Search Results: economy

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  • ENVIRONMENT

    Electricity market for dummies (i.e. politicians)

    • Greg Foyster
    • 19 July 2017
    11 Comments

    After months of very silly debate about clean energy, one thing is abundantly clear: the electricity market is evolving much faster than most politicians and commentators can understand it. The story underneath all the distraction is that wind and solar have already changed the game. As that big Finkel report no one read made clear, 'there is no going back from the massive industrial, technological and economic changes facing our electricity system'.

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  • AUSTRALIA

    The manor and the workhouse in modern Australia

    • Andrew Hamilton
    • 04 July 2017
    17 Comments

    A regular feature in Australian politics is the attempt to save money by penalising people who are struggling with life. It is usually accompanied by disparagement of the groups who are targeted. The strategy has a long history that provides a context. In 19th century England, a system was established that would encourage people to seek work by deterring them from seeking help. Central to this was the establishment of workhouses where the conditions would be more unpleasant than in any form of work.

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  • ENVIRONMENT

    Finkel and the climate theatre of the absurd

    • Greg Foyster
    • 21 June 2017
    6 Comments

    If politics is theatre, climate politics is a family drama. For the last decade we've watched two rival households having the same endless argument. Political journos call it the 'climate wars' and mostly focus on the lead actors standing in the spotlight - in the Western narrative tradition, characters drive events. Almost no one has noticed the scenery change. Stagehands dismantled the backdrop years ago, but politicians have carried on as if the same circumstances existed when they started this charade.

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  • ECONOMICS

    What lies beneath the finance industry's water words

    • David James
    • 04 June 2017
    10 Comments

    One thing that is rarely done is a literary-style analysis of the language used in finance and business. It can quickly reveal the sleight-of-hand, even outright deception, that plague these powerful sectors. To take one example, finance language heavily relies on water metaphors, which are deeply misleading. It is unlikely that this is done deliberately; it is more probably reification (making the intangible appear to be concrete). But its consequences have been, and remain, devastating.

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  • AUSTRALIA

    Philippines coming full, sordid circle

    • Fatima Measham
    • 24 May 2017
    3 Comments

    None of what continues to unravel in the Philippines is a shock. In August last year, barely more than a month from inauguration, Duterte mentioned the prospect of martial law in relation to his drug war. Duterte is the sixth president since the 1986 People Power revolution that overthrew Marcos. He is a close associate of the dictator's children. Martial law was long in play before the incidents in Marawi this week, and is in character for an ex-mayor with alleged links to 'death squads'.

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  • INTERNATIONAL

    Egypt and Ethiopia river wars be dammed

    • Tuhimi Akebet
    • 15 May 2017
    2 Comments

    The building of the Grand Ethiopian Renaissance Dam on the Blue Nile by a major Italian construction company remains a source of tension between Ethiopia and Egypt. Egypt sees the Nile as its sole source for the survival of its population and, historically, has seen itself as its sole natural guardian. Ethiopia argued in response, on the basis of unseen studies, that there would be no reduction of water downstream. Both are mindful of the disastrous war they waged against each other early in the 19th century.

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  • AUSTRALIA

    Unsocial budget fails health test

    • Amy Coopes
    • 14 May 2017
    3 Comments

    Next year marks four decades since promulgation of the seminal Declaration of Alma Ata, which declared health to be a fundamental human right and laid the foundations for what are now widely championed as the social determinants of health. Without action on the social determinants, health policy can be a little like that joke about the cyclopean orthopod who, when confronted with a patient suffering fatal internal bleeding, is interested only in fixing their broken leg. So it is with last week's Budget.

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  • AUSTRALIA

    Hope versus humiliation in the Federal Budget

    • John Falzon
    • 09 May 2017
    14 Comments

    It would be nice to believe, as the Treasurer wants us to, that better times are around the corner. But while wages stagnate and company profits surge, inequality is at its highest since the 1950s. This is not going to get any better any time soon. By 2019, the highest income earners will have received an effective tax cut of 1.5 per cent compared to all other taxpayers who will be paying an extra 0.5 per cent. For young people especially, Budget 2017 boosts inequality instead of building a better future.

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  • ECONOMICS

    Beyond fake news lies the fog of fake figures

    • David James
    • 01 May 2017
    6 Comments

    Fake news aside, increasingly, we live in a world of fake figures. There is a cliche in management that 'what gets measured gets done'. In public discourse that might be translated to 'what gets measured is considered real'. One obvious fake figure is GDP, which is taken as a measure of national wellbeing. In fact, it is just a measure of transactions. If money changes hands because something disastrous happens then GDP will rise. That is hardly an indicator of national wellbeing.

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  • AUSTRALIA

    The counter-cultural, rehumanising work of volunteers

    • Fatima Measham
    • 26 April 2017
    4 Comments

    A significant portion of the work that goes on in our economy is voluntary. It features in many contexts, such as social welfare, mentoring, animal welfare, landcare, local sport, and arts and literary activities. It can be hard to make a case for volunteering at a time when labour exploitation is rife. Students, migrants and Indigenous people, who need to establish work experience, are particularly vulnerable when it comes to unpaid work. This does not mean that volunteer work can never be meaningful.

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  • ECONOMICS

    The language of exploitation in the online labour market

    • Daniel Nicholson
    • 23 April 2017
    3 Comments

    When you are in the business of exploiting people, language matters. A recently leaked document from Deliveroo is geared to emphasising that the people who deliver food for Deliveroo are and should remain independent contractors, not employees. In 2016, a Unions NSW report into the employment practices of gig-economy company AirTasker categorised the online labour market as 'unregulated Taylorism within a Dickensian marketplace where workers compete for bite-sized fragments of labour'.

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  • INTERNATIONAL

    Citizenship changes make a new enemy of the migrant

    • Catherine Marshall
    • 23 April 2017
    16 Comments

    Australia has long had a successful migration program, and the country's economic success is proof of this. So when Turnbull calls a press conference to impart the news that 'membership of the Australian family is a privilege and should be afforded to those who support our values, respect our laws and want to work hard by integrating and contributing to an even better Australia', he is making a redundant point. The vast majority of migrants and new citizens already do this.

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