Search Results: globalisation
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ECONOMICS
- David James
- 17 September 2020
5 Comments
The issue of class, economic inequality, has for some time been conspicuously absent in contemporary political debate. In the wake of COVID-19, which will greatly exacerbate income and wealth disparities, such inattention must be addressed.
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ECONOMICS
The full economic impact of the coronavirus lockdowns will not be fully felt until the end of the year, but it will be devastating. The Treasurer, Josh Frydenberg, is already estimating that the effective employment rate is 13.3 per cent; it may be headed for as high as 20 per cent. It raises a question, not just in Australia, but in many developed countries. Will there be a significant middle class left after such economic destruction?
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ECONOMICS
A commonly heard phrase, or rather media cliché, is that after the COVID-19 crisis ‘things will never be the same.’ It is an understandable sentiment, given the seemingly unprecedented nature of recent events. But how novel is what happened, and how much will actually change?
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ECONOMICS
- David James
- 29 April 2020
6 Comments
The COVID-19 pandemic is starting to ease, but the economic and financial fall out has just begun. It is not as if the world economy was in good shape before economic activity was slashed and entire industries were shut down. Those fault lines are only going to worsen, and the consequences might be very dark.
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ECONOMICS
- David James
- 03 September 2018
7 Comments
The corporations have had it their own way for most of this century but two recent events have startled them. One is the election of a US president who says he is an economic nationalist. The other was Brexit. The battle lines have been drawn between a unipolar, American dominated world and a multipolar world.
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ECONOMICS
Trump's destruction of the architecture of international trade agreements and reversion to protectionism will expose the complexity of globalisation, but is unlikely to have the effect he is aiming at, which is to bring investment capital, and jobs, back to his country.
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RELIGION
- Frank Brennan
- 18 June 2018
2 Comments
'Seeking cooperative globalisation with people from north and south, east and west, of all faiths and none, we dare to hope while committing ourselves to labour for the kingdom to come here on earth and hereafter as did.' Frank Brennan, Homily, 11th Sunday in Ordinary time, the Oratory of San Francesco Saverio Del Caravita, Rome, 17 June 2018.
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ECONOMICS
As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.
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ECONOMICS
- Joe Zabar
- 27 February 2018
'Francis' statement is not one merely for theological or academic contemplation. It is in effect Francis' call to establish a new benchmark for our economy, one where exclusion and inequality are no longer a natural and accepted consequence of its operation.' Director of Economic Policy for Catholic Social Services Australia addresses the CSSA annual conference in Melbourne, February 2018.
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INTERNATIONAL
- Colin Long
- 10 February 2017
15 Comments
Much commentary on Trump's victory has veered between two explanations: either there is large proportion of the electorate with 'deplorable' attitudes to women and minorities; or economic dislocation has produced an angry white working class eager to punish political elites. These explanations are not mutually exclusive. The willingness to ignore or welcome Trump's misogyny is a symptom of the undermining of a deep sense of masculinity that, for some men, is their primary identity.
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ECONOMICS
- David James
- 07 February 2017
10 Comments
Many defenders of globalisation express frustration at the rise of Trump and what they see as an ignorant and self-defeating backlash against its virtues. But they have no answer to the most pressing question: Is the global system there to serve people, or are people there to serve the global system? They also never address a central contradiction of globalisation: that capital is free to move, but for the most part people are not, unless they belong to the elite ranks.
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INTERNATIONAL
- Andrew Hamilton
- 01 February 2017
23 Comments
The shape Trump's presidency is beginning to be discernible. The likely deepening of inequality, the disregard for universal human rights and for the international and national responsibilities that flow from them, the contempt for the environment and for evidence based research, and the debasement of political speech promise a more divided society in a more divided world. In such a noisy and staccato atmosphere the beginnings of an appropriate response lie in not responding to every tweet.
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