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The ABC’s recent Q+A housing special left many questions unasked and unanswered. Labor, Coalition and Green MPs all say they want more people to be able to buy their own homes. The most obvious way to achieve that would be to reduce the price of housing. Yet no politician will make that an explicit policy aim.
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.
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.
The world of Fargo, like ours, is a fallen one, and it’s clear at the end of this season that the cycle of violence will continue. But we’re also left with a strong hope that some of the characters might have found a way out of that hellish cycle of debt and restitution. And if there’s hope for them, there’s hope for us all.
Thoughtful and thought-provoking, Fiona McFarlane's The Sun Walks Down asks of the reader: Is art more important than life? What is the nature of courage? How should an individual relate to their own environment?
From Moscow to Beijing, a change in global finance looms, set to challenge the long-standing economic hegemony. This imminent shift could redefine global power structures, disrupt currency markets and international trade. Amidst this uncertainty, one thing is clear: the game of geopolitical chess is no longer played on a Western-centric board.
To close the year for Eureka Street, the editorial team wanted to nominate who we considered to be the Eureka Street ‘person of the year’ based on this year's newsmakers.
Any legislation hastily designed to negate the effect of the High Court decisions will be vulnerable again to be struck down on judicial appeal. That haste suggests an initial disregard for human rights and the rule of law by Governments and an ingrained resistance to any limitation of its power. Vindictive laws come at a heavy cost to the integrity and reputation of the lawmakers.
Why another Christmas Carol and why now? This version takes a detour from Dickens’ original delving deeper into Scrooge’s past, painting him not just as a villain, but as a victim of circumstances. It suggests that behind every act we hastily label as ‘cruel’ lies a story of fear and anxiety, and a flesh-and-blood human being. And forgiveness, then, becomes an acknowledgment of our shared human frailty.
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.
Beneath the facade of Australian prosperity lies a hidden country where over three million citizens, including a staggering 761,000 children, grapple daily with the hard choices that come with poverty. With an urgent need for reform, what policy shifts could bring about the transformation this nation needs?
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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