author: David James

  • ECONOMICS

    Ways out of the capitalist rabbit hole

    • David James
    • 21 October 2019

    Recognising that financial systems are a human creation rather than natural systems governed by 'capital flows' would be an important step to conceiving a more robust and equitable system. To ask what kind of society we want and only then work out what we want money to do for us is to put the horse back in front of the cart.

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  • ECONOMICS

    Capitalism isn’t dead, it just smells funny

    • David James
    • 24 September 2019
    9 Comments

    It is easy to blame the financial sector — and the governments that were supposed to oversee the financial system but instead just washed their hands of it — for creating this global debt debauch. They certainly bear much of the responsibility. But in many ways the financial misbehaviour is as much symptom as cause.

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  • ECONOMICS

    Inside US and China's dodgy economies

    • David James
    • 07 September 2019
    6 Comments

    One of the ironies of the intensifying tariff war between America and China is that that neither of the two giants seems to have a viable economic model. Both countries' systems are based on dodgy financial engineering and printing money, or just inventing new types of money out of thin air.

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  • MEDIA

    The creators of fake news are winning

    • David James
    • 30 July 2019
    12 Comments

    They vastly outnumber journalists, their industry is far bigger than the shrinking media organisations, and the concentration of media ownership means that they can do deals with proprietors. Understanding that the trail with fake news leads to the spin doctors can be a useful way to detect what is, and is not, propaganda.

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  • ECONOMICS

    NZ's riposte to modern economic myths

    • David James
    • 02 July 2019
    5 Comments

    While money can be transacted for things that are bad — air pollution, road deaths, cigarette ads — as long as more transactions occur, it creates the illusion the economy is growing, which, ipso facto, is good. Thus, Japan's GDP rose sharply after the tsunami disaster. New Zealand's initiative will track better what is really happening in the country.

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  • ECONOMICS

    Lines drawn for Trump's economic war

    • David James
    • 07 June 2019
    5 Comments

    The globe is being split into two, with Australia nervously sitting between the two sides: America and China. At least we have a trade deficit with America so are not an immediate target. But we might want to consider becoming more self-sufficient and broadening our industrial base.

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  • ECONOMICS

    Could Labor fuel a property revolution?

    • David James
    • 07 May 2019
    5 Comments

    The Australian economy rests on a decades-long property gamble that has disenfranchised younger generations. It is why the differing policies of the two major parties at the federal election take on an unusual significance. The voters' choice will go a long way towards determining if that generational split will get better or worse.

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  • EDUCATION

    Business thinking is death to the humanities

    • David James
    • 16 April 2019
    25 Comments

    Here's a suggestion. In order to halt the seemingly inexorable destruction of the humanities in our secondary schools, we should immediately sack any senior Education Department bureaucrat who has an MBA. Or perhaps they can be forced to reapply, unsuccessfully, for their old jobs. They like that kind of thing.

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  • INTERNATIONAL

    Trump's new Cold War

    • David James
    • 09 March 2019
    7 Comments

    It has been postulated that there are three types of war: kinetic, informational and economic. America has been losing its kinetic conflicts in the Middle East and recently has escalated its informational war. The favoured weapon with economic warfare is sanctions, and Trump has started to use them to an extreme degree.

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  • ECONOMICS

    Venezuela beset by American dirty tricks

    • David James
    • 30 January 2019
    14 Comments

    If you wish to peer into the heart of darkness, the nexus between big oil and big money is a good place to start. Those who control the energy market and the financial markets control the world. The latest victim of this brutal intersection is Venezuela, a country that has made the mistake of having the biggest oil reserves in the world.

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  • ECONOMICS

    The true lesson of capitalism

    • David James
    • 15 January 2019
    2 Comments

    One of the most basic distinctions in finance, with which any stockbroker or fund manager is familiar, is that between equity and debt. As the global economy teeters on the edge of a debt and banking crisis, with global debt more than 300 per cent of global GDP, the merits of equity is something that needs to be better understood.

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  • ECONOMICS

    Compound interest is the root of banks' evil

    • David James
    • 04 December 2018
    7 Comments

    The problem goes much deeper than a few crooked operatives and it will not be fixed by changing the corporate 'culture'. The fundamental evil is the arithmetic of compound interest. Interest on debt rises exponentially, while economic activity is linear. That means that sooner or later those in a weaker position are unable to pay.

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