Search Results: economy

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  • RELIGION

    Companies' bastardry about more than bad apples

    • Andrew Hamilton
    • 06 April 2016
    19 Comments

    How do good people sink to this? The answer lies in the mutation of economic ideology from the crude buccaneering spirit of doing whatever it takes to get rich into a more urbane form. People see themselves as competing, not only for their own economic benefit, but for that of the company. This means greed can mask itself as altruism in serving a larger good. And as in the case of churches, identification with the company provides reason for protecting the company's reputation at all costs.

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  • ECONOMICS

    Labor's negative gearing heroics alone won't save us

    • David James
    • 25 February 2016
    8 Comments

    It is not often that federal political parties exhibit courage. Labor's decision to change the rules on negative gearing is a rare instance. It targets what is most dangerous and unfair in our financial system. Expect howls of protests from powerful lobby groups if it ever looks like becoming policy. But these changes alone won't be enough to deal with the ills of the financial system. While they are designed to target the bias away from productive investment, they won't remove the attraction towards property.

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  • INTERNATIONAL

    Why Australia is missing the revolution

    • J. R. Hennessy
    • 18 February 2016
    23 Comments

    The aftershocks of the late-century push for liberalisation and the GFC have bred generations of dislocated voters who seek answers outside of the limited solutions of centrist governance. This provides ample opportunity for true progressive change, as seen in Europe and Latin America, and now the US and UK. Where's Australia? Nowhere to be seen. It is hard to imagine a truly progressive candidate emerging from our ossified political structures. There are a few reasons for this.

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  • AUSTRALIA

    Notes (in Latin) on a football scandal

    • Brian Matthews
    • 09 February 2016
    2 Comments

    Eslingadene/Isendene/Essendon was its quiet and bucolic self when Richard Green, one of its respectable citizens, farewelled it in the 1850s, migrated to Australia, settled near Melbourne and, honouring his home village, called the area Essendon. Like its northern hemisphere namesake, Essendon does not appear in the Domesday Book, but Macbeth-like vaulting ambition, disjoined from care and humanity, has enrolled it in a modern Doomsday register and stained its name ineradicably.

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  • ENVIRONMENT

    Hope lies beyond latest climate shock therapy

    • Lyn Bender
    • 08 February 2016
    11 Comments

    News about climate change can be depressing. But it was downright shocking to learn that budget cuts to CSIRO have led to the decimation of the agency's climate science. Australia is one of the worst global emitters, yet Australian citizens have outsourced responsibility for climate protection, as they have for refugees. The ease of bipartisan agreement on such crucial dilemmas confirms the point. A dormant electorate creates a negligent, sleeping, self-satisfied and corrupt government.

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  • AUSTRALIA

    Friendlier Ghosts of Australia Days Future

    • Andrew Hamilton
    • 27 January 2016
    4 Comments

    The two major challenges facing the world have to do with kindness to strangers and care for the natural world. If the image of the beginnings of Australia is of a boatload of powerful Europeans coming to exploit the land occupied by a primitive people, a better image of future Australia Days might be of Australia sending parties to Indigenous settlements and other nations to discover how to cooperate in the great projects of reconciliation between people and people with nature.

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  • RELIGION

    Meeting Pope Francis

    • Frank Brennan
    • 24 January 2016
    22 Comments

    Hailing from Argentina, Francis puts his trust neither in ideological Communism nor in unbridled capitalism. We need to enhance international security, building the rule of law within multilateral organisations, and fostering the climate for investment sensitive to the triple bottom line - economic, social and environmental. I return from Rome grateful that we have a pope prepared to open these questions, accompanied by senior prelates happy to mix it with business and community leaders.

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  • ECONOMICS

    Consequences loom for global debt binge

    • David James
    • 18 January 2016
    11 Comments

    Low interest rates tend to change the understanding of risk; having high debt seems to be less of a problem because the cost of servicing it is lower. This cavalier attitude has been especially evident in Australian households, which have racked up more debt relative to the size of the economy than any other country in the world. The massive appetite for debt has been replicated across the globe. The world may have survived the era of casino money - just - but it is now facing another crisis.

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  • AUSTRALIA

    2015 in review: 'Unhappy' Abbott years end

    • Tony Kevin
    • 12 January 2016
    5 Comments

    Now is an exciting moment for Australia, after all the low points of the past two years. We can look forward to a real return to greater civil discourse and intellectual integrity in politics. It will be good if the parties can set aside the negative energy that was brought to the Parliament and return to an informed contest of ideas, for there is much to debate.

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  • ECONOMICS

    New world order of gas and finance

    • David James
    • 14 December 2015
    3 Comments

    In the early 1990s, America, Europe and Japan accounted for about 90 per cent of world GDP. Now, they account for less than half. The BRICs and other developing nations have grown steadily (in China's case spectacularly) while Europe has stagnated and America has sputtered at best. Recent developments in the geopolitics of fossil fuels and in finance confirm the perception that the rise of China and the developing world spells the end of US global hegemony. Against this backdrop, the narrative of the West has grown increasingly incoherent.

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  • ARTS AND CULTURE

    Hipster heroes of gentrification

    • Charlotte Howell
    • 01 December 2015
    1 Comment

    I was born into a working class family in Leyton, East London. But in the late 1980s, gentrification in the area forced us to relocate to the poor working class town of Harlow, Essex. In a twist of fate, these days I can't even afford to live there. This time it is not due to gentrification brought about by 'hipster' entrepreneurs, but because powerful construction companies have replaced the historical architecture with new developments and housing estates. I know who I'd rather pick a fight against.

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  • AUSTRALIA

    Malcolm Turnbull's confidence trick

    • Tim Robertson
    • 24 November 2015
    17 Comments

    The vitriol with which much of the liberal mainstream media responded to Tony Abbott's Margaret Thatcher memorial speech last month confirmed what many rightwingers have been claiming: that Abbott's problem was not his policies, but his inability to sell them. As communicators, he and Turnbull are poles apart. To date, the most striking achievement of the Malcolm Turnbull confidence trick is that he's rewarded for his apparent progressivism, even when he speaks explicitly against it.

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