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Keywords: Wealth Inequality

  • EDUCATION

    It's time to revisit free education

    • Osmond Chiu
    • 10 November 2017
    7 Comments

    Dissatisfaction and concern about falling living standards for future generations is leading to longstanding policy assumptions being rethought. Nothing symbolises this more than tertiary education. Across the world, a decades-long trend towards user-paysis now being reversed. It is time for Australia to follow suit.

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  • RELIGION

    Seeking a true new start for all job seekers and workers

    • Frank Brennan
    • 08 November 2017

    'We need to recommit to work for all those who are able and willing. We need to recommit to social assistance for all those who are not able. We need to ensure that a life of frugal dignity is within the grasp of all citizens.' 2017 Rerum Novarum Oration by Fr Frank Brennan SJ

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  • ECONOMICS

    Towards an economy that works for all

    • Frank Brennan
    • 18 October 2017
    10 Comments

    The promise of riches from the trickle-down effect is at best patchy for many Australians, and non-existent for others. Continuing with the same economic and social policy settings will exacerbate the already growing divide between the rich and the poor and eventually damage the economy to such an extent that it has a detrimental effect on everyone.

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  • RELIGION

    Developing an inclusive and sustainable economy

    • Frank Brennan
    • 11 September 2017
    2 Comments

    The real call of Everyone's Business is to move beyond them and us to admitting that there is only us. If we are truly to build an inclusive and sustainable economy, it can't be just those in full time paid employment who are part of that economy. We take seriously the principles of neo-liberalism, letting the market decide. But we set limits on the market for the common good.

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  • RELIGION

    Bishops call for an economy that serves all

    • Andrew Hamilton
    • 06 September 2017
    11 Comments

    The general argument of the Australian Catholic Social Justice Statement on the economy is that Australia is a wealthy economy in which too many people are marginalised. In response to the litany of neglect and abuse that it details, the statement calls for a new view of the economy as the servant of people, and not vice versa.

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  • ECONOMICS

    Of murderers, bastards and inequality: neo-liberalism's failure

    • Andrew Hamilton
    • 16 August 2017
    18 Comments

    Cometh the hour, cometh the third murderer. So now inequality is in the spotlight and is being booed off the stage. It is blamed for the rise of populist politics, and more fundamentally for economic stagnation. The economic neo-liberal orthodoxy, that so implausibly claimed that economic competition unfettered by government regulation would benefit all of the citizens, has produced the gross inequality that hinders economic growth. 

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  • INTERNATIONAL

    Obamacare not in 'death spiral' because people value it

    • Lesley Russell
    • 22 July 2017
    6 Comments

    Obamacare, although imperfect, was soundly constructed and thoughtfully implemented. It has withstood constitutional challenges and survived endless Congressional votes to repeal and amend it. Republicans talk only about its problems and the Trump Administration has worked hard to sabotage it further, but the fact is that Obamacare is not in a 'death spiral'. It is working surprisingly well.

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  • AUSTRALIA

    What fuelled the crisis in the West?

    • Andrew Hamilton
    • 19 July 2017
    21 Comments

    Paul Kelly in the Australian makes the case that the decline in Christian faith made evident in the recent Census is in large measure responsible for the widespread loss of trust in the political system throughout the West. There are inevitable limitations to such broad brush arguments. Lack of trust in politics and institutions is not new. From the Roman Empire to contemporary China authorities who do not ensure an adequate supply of bread to their citizens can expect to meet distrust, unrest and replacement.

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  • ENVIRONMENT

    Pope calls for intellectual conversion over climate

    • Andrew Hamilton
    • 02 June 2017
    10 Comments

    The strident public debate about global warming and the threat it poses has died down. Few knowledgeable people deny its reality. At the same time, powerful interest groups and politicians appeal to the need for economic growth in order to weaken any international commitment. At such a time it is worth returning to Laudato Si, Pope Francis' passionate exhortation to care for the environment. Its most significant insight is that the environment is not something outside ourselves. We are part of it.

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  • AUSTRALIA

    Building social justice through shareholder advocacy

    • Ann Deslandes
    • 26 May 2017
    4 Comments

    Wealth inequality in Australia is flourishing. The top one per cent of household wealth in Australia is moving toward being 20 per cent of total wealth, and the country is a preferred destination for millionaires. With a government that prefers to impoverish and vilify the disadvantaged and spend big on coal mines, this does not look likely to shift. But there are always other paths to social justice, and in Australia one may be through the millionaires - or at least the companies on which their fortunes are built.

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  • AUSTRALIA

    Hope versus humiliation in the Federal Budget

    • John Falzon
    • 10 May 2017
    14 Comments

    It would be nice to believe, as the Treasurer wants us to, that better times are around the corner. But while wages stagnate and company profits surge, inequality is at its highest since the 1950s. This is not going to get any better any time soon. By 2019, the highest income earners will have received an effective tax cut of 1.5 per cent compared to all other taxpayers who will be paying an extra 0.5 per cent. For young people especially, Budget 2017 boosts inequality instead of building a better future.

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  • AUSTRALIA

    Tackling wealth inequality through justice reinvestment

    • Ann Deslandes
    • 31 March 2017
    10 Comments

    Australia was rated as the top destination for millionaire migrants in 2016 for the second year in a row. Meanwhile the latest Australian Institute of Health and Welfare reveal high correlations between prison entrance and indicators of entrenched poverty and discrimination. If we want our system for justice to amount to something more than a mirror of our inability to distribute wealth and opportunity evenly, we need to address the undeniable role wealth inequality has in putting people in prison.

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