Section: Economics
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ECONOMICS
- David James
- 20 February 2024
3 Comments
What does it mean when ideas of scarcity – supposedly the driving principle in understanding supply and demand – are no longer the only or best way to think about economic activity? What is needed to understand the post-industrial environment is a new way of thinking about economics and finance.
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ECONOMICS
- David James
- 11 January 2024
AI and transhumanism will continue to transform economic life on the planet. Rather than trying to stop it, which will fail, the counterattack should instead be to repeatedly insist on the obvious: that the ‘I’ in AI is not human intelligence, and that the ‘humanism’ in transhumanism is not human.
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ECONOMICS
- David James
- 04 January 2024
From Moscow to Beijing, a change in global finance looms, set to challenge the long-standing economic hegemony. This imminent shift could redefine global power structures, disrupt currency markets and international trade. Amidst this uncertainty, one thing is clear: the game of geopolitical chess is no longer played on a Western-centric board.
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ECONOMICS
- 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
- 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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ECONOMICS
- Daniel Simons
- 14 September 2023
In a world increasingly governed by algorithms and AI, the ancient deity Moloch emerges as a haunting metaphor for our tech-driven sacrifices. Drawing parallels from historic rituals to present-day digital dynamics, ancient fears offer insight into today's most pressing existential challenges.
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ECONOMICS
Why does society often overlook the passion, creativity, and dedication that underpin smaller businesses? As the public's perception leans towards the unfavourable side, is there a need to shift our focus and truly acknowledge the value and contributions these businesses make in our daily lives?
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ECONOMICS
From Moscow to Beijing, a change in global finance looms, set to challenge the long-standing economic hegemony. This imminent shift could redefine global power structures, disrupt currency markets and international trade. Amidst this uncertainty, one thing is clear: the game of geopolitical chess is no longer played on a Western-centric board.
READ MORE
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ECONOMICS
As the economy becomes more focused on monetary exchange, we overlook underlying realities that are hidden from plain sight. Largely invisible aspects of our economic life such as transactionalisation and industrial efficiency are transforming our society and can shape our future in unexpected ways. So what does this mean for the future of capitalism and our society?
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ECONOMICS
- David James
- 03 April 2023
As the collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse poses a renewed threat to the global financial system, the question arises: how can we manage out-of-control debt? With global debt exceeding 230 per cent of GDP, could nationalising banks be the solution to the ongoing crisis, or will the debt merry-go-round continue to spin out of control?
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ECONOMICS
- 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
- 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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