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As commodity prices and inflation soar in the ‘real’ world we may be witnessing a prelude to another 2008-style crisis triggered by the foreign exchange markets. The risks certainly look similar and can be described with a simple question. Can the fictions produced by out-of-control financial actors survive reality?
We are now three months into the Ukraine war. From an invasion it has turned into a war of attrition that has cost many lives, displaced civilians, destroyed cities, and led to sanctions and the making of alliances with effects that have spread suffering far beyond Ukraine. In this Roundtable, Andrew Hamilton SJ, David Halliday, Michele Frankeni and Dr Stewart Braun explore the ethics of the war and likely paths to peace.
In our culture, Easter celebrates the benignity of the ordinary. It is a time for getting together with family, for going away to bush or beach, and in southern states a time of mild weather ideal for watching big football matches and other sport. The important question raised now by Easter is whether the meanings of Australian Easter, and indeed those available to our secular society, have the depth needed to handle our present predicaments.
Russia’s invasion of Ukraine has led to severe financial sanctions being imposed on the country that are likely to have lasting consequences. Problem is, they may not be the ones the sanctioners are expecting. They may even come to regret what they have done.
Moscow-based Director of the Russian International Affairs Council (RIAC)Dr Andrei Kortunov warned of its tragic consequences for Russia in an article published four days before the launch of his country’s invasion of Ukraine. The de facto partition of Ukraine, he said, as a result of the Kremlin’s recognition of the independence of the People’s Republics of Donetsk and Luhansk, will signify ‘the final formalisation of the division of Europe’ from which there may be no easy retreat.
Domestic policies are often regarded as more important than foreign affairs and defence policies in influencing Australian election campaigns. But national security campaigns by the government of the day, known as either khaki elections or reds under the beds, have such a long history in Australian federal elections that they challenge the conventional wisdom.
The university campus is really the ideal place to tackle thorny issues. It is a safe place to examine all ideas, even — or perhaps especially — those that people find offensive or disturbing. The sad fact, though, is that there is a push these days to send the opposite message to students — that they should be shielded from intellectual discomfort.
If Australia does draw back from globalisation — as opposed to trade, which will continue — then there should be more focus on our primary sector and how it could be better financed. Australia’s long history as a primary producer constitutes what economists call a ‘comparative advantage’: an economic area in which a country does best while giving up the least.
Aficionados of United Nations Days and Weeks will know that this is the Week of Science and Peace. In the middle of it, perhaps deliberately and certainly paradoxically, sits Remembrance Day. Initially called Armistice Day, it marked the end of the First World War and of the industrial scale killing involved in it. The events of 1918 and what they might say about the relationship between war and science merit reflection today.
Two decades ago, an Indonesian vessel given the name SIEV X sank with loss of life that should have caused a flood of tears and a surge of compassion. Instead of being seen in humanitarian terms, the deaths of 353 people became a form of rich political capital, placed in the bank of opportunism to be amortised at a federal election.
Ben Jonson is one of the great English Renaissance playwrights but he can also be challenging for the modern reader. When I first came to Jonson some years ago, I attempted a comedy from 1610, The Alchemist. I soon felt out of my depth. Conceding defeat, I put the book aside and told myself that there would be some ‘other time’. This year in Melbourne, with the theatres closed, the streets largely deserted, and travel restrictions firmly in place, that ‘other time’ arrived.
The Australian Government’s decision to buy nuclear-powered submarines has brought to the surface once again big questions around how governments should spend money, particularly during a pandemic. The Government has ditched a $90 billion plan for French submarines in favour of even more expensive boats from the United Kingdom or the United States.
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