"An elegant hoax"? You've got to be joking.
The hoax we had to have
- Date January 11, 2013
- Category Opinion - Katherine Wilson
Jonathan Moylan should receive our thanks, not condemnation or charges.
Illustration: Matt Golding
THIS week Australians face an emergency so catastrophic that we have not yet imagined a name for it. It is so unprecedented that the Bureau of Meteorology has had to invent a new category for it. The 50 to 52 degrees air mass over Australia is the hottest on record, and worldwide, 2013 is predicted to be the hottest recorded.
With bushfires raging and lives and property lost, you might think that people who seek to put the prevention of such environmental catastrophes on the public agenda would be applauded. Instead, they are criminalised.
On Tuesday activist Jonathan Moylan was spectacularly successful in getting the issue of prevention on our newspapers' front pages. Moylan pulled off an elegant hoax. By issuing a fake media release saying ANZ had pulled its $1.2 billion loan from Whitehaven Coal mines on ethical grounds, he disrupted markets and invited public scrutiny of an industry that is driving the climate change that has led to a new category of emergency.
If letters pages and social media are any indication, there is widespread support for Moylan's hoax. At the parliamentary level, Greens senator Christine Milne has applauded his actions as being ''part of a long and proud history of civil disobedience, potentially breaking the law, to highlight something wrong''. But officially, instead of being hailed as a hero, Moylan has been labelled an extremist. In concert with the current trend to criminalise protest of all kind, he faces the prospect of jail and crippling fines. ASIC has already seized his laptop and phone.
In these contexts, it is difficult to sympathise with those who argue that we should condemn Moylan because of the so-called mum-and-dad investors who ''lost'' money because of the hoax. True, his action may have affected the sort of ''ordinary'' people who have blind faith that finance markets are based on trust and immutable laws. But are the people who gamble their spare funds in coal industry investments really the victims here? Moylan's hoax asks us to consider a broader category of victims: the world's citizens and environments who are facing the real consequence of big polluters such as coal companies.
To charge Moylan on the basis of fraud would also be disingenuous. As Fairfax journalist Eric Johnston reported on Tuesday, the ASX is subject to frequent hoaxes. How many rogue traders have used false takeover bids or issued statements to profit illegally from movements in the market? How many finance journalists and PR agents were complicit in deceiving finance markets in the lead-up to the global financial crisis? It is well understood that finance reporting influences the very market behaviour it professes to document. RMIT academics Cathy Greenfield and Peter Williams have found that finance journalism doesn't simply report market trends, but participates in them, ''actively shaping public attention and categories of thought''. Moylan, too, has achieved this through subversive - but no less honest - means.
Brokers and media have also been complicit in this hoax. As Johnston reported, banks don't advertise that they have pulled such a loan. They leave that to the company or to the ASX's announcement platform. ''Still,'' he reported, ''it was good enough to leave some running with it and wipe more than $300 million off Whitehaven's market capitalisation.''
As Homer Simpson said: ''Marge, it takes two to lie. One to lie, and one to listen.''
Those who listened could hardly be described as victims. Given this, hoaxes of this kind should not be criminalised. Historically, these kind of pranks have served to disrupt cultural conceits and hold truth to power. They have given citizens a public voice. They are part of the Australian tradition of pranks and other creative acts of civil disobedience since white settlement that have helped shape this country's laws and culture. So renowned is Australia for these forms of culture-jamming, that it has spawned its own genre of documentary literature - most recently Simon Caterson's Hoax Nation, Iain McIntyre's How to Make Trouble and Influence People, Jeff Sparrow and Jill Sparrow's Radical Melbourne books, and Melissa Katsoulis' Telling Tales.
As a nation, we value these acts of creative subversion not just because they are funny, but because they are necessary.
In Moylan's case, they are deadly serious. To protest against the environmental catastrophes we face would seem the only responsible course of action in the face of an indifferent political mainstream. As environmental issues such as our climate emergency continue to be sidelined in politics and backgrounded in news media, acts like Moylan's are not only important and inevitable, they are only going to increase in proportion to public despair.
Katherine Wilson was the perpetrator of the Windschuttle/Quadrant hoax in 2009. She is a PhD candidate at the Swinburne Institute.
I'm amazed at how many people think forgery and fraud are OK. Spare a thought for investors who had automatic stop loss orders - or worse still margin calls that resulted in a sell off of stock.
Our lives would be cactus without mining. What are these people on?