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Hailing from Argentina, Francis puts his trust neither in ideological Communism nor in unbridled capitalism. We need to enhance international security, building the rule of law within multilateral organisations, and fostering the climate for investment sensitive to the triple bottom line - economic, social and environmental. I return from Rome grateful that we have a pope prepared to open these questions, accompanied by senior prelates happy to mix it with business and community leaders.
Low interest rates tend to change the understanding of risk; having high debt seems to be less of a problem because the cost of servicing it is lower. This cavalier attitude has been especially evident in Australian households, which have racked up more debt relative to the size of the economy than any other country in the world. The massive appetite for debt has been replicated across the globe. The world may have survived the era of casino money - just - but it is now facing another crisis.
Now is an exciting moment for Australia, after all the low points of the past two years. We can look forward to a real return to greater civil discourse and intellectual integrity in politics. It will be good if the parties can set aside the negative energy that was brought to the Parliament and return to an informed contest of ideas, for there is much to debate.
In the early 1990s, America, Europe and Japan accounted for about 90 per cent of world GDP. Now, they account for less than half. The BRICs and other developing nations have grown steadily (in China's case spectacularly) while Europe has stagnated and America has sputtered at best. Recent developments in the geopolitics of fossil fuels and in finance confirm the perception that the rise of China and the developing world spells the end of US global hegemony. Against this backdrop, the narrative of the West has grown increasingly incoherent.
The US unipolar moment is ending. Real multipolarity is upon us, with Russia, China, India, Brazil, South Africa and Iran testing new multipolar arrangements for sharing world power. The US fears these changes, and would prefer to corral everybody back into the familiar bipolar camps of the past. This would be a disaster. Australia will benefit from a stable rules-based multipolar world, and our foreign policy can help build it. But we are going to have to take a few calculated risks along the way.
George Megalogenis describes a protest rally in 1849 organised by residents of Sydney against arrivals of more convict boats. Workers who 'wanted to maintain their high-wage society' made 'the first of countless calls that would be made against migrants who threatened to undercut their standard of living'. It is a familiar refrain today. In a world where three-fifths of a person's income is determined by their place of birth, it defies logic that we place restrictions on people's movement to preserve our standard living.
Francis does not pretend to have answers to the big questions which will confront world leaders when they gather in Paris. But he does think the science is IN, and the evidence is clear that much of the climate change, loss of biodiversity and water shortages are the result of human action. We are blessed to have a pope who speaks to all the world about the prudence, justice and empathy required so that more people on our planet might enjoy integral human development.
So many chances, so many slips. After building a reputation as a good guy politician on Sunrise with his 'good mate' Kevin Rudd, he blew it by rescuing Rudd from drowning in a flooded river on their well-publicised Kokoda Trail expedition in 2006. Kevin 07 went on to prove he could win an election but not run a government. In memory of the kindly smiling television entertainer Hockey once was, let us hope his diplomatic success will turn on his need to be liked, not his native political acuity.
In a series of articles, The Australian newspaper has strongly criticised the new encyclical Laudato Si', with editor-at-large Paul Kelly charging that the Pope has 'delegitimised as immoral' pro-market economic forces. This is wrong. Pope Francis is not opposed to the free market in principle, but insists that it be well regulated to ensure social justice for all involved.
Journalist Michael O'Loughlin is national reporter for Crux, the Boston Globe's regular supplement on Catholic Church issues. His book The Tweetable Pope: A Spiritual Revolution in 140 Characters, to be published in September. In this video interview, he analyses the US Bishops' response to the recent US Supreme Court ruling on same sex marriage.
Recent polls reveal our pride in scientific, technological and sporting achievements. It is reassuring that many of us support the current and even increased immigration levels. But Australians overwhelmingly, 65 per cent in total, believe that stronger measures should be taken to 'exclude illegal immigrants'.
181-192 out of 200 results.