keywords: Gdp

  • ECONOMICS

    It's time to ditch GDP

    • John Wicks
    • 23 September 2008
    9 Comments

    The 'trickle down' of wealth proclaimed by neo-liberalism is debatable, and hardships flowing from sub-prime activities descend on the disadvantaged with the finesse of a freight train. Some economists have demanded the GDP measure be replaced by goods and services data that promote the common good.

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  • ECONOMICS

    When economic policy transcends political division

    • David James
    • 08 April 2021
    4 Comments

    It is one of the ironies of Australian political history that a policy that has profoundly benefited this country’s version of capitalism came, not from the right, but from the Labor party and unions. The mandating of superannuation payments in 1992 under the Keating government has profoundly changed Australia’s financial system.

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  • AUSTRALIA

    Pragmatism: obscuring ideology in Australian politics

    • Benedict Coleridge
    • 09 February 2021
    30 Comments

    The celebration of pragmatism in Australian politics obscures the role that ideology has always already played. In fact, one of the more stealthily ideological moves in Australian politics, generally made within that swirl of commitments people call ‘centrism’, is the de-politicisation of policy — the attempt to present policy as responsive to natural imperatives rather than to specific values and ideals.

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  • ECONOMICS

    Overhauling economics to combat climate crisis

    • David James
    • 17 November 2020
    5 Comments

    There is a common error about economics that, if not corrected, has far reaching consequences. It is the widely held belief that economic growth and consumption are the same. They are not.

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  • ECONOMICS

    Until debt do us part

    • David James
    • 20 October 2020
    3 Comments

    The global economy was already teetering on the edge of such a debt crisis before the coronavirus hit. The economic shutdowns have accelerated the damage.

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  • ECONOMICS

    October Budget rides on collective confidence

    • Joe Zabar
    • 24 September 2020
    3 Comments

    The havoc COVID-19 has wreaked on our economy has been less damaging than for some other countries. While international comparisons may help us feel better about our circumstances, the reality is that Australia’s economy is in trouble and will need more than economic first aid through measures like JobKeeper to get us back on track to recovery.

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  • ECONOMICS

    The great economic rethink?

    • David James
    • 20 August 2020
    6 Comments

    There will be Great Reset in finance and economics. It is inevitable because the shock has been so great. The first problem is what to do with global debt, which was already at unsustainable levels before the virus hit: over 320 per cent of global GDP. The only way to prevent system-wide failure has been to lower interest rates to near zero levels.

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  • ECONOMICS

    Mixed picture for Australian economy

    • David James
    • 23 July 2020
    1 Comment

    The full economic impact of the coronavirus lockdowns will not be fully felt until the end of the year, but it will be devastating. The Treasurer, Josh Frydenberg, is already estimating that the effective employment rate is 13.3 per cent; it may be headed for as high as 20 per cent. It raises a question, not just in Australia, but in many developed countries. Will there be a significant middle class left after such economic destruction?

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  • ECONOMICS

    Towards full employment

    • Bree Alexander
    • 09 July 2020
    3 Comments

    What then, does the case for full employment look like? This is not just an economic question, but too of having access to a decent wage that allows all people to live a decent life.

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  • ECONOMICS

    Women deserve a bigger role in our economic recovery

    • Nicola Heath
    • 30 June 2020
    2 Comments

    It turns out that the COVID-19 economic crisis is disproportionately affecting women — so much so that some have dubbed it a ‘pink-collar recession’. Unemployment figures show that since February, 457,517 women have lost their jobs compared to 380,737 men.

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  • ECONOMICS

    The flawed ideology of healthcare as business

    • David James
    • 28 May 2020
    5 Comments

    Calling healthcare a business was always logically flawed. Money is involved, but it is unlike any consumer product businesses. For one thing, the ‘customer’ in health does not decide what represents value, the provider (the doctor or equivalent) does. Patients may have a say, but usually only on the margin.

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  • AUSTRALIA

    Back to business as usual

    • Andrew Hamilton
    • 07 May 2020
    5 Comments

    For comfortable communitarians among us it is tempting to lament the loss of the solidarity displayed in the first response to coronavirus. That would be a mistake. Solidarity is not a mood to be looked back on with nostalgia, but a commitment to be built and defended.

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