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Trump’s tariff-led reshaping of global trade is weakening the US dollar’s long-standing dominance. As central banks diversify away from US assets, what was once called an “exorbitant privilege” is beginning to look more like a burden — one shaped as much by petulant politics as economic mismanagement.
As Donald Trump’s trade war upends decades of global economic orthodoxy, globalisation is quietly folding. Protectionism is back, self-sufficiency is in vogue, and Australia, thanks to its deindustrialised economy, largely escapes the fallout. But in a shifting world of tariffs and deficits, what comes next is anyone’s guess.
In a move as nostalgic as it is economically incoherent, Donald Trump’s proposed global tariff hike promises to punish the world’s poorest nations while claiming to revive America’s rusted-out industries. But the math is dubious, the logic muddled — and the unintended consequences, as ever, potentially vast.
Australia’s Federal Budget offers a mix of tax cuts, spending increases, and modest relief for households, but fails to address the seismic shifts in global economics. With rising defense spending and minimal solutions for mounting debt, it remains unclear whether this budget can navigate the country’s economic vulnerabilities in an unpredictable world.
What feels like turbulence in the present often reveals itself, in hindsight, as the rupture of an era. From the fall of Rome to the upheavals of today, are we witnessing mere disruption, or the twilight of an old order?
With China and Russia asserting influence, alliances shifting, and economic nationalism rising, the unipolar era may be over. Is the U.S. retreating, recalibrating, or losing control? For decades, America dictated the global order. Now, the world is learning to move without it.
With unaffordable housing pushing families into impossible choices, homelessness affecting 120,000 people, and systemic inequities deepening, we must ask: What kind of society do we want to build — and for whom?
Infinite economic growth on a finite planet is a paradox we can no longer ignore. As environmental crises deepen, solutions like the Steady State Economy offer a roadmap to balance sustainability and prosperity. Yet, transitioning from growth-centric systems raises hard questions: Can we create an economy that values life over profit?
As the climate crisis deepens, there's an urgent need for a global shift toward fairness, equity, and living well within our planet’s limits. Drawing from Pope Francis’s Laudato Si’, sufficiency thinking offers a critical, overlooked pathway to global equity and sustainability.
As cost-of-living pressures weigh heavily on Australians, could mission-driven organisations like charities and not-for-profits disrupt markets by prioritising people over profit? Empowering these organisations to compete in key markets may result in more equitable systems that address community needs.
Soaring property prices and declining fertility rates are entwined in a feedback loop, threatening long-term economic stagnation. As younger Australians are priced out of the market, many are delaying or forgoing parenthood, leading to an increasingly divided and unsustainable society.
Advanced industrial societies are running out of ideas, masking stagnation with financial trickery, which is now faltering. In contrast, developing nations can clearly advance through industrial phases, especially by building infrastructure. For them, the path to improving lives is clear; for developed nations, it remains uncertain.
1-12 out of 24 results.