ECONOMICS

Section: ECONOMICS

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  • ECONOMICS

    Australia's deadly game of mates

    • David James
    • 13 August 2018
    6 Comments

    Murray and Frijters detail what they call Australia's 'grey corruption': the grubby nexus between 'James' (corrupt business people) and governments or regulators. The Jameses thrive at the expense of the 'Bruces': ordinary working people. The games of the corrupt elite now cost the 'Bruces' about half their wages.

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  • ECONOMICS

    Trump's trade attack is off track

    • David James
    • 17 July 2018
    2 Comments

    Trump's destruction of the architecture of international trade agreements and reversion to protectionism will expose the complexity of globalisation, but is unlikely to have the effect he is aiming at, which is to bring investment capital, and jobs, back to his country.

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  • ECONOMICS

    Burning down the house of inequality

    • John Falzon
    • 27 June 2018
    7 Comments

    If you accept the tenets of individualism, you are going to struggle to see why we should have anything but the most minimal level of taxation, and you wouldn't hold that taxation should be progressive to be fair. But the reality is that inequality is a political failure; not a personal one.

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  • ECONOMICS

    Devils in budget detail

    • Gabriela D'Souza
    • 16 May 2018
    2 Comments

    There were the stories that didn't get much of a mention in the mainstream press but will net large gains for young people and new entrants to the labour market. Under the budget measure, inactive super accounts with balances of less than $6000 will have a three per cent cap on fees charged. But is this policy quite what it seems?

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 13 May 2018
    4 Comments

    As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.

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  • ECONOMICS

    Tax cuts good politics, but not good policy

    • Joe Zabar
    • 11 May 2018
    2 Comments

    The proposed tax cuts will create long-term structural changes to government revenue sources, which may prove to be economic folly in future-proofing Australia against global economic shocks, and in dealing with current unmet needs of poor and vulnerable Australians.

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  • ECONOMICS

    The big, bad business of America's war industry

    • David James
    • 19 April 2018
    6 Comments

    As the West flirts with starting World War III in Syria, it is worth examining some of the financial and business dynamics behind the US 'military industrial complex'. War may not be good business, but it is big business. And in contrast to Russia and China, the industry in the US is heavily privatised, including the use of mercenaries.

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  • ECONOMICS

    Dispelling lazy thinking on trade deals

    • David James
    • 19 March 2018
    6 Comments

    The recent furore about Donald Trump's imposing of tariffs on steel, from which Australian companies have been exempted, raises an interesting question about the economics discipline. Which is better, an oxymoron or a tautology?

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  • ECONOMICS

    No more free pass for legislators on inequality

    • Joe Zabar
    • 26 February 2018
    4 Comments

    How is it we allow investors to leave units vacant in the Docklands while young people struggle to access housing in Melbourne? We have given legislators a free pass when it comes to economic policies that discriminate against those without means. This creates systemic inequality, and it needs to be addressed urgently.

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  • ECONOMICS

    No economy of exclusion and inequality

    • Joe Zabar
    • 26 February 2018

    '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.

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  • ECONOMICS

    Don't let business mindset stifle the arts

    • David James
    • 19 February 2018
    2 Comments

    The practice of appointing business people to oversee arts bodies is as questionable as referring to the arts as an 'industry'. Business and the arts work on almost diametrically opposed rationales. Understanding this might go a long way towards assessing the art world more intelligently.

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  • ECONOMICS

    Welcome to the Matrix of materialism

    • David James
    • 26 January 2018
    7 Comments

    A visitor from an earlier time would be stunned to see how much we understand the world using monetary measures. Finance has come to be considered the first reality, not defined by, or reflecting, reality. To see how this creates distortions, consider GDP, which is taken to be a reliable measure of national wellbeing, but in fact is anything but.

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