In this thought-provoking episode, we look at the recent political and economic developments impacting Australia and the world, starting off with the influence of world-renowned economic thinkers Mariana Mazzucato and Yanis Varoufakis—in Australia at the moment—we explore the shifting economic paradigms of governance, business, and community interests.

Dr. Mazzucato’s advocacy for a collaborative approach between business, labour, and government highlights a transformative vision for delivering public services, a perspective gaining traction globally and eyed keenly by the Australian government ahead of the upcoming budget. Meanwhile, Yanis Varoufakis, known for his stand against austerity measures during Greece’s financial crisis, continues to challenge the neoliberal orthodoxy, offering invaluable insights into leveraging economic policies for community enhancement amid global transitions.

We also have a critical look at Australia’s foreign policy stance, especially concerning the escalating situation in Gaza. Varoufakis’ commentary on Australia’s need for an independent foreign affairs outlook and its response to the Israeli–Palestinian conflict invites a re-evaluation of our national and global roles and responsibilities.

Moreover, the potential unraveling of the AUKUS deal, marked by the United States scaled-back submarine commitments, brings to light the complexities of international defence agreements and their implications for Australian security and diplomacy. Is it time to cancel AUKUS? We examine the broader geopolitical and internal political factors at play.

Lastly, we address the pressing issue of aged care reform in Australia, following the Aged Care Taskforce report. The discussion revolves around the proposed changes, the financial sustainability of aged care, and the government’s reluctance to adopt recommended funding mechanisms (just don’t mention the word “tax”) highlighting the critical choices facing policymakers in ensuring quality care for the aging population.