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Keywords: Debt

  • ECONOMICS

    Why corporatism, not capitalism, is the root of social harm

    • David James
    • 06 July 2021
    16 Comments

    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.

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  • AUSTRALIA

    The inhumane logic of Australia’s refugee deterrence policy

    • Andrew Hamilton
    • 24 June 2021
    32 Comments

    Deterrence has an inner logic that we can see in Australian treatment of people who seek protection. In the first place it tends to become increasingly brutal. Each breach of policy must be met with a more effective deterrent.

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  • ECONOMICS

    We need to rebuild our social foundations

    • John Falzon
    • 15 June 2021
    4 Comments

    Our economy is 1.1 per cent larger than a year ago. Yet, as the situation in Victoria reminded us, none of us are safe unless all of us are safe. And we cannot be safe while work remains increasingly insecure, while social security payments are inadequate and while our public infrastructure is found wanting.

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  • AUSTRALIA

    Recognising the human value of work

    • Andrew Hamilton
    • 10 June 2021
    9 Comments

    In Victoria the latest lockdown has prompted fresh questioning of the business-as-before approach to life after COVID-19. In particular it urges renewed reflection on the connection between the remuneration of work and its importance to society.

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  • ECONOMICS

    Teetering on the financial brink

    • David James
    • 08 June 2021
    4 Comments

    An often overlooked fact about the financial system is that it entirely depends on trust. When trust starts to evaporate, especially between the big players such as banks and insurance companies, the whole artifice is put into peril. Trust in the system is now at an extreme low and that points to extreme danger.

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  • ECONOMICS

    The economy is never as good as it looks and never as bad as it seems

    • David James
    • 04 May 2021
    2 Comments

    But although the Coalition will never admit it, it looks suspiciously like there has been some bipartisan institutional learning about how to manage financial crises. If you want to stimulate an economy in times of crisis put the money directly into the economy, either into people’s pockets or to businesses who then pass it on to workers.

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  • INTERNATIONAL

    Fragile fraternity a hundred years on from Black Friday

    • Andrew Hamilton
    • 15 April 2021
    4 Comments

    The parallels with our own times of the events of Black Friday in 1921, with its movement from a time of heavy social spending and the flowering of social capital to a time of recovery, and the fateful choices that are made at such times, are evident. We await the results of the economic choices being made by government and their effects on community and solidarity.

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  • AUSTRALIA

    Property has a social license, too

    • Andrew Hamilton
    • 25 February 2021
    16 Comments

    Discussion of housing usually focuses exclusively on its relationship to the economy. Housing is seen as property, and the most important questions are seen as having to do with buying and selling. This transactional aspect is important. It needs, however, to be seen in the light of the larger human good. From that perspective housing in all the various forms it takes in different cultures is not a possession but a human need.

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  • ECONOMICS

    Finance needs common sense, not cleverness

    • David James
    • 10 December 2020
    1 Comment

    The world’s financial markets are afflicted by a deep irrationality that imperils their very existence. On the surface, finance looks logical enough with its numbers, charts, mathematics, forecasts, ‘modelling’ and so on. But this only masks the fact that the system itself has been working on underlying assumptions that are either contradictory — such as that you can ‘deregulate’ finance when finance consists of rules — narrow minded or absurd.

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  • CARTOON

    The unhelping hand

    • Fiona Katauskas
    • 24 November 2020

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  • INTERNATIONAL

    Biden's middle class in a divided America

    • Andrew Hamilton
    • 19 November 2020
    9 Comments

    The priority given to the middle class was not new — Biden stressed it in speeches through the primaries and again as a candidate. And it is no doubt important. But when seen in the light of the passionate polarisation of the campaign, the closeness of the results, and the continuing mutual antipathy of the supporters of each party, rebuilding the middle class seems an unlikely source of healing.

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  • CARTOON

    Algorithm and blues

    • Fiona Katauskas
    • 17 November 2020
    1 Comment

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