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Earlier this year, Turnbull made a speech in London where he called for the Liberal Party to return to its ideological base as laid out by Sir Robert Menzies. Turnbull suggested that the Liberal Party under Menzies was the socially conservative party that many on the LNP's right wish it to be, but it seems that what the Liberals have taken from the Menzies era is a revival of anti-communist rhetoric.
The daily fluctuations of financial markets and the fractious debates over economic policy are concealing something deeper and much more disturbing. The future of money itself is in question. A decade after world banking almost collapsed in the global financial crisis, the questions raised have not been answered.
It can be disconcerting to hear our family history told by a sympathetic outsider. I found Race Matthews' new book that treats Catholic engagement in public social issues fascinating in that respect. Matthews' perspective is that of a member of the Labor Party who admires Catholic Social Teaching, especially its commendation of the communal ownership of business enterprises. He sees the possibilities this presents for the reform of Australian society, particularly if adopted by the Labor Party.
The presidency of Donald Trump should bring a renewed focus on the dangers of unbridled capitalism. The Catholic Church has a rich trove of teachings on the subject that have been missing in action for the past 30 years. Now is the time for a well-articulated Christian message addressing such issues as widening wealth inequality fuelled by stagnant wage growth, the privatisation of public services, the financialisation of the economy (which fuels both of those trends), and tax justice.
To be in the running for a scholarship, a student must have had their abilities or potential acknowledged and rewarded within an ideological education system. Where the money comes from - and whom it is given to - informs what kinds of artwork thrives. As Didier Eribon says, 'art, culture and education are part of the mechanisms of differentiation between social classes'. And the institutional frameworks underpinning the production of artwork can lead to pernicious political outcomes.
Trump's phone call with Tsai Ing-wen is to diplomacy what Happy Gilmore's slap shot was to the Pro Golf Tour. It defies all convention, is appallingly out of context, and should not even work, but it might just augur a new way of doing things. That conversation disrupted previous norms, some of which resulted from decades of delicate, often secret, negotiations. In the midst of the confected outrage it is worth considering the event within the context of contemporary US-China relations.
'No matter what the economic, political and legal problems confronted by modern day India, our response can be improved by an application of the key principles and norms developed in the international law of trade and human rights, helping to enunciate the realm of law, regulation and political accountability, enhancing public scrutiny providing the right environment for doing business.' Frank Brennan presents the 25th JRD Tata Oration, Xavier School of Management, Jamshedpur, India, 26 November 2016.
When surveying one's world it is always dangerous to forget the past. Australian historian John Molony's recent book about Italian priest and politician Luigi Sturzo is an accounting, showing how easily democracy, freedom and respect for human rights can be surrendered both by politicians and by the Catholic Church. It invites reflection on our situation today. The Italy in which Mussolini came to power and in which Sturzo operated has haunting similarities to today's world.
Hailing from Argentina, Francis puts his trust neither in ideological Communism nor in unbridled capitalism. We need to enhance international security, building the rule of law within multilateral organisations, and fostering the climate for investment sensitive to the triple bottom line - economic, social and environmental. I return from Rome grateful that we have a pope prepared to open these questions, accompanied by senior prelates happy to mix it with business and community leaders.
Low interest rates tend to change the understanding of risk; having high debt seems to be less of a problem because the cost of servicing it is lower. This cavalier attitude has been especially evident in Australian households, which have racked up more debt relative to the size of the economy than any other country in the world. The massive appetite for debt has been replicated across the globe. The world may have survived the era of casino money - just - but it is now facing another crisis.
In journalism, 'he said, she said' often functions as an evasion. Reporters' loyalty should be to accuracy, which isn't about compromise between extremes. When denialists and climate scientists take diametrically opposed stances, the truth doesn't lie somewhere in the middle. Sometimes, one side's right and the other's just wrong. The same can be said of reporting about the rightwing United Patriots Front. While they deny being fascists, that's what they are, and that's what we should call them.
The US unipolar moment is ending. Real multipolarity is upon us, with Russia, China, India, Brazil, South Africa and Iran testing new multipolar arrangements for sharing world power. The US fears these changes, and would prefer to corral everybody back into the familiar bipolar camps of the past. This would be a disaster. Australia will benefit from a stable rules-based multipolar world, and our foreign policy can help build it. But we are going to have to take a few calculated risks along the way.