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Keywords: Gdp

  • INTERNATIONAL

    Americans look after each other because their government won't

    • Sarah Klenbort
    • 03 April 2024

    Americans, facing high healthcare costs, frequently resort to crowdfunding for essential treatments, highlighting a reliance on volunteerism to fill government gaps. Meanwhile, Australians, benefiting from a higher tax-funded safety net, donate less to charity. So how do differing approaches to social welfare influence the spirit of community and generosity?

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  • ECONOMICS

    The economy is in worse shape than you think

    • David James
    • 07 March 2024
    1 Comment

    The aggregate picture of the economy may seem healthy enough after two years of heavy immigration, over 800,000, and the return of students and tourists. But the elephant in the room remains. Australia is a two-tiered society sharply divided between people who own homes and people who do not. The generational divide is worsening.

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  • EDUCATION

    Declining staff-to-student ratios reveal sorry state of higher ed

    • Erica Cervini
    • 06 March 2024

    By 2012, when the federal government first started reporting on staff-to-student ratios in universities, there was one academic for every 20 students. The most recent data, from 2021, shows that figure had increased to 23. As Australian students return for the new academic year, it will surely come as no surprise to find that ratio has worsened.

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  • ECONOMICS

    Are we in a post-industrial society?

    • David James
    • 20 February 2024
    2 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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  • AUSTRALIA

    We need a real conversation about tax reform

    • Joe Zabar
    • 12 February 2024
    1 Comment

    Much of the discussion about tax reform is about the mechanisms of collection; around changes to things like negative gearing, stamp duty, land tax, capital gains tax, and superannuation. But what is missing is a statement of values about what we expect our tax system to fund.

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  • ECONOMICS

    Forgive us our debts

    • 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

    What happened to the great reset?

    • 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

    Our greatest threat isn't climate change or AI. It's Moloch

    • 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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  • AUSTRALIA

    Who pays the price? Australia's inflation challenge

    • Joe Zabar
    • 28 June 2023
    3 Comments

    As Australian households grapple with soaring living costs and rising inflation, many are questioning the efficacy of the RBA's interest rate strategy, making the case for comprehensive government intervention to right the economic course.

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  • ECONOMICS

    When transactions mask reality

    • David James
    • 01 May 2023

    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

    The debt crisis we all saw coming

    • 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

    Ballooning risks of finance fictions

    • 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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