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Keywords: Deregulation

  • AUSTRALIA

    Why the choice revolution let us down: In conversation with Mark Considine

    • David Halliday
    • 28 February 2024

    The main purpose of government is to promote the welfare of its people. And yet over the last few decades, through numerous inquiries, it’s become clear that the Australian government has failed to provide services for the Australian population as well as might be expected. 

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  • EDUCATION

    Widening the Catholic educational tent

    • Michael Furtado
    • 28 September 2023
    38 Comments

    As Australia grapples with educational inequality, those in the Catholic education system must ask: how do we test for a clear commitment to Catholic Social Teaching and the seminal role it plays in enunciating the guiding principles of Catholic education, particularly in regard to it being offered, ‘first and foremost … to the poor’?

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  • AUSTRALIA

    The great AI misdirection

    • David James
    • 17 August 2023
    8 Comments

    In a world where words wield power, 'Artificial Intelligence' is a semantic contradiction. As tech leaders sound alarms about AI's potential threats, the reality remains: AI scans data but can't replicate human thought or emotion. Are we, through misleading language, surrendering our humanity to machines?

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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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  • ECONOMICS

    Real world problems can’t be solved by finance fictions

    • David James
    • 18 October 2022
    3 Comments

    The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality. 

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  • ECONOMICS

    Why we need new rules for money

    • David James
    • 23 August 2022
    4 Comments

    Now that it is becoming hard to avoid just how much trouble the global financial system is in, it is interesting to speculate about what should be done about it. The first thing to understand about the global financial system is that the assumptions that were used to shape it are demonstrably false.

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  • ECONOMICS

    Rising interest rates point to a larger problem

    • David James
    • 28 June 2022
    1 Comment

    The question that should be posed is how effective has the Reserve Bank been at ‘managing’ the economy and financial system? ‘Not very’, has to be the answer. Not that the RBA is alone. The same pattern has been seen across the developed world. Central banks have one weapon at their disposal, the cost of money (the interest rate), and there is not much evidence they have used this tool to make their systems sustainable. Mostly, they have made matters worse. 

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  • ECONOMICS

    Teetering on the financial brink

    • David James
    • 08 June 2021
    4 Comments

    An often overlooked fact about the financial system is that it entirely depends on trust. When trust starts to evaporate, especially between the big players such as banks and insurance companies, the whole artifice is put into peril. Trust in the system is now at an extreme low and that points to extreme danger.

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  • FAITH DOING JUSTICE

    Without JobSeeker, inequality will rise

    • Julian Butler
    • 11 February 2021
    4 Comments

    The size and spread of government payments in past 12 months has held steady, and to some extent, improved the circumstances of many on low incomes or government support. The withdrawal of that support risks returning many to payments that do not provide for basic human needs.

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  • ECONOMICS

    GameStopping the system

    • David James
    • 09 February 2021
    5 Comments

    The controversy over the shares of US video game company GameStop has again exposed what has long been obvious: there is something seriously rotten in the state of the world’s financial markets. It was a battle between a hedge fund, Melvin Capital, which manages $US13 billion, and a small group of ‘amateur’ investors who communicated with each other on a Reddit forum called WallStreetBets.

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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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