Search Results: ponzi

  • AUSTRALIA

    The unique labour conditions of millennials

    • Sonia Nair
    • 28 November 2016
    11 Comments

    Belonging to a generation where I was constantly told I could do anything I set my mind to, I was carted off to every class imaginable as a young child - art class, violin class, music theory class, English literature tutoring and so forth. But the advent of unparalleled choices that was constantly peddled to me did not coincide with an increase in the spaces that are available for young people to excel, or much less be employed, in the fields of their choice.

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  • ECONOMICS

    Serfs sucked dry in the kingdom of banks

    • David James
    • 18 April 2016
    11 Comments

    Three finance-related events are currently gaining great attention in the media. One is the so-called Panama Papers. Another is the proposal to have a royal commission into the banks. And a third is the furore over the unaffordability of homes and the debate over negative gearing. On the surface they would seem to be quite separate issues. But all three issues demonstrate yet again that banks are, if not the most malign organisations on the planet, then certainly among the most dangerous.

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  • ECONOMICS

    Why the rich are getting richer

    • David James
    • 19 November 2014
    6 Comments

    Investing capital in the production of goods and services may create jobs, but it's not the best way to make money. It's more profitable to manipulate the financial system to create more money from money, which is why the finance sector does so well. The polarisation of wealth is less extreme in Australia, but we have our own capital-driven Ponzi scheme - the residential property market, which has become an exercise in making money out of money. 

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  • ECONOMICS

    Mum and dad investors cop economic tough love

    • Catherina Toh
    • 03 August 2009
    8 Comments

    An ethos of tough love balks at taxpayer subsidies for anyone foolish or unlucky enough to make the wrong investment decision. In Australia we prefer to see people as victims and expect the government to clean up the mess.

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