Keywords: Austerity Measures
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ECONOMICS
As the economy becomes more focused on monetary exchange, we overlook underlying realities that are hidden from plain sight. Largely invisible aspects of our economic life such as transactionalisation and industrial efficiency are transforming our society and can shape our future in unexpected ways. So what does this mean for the future of capitalism and our society?
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AUSTRALIA
- Cristy Clark
- 13 July 2021
16 Comments
Although there has been a reasonable level of attention paid to governance issues — such as the incredibly slow vaccine roll out, the ongoing problems with hotel quarantine, and the timing of the lockdown itself — Sydney’s current lockdown has also been marked by an unhelpful focus on individual actions.
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ECONOMICS
To date, most of the Morrison government’s economic packages could best be described as ‘economic welfare’. They are measures designed to limit the impact on the economy of the COVID-19 pandemic. The recovery phase will very much need to be about stimulating the Australian economy.
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INTERNATIONAL
- Daniel Sleiman
- 07 November 2019
3 Comments
Like many Lebanese Australians I've been watching the mass protests in Lebanon with hope and trepidation. Hope that government reforms, or a change of government, will bring about meaningful transformation in economic management, transparency and public services. Fearful because of the possibility of civil war.
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AUSTRALIA
While the current economic climate is cause for concern, it is not the time to panic. A more sensible alternative to austerity is for governments, business, unions and charities to look for ways we can together soften the impact of any global downturn. This will require bipartisan agreement to sacrifice some or all of the budget surplus.
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INTERNATIONAL
- Antonio Castillo
- 29 April 2019
2 Comments
Ecuadoreans have a popular expression, hacer la casita — roughly, 'they deceived us by promising something that was not going to be fulfilled'. This is what most Ecuadoreans are feeling now about president Lenín Moreno following his economic shift to the right, and the withdrawal of the asylum granted to Julian Assange by his predecessor.
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RELIGION
- Vicki Buchanan
- 25 September 2018
76 Comments
Just as prayers and sacrifices did not measure the true holiness of the Pharisees, so too has sexual propriety provided a false measure of closeness to God in the West. If someone has multiple sex partners but is helpful to strangers, are they better or worse than someone who has only slept with their spouse but is racist or unkind?
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ECONOMICS
- David James
- 14 August 2018
6 Comments
Murray and Frijters detail what they call Australia's 'grey corruption': the grubby nexus between 'James' (corrupt business people) and governments or regulators. The Jameses thrive at the expense of the 'Bruces': ordinary working people. The games of the corrupt elite now cost the 'Bruces' about half their wages.
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AUSTRALIA
- Tariro Ndoro
- 07 December 2016
2 Comments
Last week, the much dreaded bond notes were released into the economy, in a move hoped to alleviate the cash crisis. Most citizens are negative about the move, with good reason - the last time Zimbabwe had its own currency was 2009, when inflation was so high the currency had to be dropped to salvage the economy. Most Zimbabweans remember that time well: every other month citizens had to drive to Botswana to put food on the table because the country's own shops were empty.
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INTERNATIONAL
- Fatima Measham
- 01 July 2016
8 Comments
When the democratic exercise is no longer the aggregate of informed, reasoned choices, but a matter of mood, then the business of persuasion - politics - becomes far less about ideas and more about momentary catharsis. This shifts the function of politicians and government, from leading and dispensing equity to masturbatory aid. Even so, there are questions worth asking. But at whose expense are public moods assuaged? After catharsis, what happens next?
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ECONOMICS
Had Greece decided to exit the EU last year the consequences would have been far greater than Brexit, because Greece uses the euro, whereas Britain has the pound. British interest rates are not set in Brussels, they are set by the Bank of England. And it has an independent fiscal and budgetary system, to the extent that it is possible. The British government has been imposing 'austerity' measures because it subscribes to neoliberal orthodoxy, not because it is being told to do so by Brussels or Germany.
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AUSTRALIA
If Australia knows who its enemies are, presumably these putative enemies have a fairly good idea who they are as well. How are they likely to respond to a purchase of submarines? By initiating military countermeasures? By exacting trade sanctions? By diplomatic reprisals? These questions are vital, not just for military planners but also for anyone who is likely to be affected by Australian foreign policy as well as those who want to know more generally how their tax dollars are to be spent.
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