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Keywords: Deregulation

  • ECONOMICS

    Serfs sucked dry in the kingdom of banks

    • David James
    • 18 April 2016
    11 Comments

    Three finance-related events are currently gaining great attention in the media. One is the so-called Panama Papers. Another is the proposal to have a royal commission into the banks. And a third is the furore over the unaffordability of homes and the debate over negative gearing. On the surface they would seem to be quite separate issues. But all three issues demonstrate yet again that banks are, if not the most malign organisations on the planet, then certainly among the most dangerous.

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  • ECONOMICS

    New app will breed capitalists, and that might be a good thing

    • Lucas Smith
    • 14 August 2015
    4 Comments

    G. K. Chesterton said that 'too much capitalism does not mean too many capitalists, but too few capitalists'. In our young century, we have lost capitalists, and wealth has coagulated to a seemingly smaller and smaller number of financiers, oligarchs and corporations. The stock market is where entrenched wealth is kept and made. An industry-shattering share-trading app is set to help deepen our pool of capitalists.

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  • AUSTRALIA

    Neoliberal economics can't care for the disadvantaged

    • Paul Jensen
    • 22 May 2015
    9 Comments

    Neoliberal economics underlies the recent Federal Budget and the major parties’ welfare policies. It proclaims the end of the age of entitlement and speaks of small government, as it embraces the privatisation of 'service delivery'. Faith based organisations are involved as agencies of the government, often forced to impose punitive measures rather than the promise of the 'carrot' that is their purpose. 

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  • EDUCATION

    Return to higher education elitism

    • Bill Uren
    • 23 January 2015
    16 Comments

    We can sympathise with the university Vice-Chancellors who support fee deregulation. Over many years Government financial support for higher education has been eroded in real terms, and maintaining international rankings depends upon deregulation. But do we want the major metropolitan universities to return to the financial exclusivity that characterised the early history of Australian tertiary education?

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  • ECONOMICS

    Hapless Joe Hockey

    • David James
    • 10 December 2014
    12 Comments

    One of the fascinating aspects of Australia's political pantomime is the manner in which the Federal Treasurer is forced to metamorphose into a used car salesman who is spruiking the Australian economy. One reason for the relative impotence of the Treasurer is that the Federal government only has control over fiscal policy. Monetary policy, the interest rate, is set by the Reserve Bank, not the government.

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  • AUSTRALIA

    The Americanisation of Australia's universities

    • Sarah Klenbort
    • 10 November 2014
    23 Comments

    The US, whose citizens owe more on student loans than they do on credit cards, is the land of deregulation. Australia’s Education Minister Christopher Pyne has the support of university management in his desire to see Australia to follow the US path. But it is clear to lecturers, tutors and researchers that this will only create more inequality, mainly by forcing people without money to either miss out all together on higher education or go into a huge amount of debt.

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  • AUSTRALIA

    Turning off the lights on Australian research

    • Tseen Khoo
    • 09 September 2014
    4 Comments

    The research sector in Australia is increasingly one marked by casualisation and disappearing career paths. The depressed nature of working in this environment means that the very people who we'd want to solve our society's most crucial, pressing issues are the ones who will be looking elsewhere to establish their careers. How do we equip our community with better ways to live, work and connect without research? Where will answers to persistent problems come from?

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  • EDUCATION

    More to tertiary education shake-up than $100,000 degrees

    • Neil Ormerod
    • 25 July 2014
    3 Comments

    Christopher Pyne's proposed changes to tertiary education place many theological providers in an interesting situation. We have seen a number of theological colleges enter into relationships with universities to assist with their financial bottom line, in the face of falling support from their church constituencies. If private providers are to receive government funding directly, we could see some of these arrangements begin to fall apart.

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  • EDUCATION

    Harvard professor defies Australian class warfare

    • Catherine Marshall
    • 27 June 2014
    13 Comments

    Amidst a whirl of media interviews and meetings, David Sinclair, professor of genetics at Harvard University and one of Time magazine's 100 most influential people in the world for 2014, paid a visit to his alma mater: a state school in suburban Sydney. State schools aren't the repositories of children too impoverished or unintelligent for the alternative; they're the living manifestation of democracy, egalitarianism, multiculturalism and ecumenism.

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  • INTERNATIONAL

    China syndrome haunts Abbott's Japanese jaunt

    • Walter Hamilton
    • 09 April 2014
    3 Comments

    The two powers in Asia on whom our economy and security depend, Japan and China, have reached an impasse. That should not constrain Australia from reaching out to both on the basis of mutual interest and shared values. China has a keen appreciation of the former and an abiding suspicion of appeals to the latter. Distinguishing one from the other and acting accordingly is the first great test of Abbott's statecraft.

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  • ECONOMICS

    Financial advisers can be more than bookies

    • David James
    • 26 March 2014
    6 Comments

    Removing the requirement that financial advisers act in the best interest of their clients will reveal financial advisers for what they really are: salespeople for the banks' wealth management platforms. Tony Abbott argues that the changes will remove 'red tape' and declaimed: 'We're creating the biggest bonfire of regulations in our country's history.' This is a duplicitous use of language that misunderstands how the finance sector works.

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  • ECONOMICS

    Unwinding the Coalition's economic pantomime

    • David James
    • 12 March 2014
    10 Comments

    Economics is full of circular arguments. The Government is on the one hand arguing — most notably with the SPC Ardmona case, the exit of the car manufacturers and Qantas — that it will not get involved in supporting Australia's industry base. But then it argues that its policies will boost Australia's industry base. Lower unemployment will inevitably follow. For the first time ever it is apparently possible to have it both ways.

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