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Keywords: Gfc

  • ECONOMICS

    Rising interest rates point to a larger problem

    • David James
    • 28 June 2022
    1 Comment

    The question that should be posed is how effective has the Reserve Bank been at ‘managing’ the economy and financial system? ‘Not very’, has to be the answer. Not that the RBA is alone. The same pattern has been seen across the developed world. Central banks have one weapon at their disposal, the cost of money (the interest rate), and there is not much evidence they have used this tool to make their systems sustainable. Mostly, they have made matters worse. 

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  • AUSTRALIA

    We need a robust democracy now more than ever

    • John Warhurst
    • 23 March 2020
    20 Comments

    COVID-19 brings many tests. Amid the health, economic and financial crises brought about by the pandemic, our greatest test is to conduct ourselves as a robust democracy and to demonstrate that we are a fair society. Neither test will be easy to pass, but we must aim to emerge at the other end as a better society.

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  • RELIGION

    Dawkins delusion: the legacy of New Atheism

    • Tim Robertson
    • 27 February 2020
    16 Comments

    Contrary to their claims, the New Atheists do have a creation myth. It goes something like this: emerging from darkness into the light, Enlightenment thinkers cast off the shackles of religion and, in so doing, ushered in an age of reason. For the likes of Richard Dawkins, a founding member of the movement, this is an article of faith, and he’s spent recent years casting himself not just as an heir of this tradition, but also as its modern day guardian.

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  • ECONOMICS

    How climate change is remaking finance

    • David James
    • 04 February 2020
    3 Comments

    A shift is afoot in the west's financial markets that represents the most important economic change since the emergence of the new financial instruments in the 1990s that ultimately led to the global financial crisis. It is likely to result in a new way of thinking about money, which will change the substructure of developed economies.

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  • ECONOMICS

    Ways out of the capitalist rabbit hole

    • David James
    • 21 October 2019
    5 Comments

    Recognising that financial systems are a human creation rather than natural systems governed by 'capital flows' would be an important step to conceiving a more robust and equitable system. To ask what kind of society we want and only then work out what we want money to do for us is to put the horse back in front of the cart.

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  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 13 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

    Australia's deadly game of mates

    • 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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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 14 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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  • ARTS AND CULTURE

    Lady Bird's riposte to Hollywood sexism

    • Tim Kroenert
    • 28 February 2018
    8 Comments

    That Hollywood has a gender equality problem is not in doubt. The conversations around what constitutes assault and harassment, and about how Hollywood culture reflects and reinforces equality in society at large, is vital, and sophisticated. The standard of what we should expect is being constantly raised. It should be.

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  • ECONOMICS

    No economy of exclusion and inequality

    • Joe Zabar
    • 27 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

    Economic doom looms in Oz's game of homes

    • David James
    • 12 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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  • PODCAST

    ChatterSquare: Osmond Chiu on navigating post-GFC polarisation

    • Podcast
    • 18 July 2017

    When UK Labor leader Jeremy Corbyn appeared to some acclaim at Glastonbury Festival, it triggered some amount of pining in Australia. Why do we not have someone like that? With Osmond Chiu, the Secretary of the NSW Fabians and Deputy Editor of Challenge magazine, we unpack what this sentiment is about and whether it gets to the heart of what is wrong with our current politics.

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