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There is a great deal of commentary about the growing importance of artificial intelligence, or AI, especially in business circles. To some extent this is a self-fulfilling prophecy — if people think something will have a seminal effect then it probably will. But if the supposed commercial benefits are significant, the dangers are potentially enormous.
What the failed attempt to crush Russia’s economy has revealed is that America’s and Europe’s dominance of the global financial system is something of an illusion; more like money changing hands in a giant casino rather than actual wealth.
Filep Karma was found dead on a beach on 1 November, 2022. He was a respected and long-time activist for Papuan freedom. He was jailed in July 1998 and then released after eighteen months. In December 2004 he was again arrested and charged, being sentenced to fifteen years in prison. His crimes? Repeatedly raising the Morning Star flag.
LIV Golf chief executive officer Greg Norman, financed by the pockets of the House of Saud via Saudi Arabia’s sovereign wealth fund, continues the corporate march across the putting greens of the planet. Complementing the Saudi Kingdom’s funding, South Australia's Major Events Fund is contributing $40 million and in doing so, Premier Malinauskas has linked his government with a regime with a notorious human rights record.
When we talk about ‘the economy’, we assume there’s only one worth knowing about: the market economy. That’s why we speak about the economy and GDP in the same breath: we treat the sum of goods and services produced and sold — and the profits we hope they’ll add to the bottom line — as our measure of the health of the nation. Which would be fine if the market economy was the only one that existed.
Despite rising interest rates and the recent dip in property values, Australia’s housing situation places it among the least affordable property market in the world. With a rise in homelessness and younger Australians locked out of an inflated housing market, what is the way forward for Australia?
Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it.
How much financial strain can a system tolerate? With families simultaneously staring down the four horsemen of wage stagnation, higher prices of goods, higher bills, and higher mortgage repayments, something’s got to give.
Reflecting on the value of newspaper commentary on public life prompts self-reflection concerning the quality of what we columnists write and what we hope to achieve through our work. The ephemeral quality of a column suggests how important it is for us not simply to react to the news but to ask what lies beneath it.
The campaign against global warming has been heating up, and the latest protests have focused on works of art. Like the burning of books, assaults on paintings seemed to express contempt for human culture at its noblest. But as more details became public, the reality seemed more complex.
Who wields the most power in the world? If one follows the money trail, it becomes clear that Western societies have become ruled by a new type of aristocracy: a management aristocracy.
Liberal democracies seem increasingly threadbare, insufficiently creating just outcomes for vulnerable people. We need a rejuvenation of stable and fair democracies in which integrity and trust are evident. To that end, I suggest we revisit the liberal egalitarianism of 20th century American philosopher John Rawls.
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