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  • ECONOMICS

    The true lesson of capitalism

    • David James
    • 15 January 2019
    1 Comment

    One of the most basic distinctions in finance, with which any stockbroker or fund manager is familiar, is that between equity and debt. As the global economy teeters on the edge of a debt and banking crisis, with global debt more than 300 per cent of global GDP, the merits of equity is something that needs to be better understood.

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  • AUSTRALIA

    Christmas Raffle 2018 winners

    • Staff
    • 07 December 2018

    The Society of Jesus in Victoria, Jesuit Communications Christmas Raffle 2018. Drawn on Thursday 6 December, 2018 (Permit No 10535/18 issued 17 September 2018). Congratulations to the winners: 1st prize: P McCorley, QLD; 2nd prize: C McCaffrey, NSW; 3rd prize: R Curnow, NSW: 4th prize: H Durick, NSW. All winners have been notified directly.

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  • ECONOMICS

    Compound interest is the root of banks' evil

    • David James
    • 04 December 2018
    7 Comments

    The problem goes much deeper than a few crooked operatives and it will not be fixed by changing the corporate 'culture'. The fundamental evil is the arithmetic of compound interest. Interest on debt rises exponentially, while economic activity is linear. That means that sooner or later those in a weaker position are unable to pay.

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  • ARTS AND CULTURE

    Visiting a different universe

    • Na'ama Carlin
    • 13 November 2018
    12 Comments

    It is difficult for us to consider the experiences of others; our worlds a bubble reflecting our movements, our desires. One Saturday, I entered the world of another. Here, I invite you to do the same.

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  • ECONOMICS

    The shareholders shall inherit the earth

    • David James
    • 08 November 2018
    1 Comment

    So here is a question. Which are you? A customer, a shareholder, a worker, a citizen, or, well, a whole human being? If you answered 'customer' then congratulations, you are in line with contemporary economic orthodoxy, and boy, have we got a society for you. If you answered 'a human being' then that really is a problem, I'm afraid.

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  • ECONOMICS

    Trump's thuggery is changing world finance

    • David James
    • 05 October 2018
    5 Comments

    That Trump is a narcissistic braggart was never in doubt. The more intriguing question was always how a businessman would behave once he became president. His administration sees business-style standover tactics as a thoroughly good option. The system-wide shifts that are resulting may have a lasting impact.

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  • AUSTRALIA

    RUOK? won't fill mental health care gaps

    • James O'Brien
    • 12 September 2018
    1 Comment

    When we commit to asking friends, family, and coworkers about their wellbeing, we affirm that their safety matters, and their life is of value. This same ethic of care calls on the governments provide community supports which send a signal: every single life can get better.

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  • ECONOMICS

    Where the west will rest in new economic order

    • David James
    • 03 September 2018
    7 Comments

    The corporations have had it their own way for most of this century but two recent events have startled them. One is the election of a US president who says he is an economic nationalist. The other was Brexit. The battle lines have been drawn between a unipolar, American dominated world and a multipolar world.

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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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  • AUSTRALIA

    When healthcare is a remedy for cruelty

    • Sheila Ngoc Pham
    • 30 July 2018
    3 Comments

    Australia's healthcare system reflects some of our best values, which surely demands we think about how we can make it work better. We need to ensure care is extended beyond our immediate communities, because we're all interconnected — including asylum seekers on Manus and Nauru.

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  • ECONOMICS

    Trump's trade attack is off track

    • David James
    • 18 July 2018
    2 Comments

    Trump's destruction of the architecture of international trade agreements and reversion to protectionism will expose the complexity of globalisation, but is unlikely to have the effect he is aiming at, which is to bring investment capital, and jobs, back to his country.

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  • EDUCATION

    Academics tangle with managerial oppressors

    • David James
    • 14 June 2018
    15 Comments

    The imposition of 'managerialism' or 'marketisation' on universities is disastrous. So why are academics so passive when their working lives are being immiserated by the imposition of ideas, mostly derived from business or economics, that are either patently false or poor?

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