Search Results: global economy

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  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 12 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
    • 02 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
    • 05 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
    • 01 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
    • 20 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
    • 13 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
    • 11 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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  • AUSTRALIA

    Gods, emperors and the ritual of federal budgets

    • Andrew Hamilton
    • 11 May 2018
    2 Comments

    On the surface budgets are exercises in financial accountability. At a deeper level they are best understood as a yearly ritual; one of the ways in which rulers acknowledge and try to manipulate truths about state power. We should evaluate these less on their stated intentions but with what the show of competence and generosity reveals.

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  • INTERNATIONAL

    Addressing the democracy deficit

    • Lizzie O'Shea
    • 06 May 2018
    12 Comments

    A common response to voters behaving badly is to call for qualifications on the franchise, such as education, or the outsourcing of public policy decisions to experts. Instead, I'd argue the opposite: the problem is not democracy, it is the deficit. It is not that too many people have a say in how society is run, but rather not enough.

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  • ECONOMICS

    Dispelling lazy thinking on trade deals

    • David James
    • 19 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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  • ECONOMICS

    No economy of exclusion and inequality

    • Joe Zabar
    • 26 February 2018

    'Francis' statement is not one merely for theological or academic contemplation. It is in effect Francis' call to establish a new benchmark for our economy, one where exclusion and inequality are no longer a natural and accepted consequence of its operation.' Director of Economic Policy for Catholic Social Services Australia addresses the CSSA annual conference in Melbourne, February 2018.

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  • ENVIRONMENT

    Bitcoin has a massive energy problem

    • Greg Foyster
    • 18 January 2018
    1 Comment

    The digital currency Bitcoin consumes more electricity per year than New Zealand. Yes, the entire country. Escalating energy intensity is actually a security feature of the currency. With the related carbon dioxide emissions from this escalating electricity consumption, Bitcoin is a formula for climate change catastrophe.

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