Search Results: global economy

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

  • ECONOMICS

    What are banks for?

    • Colin Long
    • 18 January 2019
    5 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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  • 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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  • 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

    Common good key to reversing trust deficit

    • Joe Zabar
    • 26 November 2018
    7 Comments

    Whenever institutional interests are put ahead of the legitimate concerns of others, including the poor and marginalised, there develops a trust deficit. This deficit is gripping institutions here and overseas. Its impact is deep and destructive. Facets of Catholic Social Teaching point the way to reversing the downward trend.

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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

    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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  • ECONOMICS

    Where the west will rest in new economic order

    • David James
    • 03 September 2018
    7 Comments

    The corporations have had it their own way for most of this century but two recent events have startled them. One is the election of a US president who says he is an economic nationalist. The other was Brexit. The battle lines have been drawn between a unipolar, American dominated world and a multipolar world.

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  • AUSTRALIA

    Migration compact will benefit Australia

    • Carolina Gottardo
    • 06 August 2018
    14 Comments

    The adoption of the GCM should not be politicised as it is a non-binding framework that benefits our country, the international community and migrants. Migration is a global phenomenon, not a situation that single countries can deal with in isolation. Australia has nothing to lose and much to gain from adopting the Compact.

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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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  • INTERNATIONAL

    Karl Marx would find no home in modern China

    • Mark Hearn
    • 21 May 2018
    15 Comments

    On recent the bicentenary of Marx's birth, Chinese President Xi Jinping declared that the Communist Party 'has combined the fundamental principles of Marxism with the reality of China's reform and opening up'. In reality China's economic system bears no resemblance to the revolutionary overthrow of capitalism advocated by Marx.

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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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