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Russia’s invasion of Ukraine has led to severe financial sanctions being imposed on the country that are likely to have lasting consequences. Problem is, they may not be the ones the sanctioners are expecting. They may even come to regret what they have done.
Moscow-based Director of the Russian International Affairs Council (RIAC)Dr Andrei Kortunov warned of its tragic consequences for Russia in an article published four days before the launch of his country’s invasion of Ukraine. The de facto partition of Ukraine, he said, as a result of the Kremlin’s recognition of the independence of the People’s Republics of Donetsk and Luhansk, will signify ‘the final formalisation of the division of Europe’ from which there may be no easy retreat.
Taken together the events of recent years suggest that we face a crisis, a time in which the working assumptions that have guided our personal and collective lives no longer hold. If we do not change we face increasing threats to the world that we shall hand on to our children.
Australia’s Reserve Bank mainly concentrates on keeping inflation within an acceptable range and maintaining a high level of employment. Social equity has never been considered to be part of its mandate. It should be. Interest rates have been the biggest cause of economic and social division in Australia, not just between rich and poor, but also between older and younger generations.
President Putin of Russia has embarked on an unprecedented military campaign in Ukraine without direct provocation or justification. In the West, there is a feeling of disbelief and confusion. How can Putin do this? And how can the Russian people accept this invasion?
Gambling is now a core national industry providing significant employment, profit for private providers and revenue for governments. All good but, as with every form of industry, there are ‘externalities’. In the case of the gambling industry, it is the personal and social costs of ‘problem’ or ‘addicted’ gamblers that must be taken into account.
Jane Austen’s exploration of a narrow social world illuminated issues central to public life in our own world. In particular, the importance of character in building harmony in her domestic world raised questions about its place, presence, and importance in political life today.
We’ve been in a pressure cooker, these past two years. More than a score of historians had memorably described 2020 as the sixth-most ‘stressful year ever’. Predictions and speculations look ahead; I looked at the past trends of the past two years and make these humble observations. With the stage set for dire times, here are six trends to look for in 2022. Here’s hoping.
On a superficial level, it makes no sense to commit so strongly to managing the impacts of climate change (adaptation) on the one hand while refusing to significantly reduce emissions (mitigation) on the other. On the other hand, when you start to unpack the logic of so much adaptation policy, this contradiction fades away.
When you put rising housing costs alongside stagnating wages, an alarming trend in normalising insecure work, persistent unemployment and underemployment, and statutory incomes that are going backwards in real terms, there’s good reason to be deeply worried about an increase in homelessness.
Corruption in society is a sign that respect for human dignity has been eroded. If we identify the value of human beings with their ability to compete, we are easily led to treat other people and groups in society as instruments to be used for our own gain. The result is that the integrity of public institutions and people’s trust in them are eaten away.
If Australia does draw back from globalisation — as opposed to trade, which will continue — then there should be more focus on our primary sector and how it could be better financed. Australia’s long history as a primary producer constitutes what economists call a ‘comparative advantage’: an economic area in which a country does best while giving up the least.
133-144 out of 200 results.