keywords: Capitalism

  • ECONOMICS

    How climate change is remaking finance

    • David James
    • 04 February 2020
    3 Comments

    A shift is afoot in the west's financial markets that represents the most important economic change since the emergence of the new financial instruments in the 1990s that ultimately led to the global financial crisis. It is likely to result in a new way of thinking about money, which will change the substructure of developed economies.

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  • RELIGION

    Pondering God from the dunny

    • Sue Stevenson
    • 24 January 2020
    8 Comments

    As I sat I noticed some graffiti: 'What you are seeking after is seeking after you. — Rumi.' A beautiful, soulful verse for the alienated children of late capitalism, right? An invitation to live in expectancy, as if you belong in the world. But underneath, someone had struck through What and written Who, and Rumi and written God.

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  • ECONOMICS

    It's the end of 'industry as usual', so what next?

    • David James
    • 22 November 2019
    5 Comments

    At the next global financial crisis, when questions about what we want our monetary system to do for us become a matter of survival, why not devise a transactional system that is not just geared towards the consumption of goods and services, but involves monetary exchanges for social goods, such as sustainable production, or civic benefit?

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  • AUSTRALIA

    Economic correctness gone mad

    • John Falzon
    • 13 November 2019
    30 Comments

    It's gone too far. The minute you voice even the smallest doubt about the Current Way of Things you get hammered. If, for example, you ask why large multinationals should profit from aged care, the guardians of Economic Correctness look at you funny. Either they don't get it, or they do and they cast you as an enemy of democracy.

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  • AUSTRALIA

    Class and climate drive Melbourne Cup hostility

    • Jeff Sparrow
    • 06 November 2019
    27 Comments

    I can't imagine how anyone could look at the Melbourne Cup and see a vision of the 'fair go'. On the contrary, much hostility to horse racing — this year's Cup attracted the smallest crowd since 1993 — stems from a perception that its rituals celebrate grotesque inequalities.

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  • ECONOMICS

    Ways out of the capitalist rabbit hole

    • David James
    • 21 October 2019
    5 Comments

    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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  • AUSTRALIA

    Sympathy for the poor or bunyip aristocracy

    • Daniel Sleiman
    • 17 October 2019
    9 Comments

    Adam Smith wrote 'no society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable'. Poverty and inequality lead to non-participation in work and inhibit social mobility, which negatively affects economic growth. The concentration of economic power is bad for democracy.

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  • AUSTRALIA

    Reframing aspiration as a collective force

    • John Falzon
    • 26 September 2019
    13 Comments

    We're taught to think that aspiration means what you do alone, what sets you apart. As such it is a concept that is both lauded and loaded. Aspiration, neoliberal style, is a secular version of the gospel of prosperity so loved by the prime minister. God, or the Market, smiles on those who aspire to greater things.

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  • ARTS AND CULTURE

    Conscientious capitalists

    • Gillian Bouras
    • 24 September 2019
    6 Comments

    Raised by Politically Pink Parents, I was in my youth rather wary and suspicious of capitalism and capitalists. Eventually I realised that the only thing wrong with money is that not everyone has enough of it. We hear too much about arch-capitalists like the Trumps and the Koch brothers.

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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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  • AUSTRALIA

    The secretive business of detention dirty work

    • Meg Mundell
    • 21 August 2019
    8 Comments

    If you're not burdened by a conscience, it's a perfect get-rich-quick scheme: offer 'garrison' services to governments reluctant to get their hands dirty. Ensure the vulnerable people you 'manage' are hidden, demonised by politicians and right-wing commentators. Hire cheap labour, minimise your tax, and make millions.

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  • ENVIRONMENT

    Living in the climate lag

    • Greg Foyster
    • 22 July 2019
    22 Comments

    Five years ago I woke in the middle of the night and wrote a letter to myself about climate change. 'The world around you no longer exists. The conditions that created it have already changed and the society you know remains the same only due to inertia.' Now I know I'm not the only one who's lain shuddering with this awful premonition.

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