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Keywords: Economics

  • INTERNATIONAL

    The twilight of Western dominance in a world split in two

    • David James
    • 13 December 2023
    1 Comment

    As the world thawed post-Cold War, a debate raged over global supremacy, with Western powers predicting a unipolar world dominated by liberal democracy. Contrarily, others envisioned a future shaped by cultural and religious divides. In a shifting geopolitical landscape, the echoes of this debate continue to challenge long-held assumptions on global power dynamics.

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  • ENVIRONMENT

    How do we talk about the cost of net-zero?

    • Anthony N Castle
    • 28 November 2023
    1 Comment

    There is an economic case for acting on the climate crisis but the economics can be a distraction unless we start the conversation at the right place: the environment. A heating climate will cost us trillions. If we don’t act at all, it will cost us everything.

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  • ECONOMICS

    Forgive us our debts

    • David James
    • 23 November 2023

    If money is just a set of rules, we need to ask, how can these rules best serve society and not cause crises? We know, after thousands of years of evidence, that the debt-based system of money eventually self-destructs, and this time, the effects are likely to be felt around the world. 

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  • ECONOMICS

    What happened to the great reset?

    • David James
    • 10 October 2023
    1 Comment

    As Western economies grapple with soaring inflation rates, the once steady financial landscape is shifting, revealing looming challenges beneath mounting global debt. Amid 'Great Reset' calls, many face an uncertain future where the true cost of living is set to be redefined.

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  • AUSTRALIA

    Who pays the price? Australia's inflation challenge

    • Joe Zabar
    • 28 June 2023
    3 Comments

    As Australian households grapple with soaring living costs and rising inflation, many are questioning the efficacy of the RBA's interest rate strategy, making the case for comprehensive government intervention to right the economic course.

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  • RELIGION

    The Pope's economist: Mariana Mazzucato's plan to revitalize the global economy

    • Bruce Duncan
    • 01 June 2023
    2 Comments

    Prominent figures such as Australia's Treasurer Jim Chalmers and Pope Francis are turning to economist Mariana Mazzucato for insights on reforming the neoliberal capitalist system. Her vision for an equitable and sustainable global economy, aligned with the UN Sustainable Development Goals, is influencing key discussions on economic fairness worldwide.

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  • INTERNATIONAL

    The failure of an idea: The Russian sanctions regime

    • Binoy Kampmark
    • 22 March 2023
    3 Comments

    Any sanctions regime produces uneven effects. Economic sanctions imposed on Russia are not only unlikely to end the conflict in Ukraine, but they are having unintended consequences, encouraging Moscow to be more resourceful and leading to a shift in global energy markets. 

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  • ECONOMICS

    Ballooning risks of finance fictions

    • David James
    • 14 March 2023

    Was Russia's removal from the SWIFT system the moment when the global financial system detached itself from reality? The financial system is at risk from unpayable debt and the delusion that money can be created out of money itself, and wider trust underpinning finance is steadily evaporating.

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  • ECONOMICS

    Daring to intrude in the dismal science

    • Andrew Hamilton
    • 02 March 2023
    3 Comments

    As politicians and economists search for a simple solution to inflation, high debt, and rising interest rates, Australia's inequality has become a defining feature of its economy. As the fear of unintended consequences and the power of vested interests loom large, incremental reform may be the only way to reduce inequality and serve the common good.

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  • ECONOMICS

    Russia sanctions reveal growing split in the global financial system

    • David James
    • 14 December 2022

    What the failed attempt to crush Russia’s economy has revealed is that America’s and Europe’s dominance of the global financial system is something of an illusion; more like money changing hands in a giant casino rather than actual wealth. 

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  • ECONOMICS

    In finance, story matters most

    • David James
    • 16 November 2022
    1 Comment

    Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it. 

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  • AUSTRALIA

    Matters of interest

    • David Halliday
    • 14 November 2022

    How much financial strain can a system tolerate? With families simultaneously staring down the four horsemen of wage stagnation, higher prices of goods, higher bills, and higher mortgage repayments, something’s got to give.

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