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What does it mean when ideas of scarcity – supposedly the driving principle in understanding supply and demand – are no longer the only or best way to think about economic activity? What is needed to understand the post-industrial environment is a new way of thinking about economics and finance.
Sixty years ago today, on November 22, 1963, the world lost three towering figures of the 20th century. On their diamond jubilee, do I think it was the end of the world as we know it when these three died? Each one shaped the twentieth century in a unique way. Each one left us with much to think about still.
Why does society often overlook the passion, creativity, and dedication that underpin smaller businesses? As the public's perception leans towards the unfavourable side, is there a need to shift our focus and truly acknowledge the value and contributions these businesses make in our daily lives?
Former US Secretary of State Henry Kissinger continues to be a subject of fascination and controversy, with his role in statecraft garnering praise and criticism. Amidst the accolades and accusations, questions of justice and accountability remain as Kissinger reaches his centenary.
Who wields the most power in the world? If one follows the money trail, it becomes clear that Western societies have become ruled by a new type of aristocracy: a management aristocracy.
Liberal democracies seem increasingly threadbare, insufficiently creating just outcomes for vulnerable people. We need a rejuvenation of stable and fair democracies in which integrity and trust are evident. To that end, I suggest we revisit the liberal egalitarianism of 20th century American philosopher John Rawls.
Greatness for the Soviet Union’s last leader, Mikhail Sergeyevich Gorbachev, was not to be found at home. Commentary on his passing is as much a statement of positions, endorsed by admiring beneficiaries, and loathed by those who fell off the train of history. The millions who delighted seeing the collapse of the Soviet Union and, as a result, a power vacuum and weaker Russia, toast him, eyes filled with emotion.
‘We removed him from the mausoleum’, wrote the Soviet poet Yevgeny Yevtushenko. ‘But how do we remove Stalin from Stalin’s heirs?’ The poem was published in 1962 but it’s still a good question. Today one of Stalin’s heirs commands a barbaric war against Ukraine with the enthusiastic cheerleading of another such heir – the leader of the Moscow Patriarchate reestablished by Stalin.
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.
There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.
It is refreshing to find a work that is exploratory and invites its readers into a world more complex than they had imagined. Such a work is a recent book by Peter Dowling, Fatal Contact: How Epidemics Nearly Wiped Out Australia’s First Peoples.