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An ethos of tough love balks at taxpayer subsidies for anyone foolish or unlucky enough to make the wrong investment decision. In Australia we prefer to see people as victims and expect the government to clean up the mess.
A business-friendly carbon emissions reduction scheme is an oxymoron. The draconian action which the Government must take will lead to further unemployment and short-term damage to the fabric of society. But there is no choice.
On the day the markets bled we rushed to hear Stiglitz's diagnosis. The Nobel Laureate used to be Chief Economist of the World Bank, ending his term in fisty cuffs with the IMF and the US over their financial bullying of developing nations. Stiglitz had schadenfreude written all over his face. (October 2008)
After the 2001 Argentine economic disaster, workers' collectives organised to autonomously run their enterprises. The collapse of the ABC Learning empire should not be seen as a total calamity, despite the obvious potential for fallout.
The outcomes of the G20 meeting this month demonstrate the limited vision of many of the world's politicians in confronting the global financial crisis. If our leaders can't imagine a different future, it is up to us to do so.
On the day the markets bled we rushed to hear Stiglitz's diagnosis. The Nobel Laureate used to be Chief Economist of the World Bank, ending his term in fisty cuffs with the IMF and the US over their financial bullying of developing nations. Stiglitz had schadenfreude written all over his face.
There is tension in the churches between those focused on piety and those engaged with social justice. Benedict's document on globalisation will presumably stress that concern for social justice is essential to the Church's mission.
As Australia considers the Garnaut Report and the CSIRO predicts petrol could reach $8 a litre within a decade, the subject of biofuel has garnered increased interest. Jatropha, the so-called darling of second-generation biofuels, could cripple third world economies and ecosystems.
If Australians want their government to move single parents off welfare and reduce child poverty at the same time then it’s going to cost money.
The bright eyes of youth often see clearly the things that are wrong with society. 22-year-old Christopher McCandless donates his life savings to Oxfam and sets off on a two-year journey concluding in the isolated wilds of tooth-and-claw Alaska.
Political leaders attribute hospital crises to administrative bungles rather than a lack of political oversight or investment. But they can't continue to put off dealing with the rising public frustration at the inadequacy of the system's capacity to meet the demand of an ageing population.
Martin Flanagan of The Age links the sometimes defiant spirit of having a go with “common goodness”. He says this is found in the midst of wars and despair and, most importantly, “the blindness that flows from political and religious ideology”.
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