Keywords: Capitalism

  • ECONOMICS

    Homelessness is caused not by poverty but by wealth

    • John Falzon
    • 10 August 2021
    13 Comments

    When you put rising housing costs alongside stagnating wages, an alarming trend in normalising insecure work, persistent unemployment and underemployment, and statutory incomes that are going backwards in real terms, there’s good reason to be deeply worried about an increase in homelessness.

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  • ARTS AND CULTURE

    The complexity of epidemics

    • Andrew Hamilton
    • 22 July 2021
    9 Comments

    It is refreshing to find a work that is exploratory and invites its readers into a world more complex than they had imagined. Such a work is a recent book by Peter Dowling, Fatal Contact: How Epidemics Nearly Wiped Out Australia’s First Peoples.

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  • ECONOMICS

    Why corporatism, not capitalism, is the root of social harm

    • David James
    • 06 July 2021
    16 Comments

    There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.

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  • AUSTRALIA

    Giving up the 'deserving' and 'undeserving' poor dichotomy

    • Barry Gittins
    • 29 June 2021
    27 Comments

    We are all beholden to our story of origin and the systemic realities we are born into. Regardless, now and historically, politicians, preachers and pundits sporadically look to reintroduce the discredited dichotomy between the ‘deserving poor and the undeserving poor’. The embodiment of that second label, historically, has been the Jobseeker (Newstart) recipient.

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  • ECONOMICS

    We need to rebuild our social foundations

    • John Falzon
    • 15 June 2021
    4 Comments

    Our economy is 1.1 per cent larger than a year ago. Yet, as the situation in Victoria reminded us, none of us are safe unless all of us are safe. And we cannot be safe while work remains increasingly insecure, while social security payments are inadequate and while our public infrastructure is found wanting.

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  • ECONOMICS

    Our economy needs democratic oversight, not the unleashing of animal spirits

    • John Falzon
    • 06 May 2021
    23 Comments

    In a recent speech to business leaders, Prime Minister Morrison made the remarkable claim that ‘we are going to meet our [climate change] ambitions with the smartest minds, the best technology and the animal spirits of capitalism.’ This is straight from the neoliberal playbook, the doxa that the role of government is to get out of the way to make room for those animal spirits so as to pander to the fantasies of the wealthy few.

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  • AUSTRALIA

    Does identity politics commodify us?

    • Justin Glyn
    • 04 May 2021
    32 Comments

    The Prime Minister has recently denounced ‘the growing tendency to commodify human beings through identity politics‘. In doing so, he raises a number of important questions. The claim of ‘commodification’ of human beings and their relations is a powerful one.

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  • ECONOMICS

    When economic policy transcends political division

    • David James
    • 08 April 2021
    5 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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  • MEDIA

    Unfriending Australia: Facebook takes action

    • Binoy Kampmark
    • 23 February 2021
    2 Comments

    Instead of retaining its control of a fruit market, or preserving an oil monopoly, Facebook harnesses another resource: data. Any regulator or sovereign state keen to challenge the way the Silicon Valley giant gathers, monetises and uses that data will face their ire.

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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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  • INTERNATIONAL

    The politics of vaccines

    • Daniel Sleiman
    • 04 February 2021
    8 Comments

    Despite talk against ‘vaccine nationalism’ the pharmaceutical companies are ultimately beholden to investors and shareholders. Their effectiveness percentages are pitches. They will sell to those who can afford to buy. And naturally that’s wealthy countries.

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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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