keywords: Global Economic Crisis

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  • RELIGION

    Encyclical's groundbreaking critique of technology

    • Paul Collins
    • 15 July 2015
    9 Comments

    While Francis has no time for technological solutions and 'fixes' for complex ecological problems, he is no techo-Luddite. What he does is link technological knowledge to power and says that those with this knowledge and the economic resources to use it, gain 'an impressive dominance over the whole of humanity and the entire world.'

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  • RELIGION

    'The Australian' gangs up on Pope Francis

    • Bruce Duncan
    • 10 July 2015
    37 Comments

    In a series of articles, The Australian newspaper has strongly criticised the new encyclical Laudato Si', with editor-at-large Paul Kelly charging that the Pope has 'delegitimised as immoral' pro-market economic forces. This is wrong. Pope Francis is not opposed to the free market in principle, but insists that it be well regulated to ensure social justice for all involved.

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  • The challenge of education for social justice

    • Frank Brennan
    • 08 July 2015
    3 Comments

    I suspect Pope Francis had some of our Jesuit alumni in mind when he wrote in his encyclical Laudato Si: 'A politics concerned with immediate results, supported by consumerist sectors of the population, is driven to produce short-term growth... True statecraft is manifest when, in difficult times, we uphold high principles and think of the long-term common good. Political powers do not find it easy to assume this duty'.

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  • ECONOMICS

    The IMF has failed Greece

    • David James
    • 01 July 2015
    6 Comments

    International Monetary Fund prescriptions have a long history of failing, and countries that ignore them are often the ones that do surprisingly well. Few have been asked to be more servile than the Greeks. When the IMF came in with what is amusingly referred to as its austerity 'plan', the Greek economy was expected to grow at over 2 per cent. After the 'plan' had taken effect, the country’s economy had shrunk by a quarter.

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  • ARTS AND CULTURE

    The dark side of a migrant's American Dream

    • Tim Kroenert
    • 05 March 2015

    Abel's life is pointedly contrasted with Peter's, a young truck driver who has been the victim of several violent assaults on the job. Peter idolises Abel, for whom the Dream has apparently come true — if Abel can make it, so too can Peter. The problem is that Abel's Dream stands on the backs of ordinary workers like Peter. Peter is a tragic antihero coming to learn that for many, the Dream will remain just that.

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  • AUSTRALIA

    Obama misfires on Russian 'threat'

    • Tony Kevin
    • 28 January 2015
    15 Comments

    In his State of the Union address last week, President Obama drew rare bipartisan applause with his anti-Russian rhetoric when he said the US was ‘upholding the principle that bigger nations can’t bully the small’. The Cold War ended 25 years ago, yet the desire to weaken Russia has never gone away. This is nonsense. Russia poses no threat to the west. It is just another country trying to make its own way in an unfriendly world.  

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  • AUSTRALIA

    Australia turns its back on a world in need

    • Paul O'Callaghan
    • 12 December 2014
    14 Comments

    As we prepare to mark the tenth anniversary of the Boxing Day tsunami, Australia's proud achievement in being the largest per capita provider of overseas aid at the time is being overshadowed by reports of further devastating government cuts to our aid program. Successive cuts - including 20 per cent in the May Budget - mean that we are starting to be seen as a country turning inwards. 

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  • ECONOMICS

    Hapless Joe Hockey

    • David James
    • 10 December 2014
    12 Comments

    One of the fascinating aspects of Australia's political pantomime is the manner in which the Federal Treasurer is forced to metamorphose into a used car salesman who is spruiking the Australian economy. One reason for the relative impotence of the Treasurer is that the Federal government only has control over fiscal policy. Monetary policy, the interest rate, is set by the Reserve Bank, not the government.

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  • ECONOMICS

    Why the rich are getting richer

    • David James
    • 19 November 2014
    6 Comments

    Investing capital in the production of goods and services may create jobs, but it's not the best way to make money. It's more profitable to manipulate the financial system to create more money from money, which is why the finance sector does so well. The polarisation of wealth is less extreme in Australia, but we have our own capital-driven Ponzi scheme - the residential property market, which has become an exercise in making money out of money. 

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  • AUSTRALIA

    Pope's G20 hospital pass to Abbott

    • Andrew Hamilton
    • 14 November 2014
    18 Comments

    The news that Pope Francis has written a letter to Tony Abbott makes one pause. It is usual for Popes to write such letters, and luckily this one is no shirtfront. Instead it will probably be treated as a hospital pass. The trouble with swerving away from hospital passes, though, is that the watchers may see you as cowardly.

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  • AUSTRALIA

    Hervey Bay boat arrival from Ireland

    • Frank Brennan
    • 22 September 2014
    5 Comments

    Considering my indebtedness to the two Aborigines who met [my family's ship arriving in Hervey Bay from Ireland] 151 years ago, I owe it to all my fellow Australians to agitate these issues of law, morality and politics here in Ireland so that back in Australia, the homeland which, in my religious tradition, was known as the Great South Land of the Holy Spirit.

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  • MARGARET DOOLEY AWARD

    Inequality matters

    • Harry Maher
    • 20 August 2014
    14 Comments

    Inequality is dangerous. And inequality is at a near all-time high. At its core, the Government’s recent budget not only engenders but actively exults in the creation and maintenance of inequality, a phenomenon rapidly expanding not just in Australia, but around the world.

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