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Anchored in the treachery of sand, wearing waves until the snip of a certain comber shreds them landward. They call this weed. There are people here too busy in their pleasure. They stare further out across the stolid hungers of tankers queued to feed national necessity, rapacity.
Beyond sunlit planes of sea and sand/Like the shade on my front lawn/Nightshadow creeps over continents/Cities light up in glowing clusters/While the deserts hide their campfires.
I’d never heard of McKenzie Funk until I came across his marvellous review essay, 'Smoked Out'. I eagerly read on beyond the genial opening paragraphs and almost immediately, I found myself on familiar, if deadly, ground.
A shift is afoot in the west's financial markets that represents the most important economic change since the emergence of the new financial instruments in the 1990s that ultimately led to the global financial crisis. It is likely to result in a new way of thinking about money, which will change the substructure of developed economies.
With blazes nearby, TV news bars well on fire, we human animals are panicked, feel the shudder of rotors above our roofs. Very soon thirsty helitankers will thunder down to drink from our neighbourhood lake. May we remember tomorrow, nothing will be more worried than pelicans in broken reeds, the night heron in its naked tree.
In light of the banking royal commission and the government's work in developing a plethora of transparency and integrity measures, it beggars belief how Brian Hartzer and Angus Taylor could bring upon themselves and their respective institutions so much unwanted publicity.
At the next global financial crisis, when questions about what we want our monetary system to do for us become a matter of survival, why not devise a transactional system that is not just geared towards the consumption of goods and services, but involves monetary exchanges for social goods, such as sustainable production, or civic benefit?
Dad is out watering the garden, but all the front windows are open, so he can hear the piano and his wife and two daughters singing. He often hums along to our repertoire, which is a mixture of Anglo-Celtic songs, Australian numbers — and, memorably, 'Lead, Kindly Light', written by the recently canonised St John Henry Newman.
Anyone interested in social justice knows that structures and systems can bolster the worst tendencies of human nature, can incubate 'social sin'. Korean friends, when asked if they live in fear of North Korea, almost always tell me 'we fear America more'. To me that seemed a bit of an overstatement. Now I understand their response.
Recognising that financial systems are a human creation rather than natural systems governed by 'capital flows' would be an important step to conceiving a more robust and equitable system. To ask what kind of society we want and only then work out what we want money to do for us is to put the horse back in front of the cart.
Treasurer Josh Frydenberg's attack on banks for failing to pass on the full rate cut to consumers is a political distraction. There are two clear signals coming out of the latest cut. First, monetary policy is not enough to spark a revival of the economy. Second, it's now all about jobs. Frydenberg and his officials would be wise to heed these signals.