ECONOMICS

Section: ECONOMICS

If there are more than 100 matches, only the first 100 are displayed here.

  • ECONOMICS

    The big, bad business of America's war industry

    • David James
    • 19 April 2018
    5 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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  • 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 more free pass for legislators on inequality

    • Joe Zabar
    • 26 February 2018
    4 Comments

    How is it we allow investors to leave units vacant in the Docklands while young people struggle to access housing in Melbourne? We have given legislators a free pass when it comes to economic policies that discriminate against those without means. This creates systemic inequality, and it needs to be addressed urgently.

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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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  • ECONOMICS

    Don't let business mindset stifle the arts

    • David James
    • 19 February 2018
    2 Comments

    The practice of appointing business people to oversee arts bodies is as questionable as referring to the arts as an 'industry'. Business and the arts work on almost diametrically opposed rationales. Understanding this might go a long way towards assessing the art world more intelligently.

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  • ECONOMICS

    Welcome to the Matrix of materialism

    • David James
    • 26 January 2018
    7 Comments

    A visitor from an earlier time would be stunned to see how much we understand the world using monetary measures. Finance has come to be considered the first reality, not defined by, or reflecting, reality. To see how this creates distortions, consider GDP, which is taken to be a reliable measure of national wellbeing, but in fact is anything but.

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  • ECONOMICS

    Economic doom looms in Oz's game of homes

    • David James
    • 11 December 2017
    1 Comment

    It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.

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  • ECONOMICS

    In the end, debts cannot be paid

    • David James
    • 07 November 2017
    3 Comments

    Once upon a time, usury was considered a sin and lending was subject to strict controls. Now, the world is in the grip of usury. It cannot continue. At some point it will have to be retired, or swapped to equity. A good place to start is third world debt, which is the most immoral variant.

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  • ECONOMICS

    Towards an economy that works for all

    • Frank Brennan
    • 17 October 2017
    10 Comments

    The promise of riches from the trickle-down effect is at best patchy for many Australians, and non-existent for others. Continuing with the same economic and social policy settings will exacerbate the already growing divide between the rich and the poor and eventually damage the economy to such an extent that it has a detrimental effect on everyone.

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  • ECONOMICS

    Access to housing isn't a reward it's a human right

    • Rachel Kurzyp
    • 28 September 2017
    10 Comments

    History tells us that we won't end homelessness in Australia by building more crisis accommodation, and it's clear we can't rely on the private market to fill the growing housing gap. We've known since 1988 that social housing plays a crucial role in reducing homelessness. So what's stopping us from investing in social housing and replicating the success we've seen in countries like Finland?

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  • ECONOMICS

    World trade is now America versus China (and Russia)

    • David James
    • 22 August 2017
    4 Comments

    The anti-Russian frenzy in the United States amounts to little more than a great deal of evidence that the intelligence community suspects there might be a great deal of evidence that the Russians have been meddling. It has to rank as one of the biggest, and most orchestrated, blind alleys of modern media coverage. When a journalist says an anonymous ‘respected source’ thinks the Russians are up to something, this writer is always left wondering: respected by whom? His dog?

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  • ECONOMICS

    Why musicians are the canaries in the coal mine

    • Terry Noone
    • 20 August 2017
    9 Comments

    To get a good idea of where employment practices are headed, a good place to start is the music industry. Musicians have been the canary in the coalmine. The gradual removal of their work place rights, and even basic remuneration, points to what happens when there are no effective constraints on employers’ behaviour. Instead, they are being offered ‘exposure’—and, as one muso quips, ‘you can die of exposure.’

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