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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.
A robust human rights framework would hold government to account in its own deployment of technology such as 'robodebt'. It would also provide protections against the government's increasing attempts to control data through legislation — where data is collected and deployed using diverse technologies.
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.
Perhaps we couldn't care less about what happens to an au pair or the person who let her in. But to know that there is rot in the ceiling — embodied in relationships of mutual benefit between those in office and those with money — and still be fine retiring to bed underneath, does not really bode well for anyone.
New Zealand’s Jacinda Ardern is a global celebrity: a prime minister on parental leave and a social democrat who can actually win elections. But is New Zealand really the left-wing paradise the global left wants it to be?
The Vatican has launched a stringent critique of abuses in global economies, abuses that are driving astonishing inequality and threatening ecological sustainability. 'Oeconomicae et pecuniariae questiones' reiterates the call for an urgent dialogue between politics and economics to advance human life and wellbeing.
China and India are rising global powers, thanks to a burgeoning middle class, huge export markets and military might. So why wouldn't they take the western retreat from the Pacific as an invitation to dance? But their support comes with a crippling debt levels and the potential for a favour to be called in down the line.
I was in Sydney recently, and within less than an hour of my arrival of the airport, I was thrust into a conversation about how completely unaffordable the city was becoming. 'Bonkers' was the general consensus. But how did it get this bad and what can be done to repair the current state of affairs?
'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.
Dissatisfaction and concern about falling living standards for future generations is leading to longstanding policy assumptions being rethought. Nothing symbolises this more than tertiary education. Across the world, a decades-long trend towards user-paysis now being reversed. It is time for Australia to follow suit.
The ogre in the book is John Howard, whom Rudd holds personally responsible for the attacks on Therese's decency and integrity in the lead up to the 2007 election. Rudd contends this 'cowardly behaviour' should not be forgotten, 'If only because this same ruthlessness remains a core part of the conservative DNA to this day'.
The Federal Government's recent announcement that Serco will be delivering some of the income support system, Centrelink, is another blow to core public services that serve some of the most disadvantaged Australians. No one should make a profit out of people being poor.
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