Search Results: GDP

  • ECONOMICS

    The true lesson of capitalism

    • David James
    • 15 January 2019
    1 Comment

    One of the most basic distinctions in finance, with which any stockbroker or fund manager is familiar, is that between equity and debt. As the global economy teeters on the edge of a debt and banking crisis, with global debt more than 300 per cent of global GDP, the merits of equity is something that needs to be better understood.

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  • AUSTRALIA

    William Cooper set the pace for social justice

    • Michael McVeigh
    • 05 December 2018
    4 Comments

    Eighty years ago today, 77-year-old Yorta Yorta elder walked ten kilometres to deliver a letter to the German consulate protesting the attacks on Jewish people during Kristallnacht nearly a month earlier. Despire the dire circumstances faced by Aboriginal people at the time, Cooper's conscience couldn't ignore the suffering of others.

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  • ECONOMICS

    Compound interest is the root of banks' evil

    • David James
    • 04 December 2018
    7 Comments

    The problem goes much deeper than a few crooked operatives and it will not be fixed by changing the corporate 'culture'. The fundamental evil is the arithmetic of compound interest. Interest on debt rises exponentially, while economic activity is linear. That means that sooner or later those in a weaker position are unable to pay.

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  • AUSTRALIA

    The incoherence of MPs' migration mentality

    • Fatima Measham
    • 11 October 2018
    7 Comments

    New South Wales premier Gladys Berejiklian's call to halve the state's migrant intake, and Federal minister for cities Alan Tudge's proposed a mandatory five-year regional settlement scheme for migrants, have both left policy observers scratching their heads. And with good reason.

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  • ECONOMICS

    Australia's deadly game of mates

    • David James
    • 14 August 2018
    6 Comments

    Murray and Frijters detail what they call Australia's 'grey corruption': the grubby nexus between 'James' (corrupt business people) and governments or regulators. The Jameses thrive at the expense of the 'Bruces': ordinary working people. The games of the corrupt elite now cost the 'Bruces' about half their wages.

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  • INTERNATIONAL

    All hail Queen Jacinda

    • Morgan Godfery
    • 02 July 2018
    3 Comments

    New Zealand’s Jacinda Ardern is a global celebrity: a prime minister on parental leave and a social democrat who can actually win elections. But is New Zealand really the left-wing paradise the global left wants it to be?

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 14 May 2018
    4 Comments

    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

    Tax cuts good politics, but not good policy

    • Joe Zabar
    • 12 May 2018
    2 Comments

    The proposed tax cuts will create long-term structural changes to government revenue sources, which may prove to be economic folly in future-proofing Australia against global economic shocks, and in dealing with current unmet needs of poor and vulnerable Australians.

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  • ECONOMICS

    The big, bad business of America's war industry

    • David James
    • 20 April 2018
    6 Comments

    As the West flirts with starting World War III in Syria, it is worth examining some of the financial and business dynamics behind the US 'military industrial complex'. War may not be good business, but it is big business. And in contrast to Russia and China, the industry in the US is heavily privatised, including the use of mercenaries.

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  • ENVIRONMENT

    Another page torn from the glossary of life

    • Fatima Measham
    • 29 March 2018
    10 Comments

    The last male northern white rhinoceros was euthanased in March. With two females still alive, there is hope the subspecies might be saved. The impending loss of an animal that evolved over six million years, and once grazed in hundreds of thousands, is worth noting. There can be room in our hearts to lament.

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  • ECONOMICS

    Dispelling lazy thinking on trade deals

    • David James
    • 20 March 2018
    6 Comments

    The recent furore about Donald Trump's imposing of tariffs on steel, from which Australian companies have been exempted, raises an interesting question about the economics discipline. Which is better, an oxymoron or a tautology?

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  • RELIGION

    Bringing humanity back to the cult of numbers

    • Andrew Hamilton
    • 14 March 2018
    16 Comments

    At the heart of Pythagoras' contribution was wonder at a world in which human intelligence could understand and handle such different phenomena as music, architecture and the stars through mathematics. The cult of numbers in a cruder form remains characteristic of public life today. The most revered numbers are economic.

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