacks of the Gaetjens secret report on the rorts – it is advisory to the team that made the errors and even includes Gaetjens to whom it reports as a unit of Prime Minister’s and Cabinet. It is a misnomer: it is a committee, not a commission. It has no statutory abilities or independence. In the four Acts of Parliament available on legislation.gov.au, there is no Appropriation for it.
The House of Representatives Standing Committee on Economics is chaired by Tim Wilson MP but looks outwards to banks and insurance companies and not inwards as do US Committees. A Hearing or similar might have clarified issues well before the deadly 26 days of delay to admit early mistakes were made (due to lack of expertise), and even acted as a part-safeguard. Mr Wilson has declined to comment.
The NCCC was created in late March, to provide advice on PPPs and other recovery implementation mechanisms. The economic assessment and planning side of the crisis has been poorly mapped due to the Bubble’s babble, unlike in the US Congress where President Trump’s reluctance and evasions were countered by both Democrats and Republicans in open exchanges. There is no such debate in the Australian Parliament. The Commission will not have useful backup from Infrastructure Australia or iNSW.
Here is a telling quote:
George W. Bush, the US president often derided for his supposed stupidity, made a formal proposal in 2005 for $US7 billion in funding to prepare for the inevitable epidemic. He specifically cited the danger posed by another coronavirus, H5N1 or "bird flu". Bush said it was possible that virus could develop the ability to pass from person to person: "If we wait for a pandemic to appear, it will be too late to prepare." He recommended stockpiling ventilators, masks and funding for vaccine research. His recommendation to Congress was not taken seriously
The PM and Government, and the National (War) Cabinet are facing a challenge where there is
The stakeholders are rejecting wiser voices and refusing to repair their blunders, they are societal criminals worthy of Dante's 8th Circle.
These words come the man who most changed the post-1918 world, Hayek's friend, whom Nugget Coombs persuaded PM Menzies was the way to go:
Journalists tend to pick'n'choose what to cover and then eschew expert work outside their home patch. The consequences include unprofessional "churnalism", errors and the misleading of communities.
That culture led to massive waste and damage in Sydney's infrastructure via Turnbull/Morrison's gifting and Kennedy idiocy over the WS City Deal - and no one acknowledges the obvious defect associated with the rejection of "Budget repair".
Here is an American parallel - the WashPost's Editorial Board: