Search Results: austerity
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ECONOMICS
- David James
- 18 April 2016
11 Comments
Three finance-related events are currently gaining great attention in the media. One is the so-called Panama Papers. Another is the proposal to have a royal commission into the banks. And a third is the furore over the unaffordability of homes and the debate over negative gearing. On the surface they would seem to be quite separate issues. But all three issues demonstrate yet again that banks are, if not the most malign organisations on the planet, then certainly among the most dangerous.
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AUSTRALIA
- Fatima Measham
- 18 April 2016
10 Comments
People are sensitised to government-enabled corporate excess and doubt elected officials are capable and willing to serve their interests. The lesson from the 2014 federal budget is that there are non-negotiables around the function of government: to provide the conditions that ensure the flourishing of all citizens. Yet in terms of future-proofing living standards, the Coalition has so far presided over an ideas bust rather than boom, unless boom is the sound of something spontaneously combusting.
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ECONOMICS
- David James
- 19 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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ARTS AND CULTURE
- Gillian Bouras
- 07 October 2015
9 Comments
Well, I know the dehumanising rot began to set in a long time ago. I have a vision of George Orwell sitting on a cloud and wringing his hands in renewed horror, for now the business model and associated language appears to have taken over the world. In short, the changes in aged care could be counterproductive, as the aims of streamlined access and equity may result instead in the development of barriers and more inequity. Growing old clearly means more hard work, and more adjustment.
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INTERNATIONAL
- Daniel Read
- 18 August 2015
12 Comments
The ongoing drama over leadership of the UK Labour Party is raising the possibility of further fractures in the politics of austerity, not just in Britain, but across Europe. The entire political edifice of British politics has shifted so far to the right that even a somewhat inoffensive endorsement of state ownership, anti-austerity politics and trade union support, alongside scrapping the UK's nuclear deterrent and questioning our continued membership in NATO, can appear dangerously radical.
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ECONOMICS
International Monetary Fund prescriptions have a long history of failing, and countries that ignore them are often the ones that do surprisingly well. Few have been asked to be more servile than the Greeks. When the IMF came in with what is amusingly referred to as its austerity 'plan', the Greek economy was expected to grow at over 2 per cent. After the 'plan' had taken effect, the country’s economy had shrunk by a quarter.
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ARTS AND CULTURE
- Gillian Bouras
- 01 July 2015
4 Comments
In the early hours of Saturday, Prime Minister Alexis Tsipras had announced a referendum for July 5. Whether the average Spiro and Soula has much idea of the macroeconomic issues seems doubtful. I certainly haven’t. And there is not much time for them or me to learn. Spiro and Soula and I are naturally concerned about the supply of ready cash.
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AUSTRALIA
Neoliberal economics underlies the recent Federal Budget and the major parties’ welfare policies. It proclaims the end of the age of entitlement and speaks of small government, as it embraces the privatisation of 'service delivery'. Faith based organisations are involved as agencies of the government, often forced to impose punitive measures rather than the promise of the 'carrot' that is their purpose.
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INTERNATIONAL
- Duncan MacLaren
- 07 May 2015
4 Comments
It has certainly been an extraordinary election where, for once, Scotland has played a central role, especially in the realm of new ideas. It will be good for democracy in the UK if the predicted SNP landslide occurs, to put progressive policies ahead of party advantage and ensure the neo-liberals in Cameron's team are stopped from unleashing the same chaos as Mr Abbott in Australia, and compassion, care for the most vulnerable and services such as the NHS remaining in public hands return to centre stage again.
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AUSTRALIA
- Colin Long
- 09 February 2015
19 Comments
The Coalition Government falsely claims that Medicare co-payments and cuts to welfare and publicly funded institutions such as the CSIRO and the ABC are necessary to 'fix Labor's mess'. There are indeed structural problems with the economy, but essentially the plan is to strip the public sector by cutting universal access to a range of services that also includes tertiary education, to create a dominant free market that marginalises Australians on low incomes.
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ECONOMICS
- David James
- 10 December 2014
12 Comments
One of the fascinating aspects of Australia's political pantomime is the manner in which the Federal Treasurer is forced to metamorphose into a used car salesman who is spruiking the Australian economy. One reason for the relative impotence of the Treasurer is that the Federal government only has control over fiscal policy. Monetary policy, the interest rate, is set by the Reserve Bank, not the government.
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AUSTRALIA
- John Falzon
- 13 October 2014
35 Comments
During Anti-Poverty Week we're asked to take the side of the people who are made to feel like they are nothing. We join those of us who believe in working towards the kind of society where vulnerability is respectfully shared and supported rather than brutally exploited. We believe that humanity will win against humiliation.
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