Search Results: capitalism

  • AUSTRALIA

    The Archbishop of Canterbury's advice for Joe Hockey

    • Michael Mullins
    • 09 February 2015
    8 Comments

    As a former business executive, the Archbishop of Canterbury Justin Welby speaks with particular authority on economic issues. He has just given a landmark speech on the ‘Good Economy’ in which he stresses that everybody including the marginalised has a role to play. As our Coalition MPs undergo soul searching in order to reconnect with the Australian people, they might consider the virtues of a reduced pace of economic growth that has more universal benefit.    

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  • AUSTRALIA

    The financial crisis the Government wants us to have

    • 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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  • ARTS AND CULTURE

    US health care a sick joke that’s coming to Australia

    • Ellena Savage
    • 23 January 2015
    9 Comments

    America's iniquitous health care system is often portrayed with dark humour in popular culture such as the 2007 Michael Moore film Sicko. Our own Federal Government has been putting constant pressure on our system of universal health care as it pursues a course of action that presents class warfare as fiscal responsibility. It raises questions about the vested interests behind dismantling health care protections for poor people.   

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  • ECONOMICS

    Why the rich are getting richer

    • David James
    • 19 November 2014
    6 Comments

    Investing capital in the production of goods and services may create jobs, but it's not the best way to make money. It's more profitable to manipulate the financial system to create more money from money, which is why the finance sector does so well. The polarisation of wealth is less extreme in Australia, but we have our own capital-driven Ponzi scheme - the residential property market, which has become an exercise in making money out of money. 

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  • AUSTRALIA

    Who wants to be a capitalist?

    • Moira Rayner
    • 31 October 2014
    11 Comments

    Affordable housing ought to be a hot election issue. Sadly it’s not a government priority, with ordinary people being taught to be entitled to look to capital growth in bricks and mortar as the best path to financial security. That is producing a housing price bubble and public housing is being squeezed. As a result, an increasing number of Australians can’t afford to put a roof over their head.

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  • AUSTRALIA

    Looking for depth in the selfie

    • Ellena Savage
    • 31 October 2014
    4 Comments

    I take a lot of selfies. Some of them are silly, coquettish, dramatic. Others are just my face looking into my computer, sitting where I work, dressed in work clothes. They mean more or less nothing. They’re just an inane collection of data on my laptop, or too easy self-portraits. Nothing means nothing, but it says something about the culture. 

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  • MARGARET DOOLEY AWARD

    Inequality matters

    • Harry Maher
    • 20 August 2014
    14 Comments

    Inequality is dangerous. And inequality is at a near all-time high. At its core, the Government’s recent budget not only engenders but actively exults in the creation and maintenance of inequality, a phenomenon rapidly expanding not just in Australia, but around the world.

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  • ECONOMICS

    SMSFs offer 'pension fund socialism'

    • David James
    • 13 August 2014
    1 Comment

    In 1976 management thinker Peter Drucker said the real owners of the stock market were workers, through their pension funds. A similar broadening of ownership has occurred in Australia since the creation of compulsory superannuation. But intermediaries called fund managers still stood between the people and ultimate control of their financial destiny, until the rise of the Self Managed Super Fund (SMSF).

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  • ECONOMICS

    Commbank plunder part of new world economic order

    • David James
    • 07 July 2014
    7 Comments

    As the Pope and economist Thomas Pikkety have observed in recent times, the inequity created by capitalism is a growing concern. But the problem with this argument is that 'capitalism' is too broad a term. The attack would be far better directed against the financialisation of developed economies. A new type of sovereign has emerged, and like all rulers they are cheerfully engaging in acts of plunder.

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  • AUSTRALIA

    The capitalist and the Pope share a common enemy

    • Michael Mullins
    • 23 June 2014
    6 Comments

    Earlier this month, Pope Francis once again blasted capitalism. But it is not true that all business leaders dismiss those who appear chronically unproductive. Thursday's Vinnies' CEO Sleepout included investment bankers and other capitalist 'true believers', and now venture capitalist Mark Carnegie is proposing a war against growing inequality and disengagement, as if he is on a unity ticket with the Pope.

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  • RELIGION

    The peacemaker pope

    • Bruce Duncan
    • 24 April 2014
    7 Comments

    Quite striking is the similarity between the warm response to Pope John XXIII half a century ago and to Pope Francis today. Both broke through the gilded cage of outdated conventions and stereotyped expectations. Both stepped over barriers of ideology or religion to evoke bonds of a common humanity committed to promoting the wellbeing of all people, especially the poor and marginalised. The contexts were of course quite different.

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  • ECONOMICS

    Deciphering capitalism's corrupt metaphors

    • David James
    • 07 February 2014
    15 Comments

    'All animals are equal, but some animals are more equal than others'. This was George Orwell's parody in Animal Farm of the vicious use of language in communist states. It was one of his memorable depictions of how the absurdities of language not only reflect evil, but also predicate it. Language was a tool of oppression in communist states. In capitalism it is no less vicious.

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