Search Results: global economic crisis

There are more than 200 results, only the first 200 are displayed here.

  • AUSTRALIA

    Banks remain protected species

    • John Warhurst
    • 04 February 2019
    10 Comments

    Kenneth Hayne's royal commission into the financial sector has named, shamed and excoriated banks, regulators, insurance companies and other financial services businesses to the extent that you would think they are now extremely vulnerable and universally unloved. That would be a mistake.

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  • ECONOMICS

    What are banks for?

    • Colin Long
    • 18 January 2019
    6 Comments

    The opening of the finance sector to scrutiny provides an opportunity to examine its position in the structure of the Australian political-economy, and, most importantly, to make the changes necessary to place it at the service of the people, rather than allowing it to continue to prey on us.

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  • ENVIRONMENT

    The Darling's dead fish of late capitalism

    • Cristy Clark
    • 17 January 2019
    13 Comments

    A key benefit asserted to justify treating water as an economic good is that the market will encourage 'high-value' water use to be prioritised. But, as the fish of the Darling River and the people of Walgett are experiencing, the problem with commodifying water is its social and environment values are not naturally reflected in the market.

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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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  • ECONOMICS

    The shareholders shall inherit the earth

    • David James
    • 08 November 2018
    1 Comment

    So here is a question. Which are you? A customer, a shareholder, a worker, a citizen, or, well, a whole human being? If you answered 'customer' then congratulations, you are in line with contemporary economic orthodoxy, and boy, have we got a society for you. If you answered 'a human being' then that really is a problem, I'm afraid.

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  • ECONOMICS

    Fronts of distortion in the Khashoggi affair

    • Binoy Kampmark
    • 19 October 2018
    4 Comments

    Trump finds facts distasteful and prefers to avoid engaging them; the Kingdom of Saudi Arabia finds them in need of censorship, possibly of the most extreme type; and Turkey, with one of the world's most sullied records in treating journalists, retains a reserve discordant with its own findings.

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  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 13 September 2018
    2 Comments

    It has been a decade since the banking aristocracy Lehman Brothers filed for bankruptcy in what would be the chant of doom that became the Global Financial Crisis. Today, the legacy of Lehman Brothers and the crisis it helped precipitate supply warnings of the next shock.

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  • AUSTRALIA

    A Migrant and Refugee Week stocktake

    • Carolina Gottardo and Nishadh Rego
    • 20 August 2018
    13 Comments

    This remarkable policy of what Dr Eve Lester calls 'planned destitution' combines the most extreme instincts of neoliberal, nationalist and authoritarian thinking. Fundamentally, it derives from the Minister for Home Affairs' far reaching powers to determine the rights and entitlements of non-citizens such as people seeking asylum.

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  • ENVIRONMENT

    Laying waste to waste

    • Cristy Clark
    • 02 August 2018
    2 Comments

    It is all too easy to make daily choices that negatively affect the environment, and there are many incentives for us to do so — cost, time, social norms. This is where policies like plastic bag bans come in — they change the incentives and not only help us to do the right thing but also to normalise it within our culture.

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  • INTERNATIONAL

    Redrawing the lines of Nicaragua solidarity

    • Ann Deslandes
    • 25 July 2018
    5 Comments

    In the 1980s, the international solidarity movement for Nicaragua had thousands of supporters, including many in Australia. The nation was undergoing severe repression at the hands of dictator Anastasio Somoza. Fast-forward 30 years and a Nicaraguan rebel movement is again calling for international solidarity.

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  • ECONOMICS

    Trump's trade attack is off track

    • David James
    • 18 July 2018
    2 Comments

    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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  • ENVIRONMENT

    The fight to make water a human right

    • Cristy Clark
    • 03 May 2018
    2 Comments

    In 2010, the UN General Assembly and Human Rights Council recognised a human right to water, guaranteeing access for everyone to 'sufficient, safe, acceptable, physically accessible and affordable water for personal and domestic uses'. Eight years on, it is past time that Australia incorporated this right into domestic law.

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