Keywords: Global Economic Crisis
There are more than 200 results, only the first 200 are displayed here.
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ENVIRONMENT
- Cristy Clark
- 17 January 2019
13 Comments
A key benefit asserted to justify treating water as an economic good is that the market will encourage 'high-value' water use to be prioritised. But, as the fish of the Darling River and the people of Walgett are experiencing, the problem with commodifying water is its social and environment values are not naturally reflected in the market.
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ECONOMICS
- David James
- 04 December 2018
7 Comments
The problem goes much deeper than a few crooked operatives and it will not be fixed by changing the corporate 'culture'. The fundamental evil is the arithmetic of compound interest. Interest on debt rises exponentially, while economic activity is linear. That means that sooner or later those in a weaker position are unable to pay.
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ECONOMICS
- David James
- 08 November 2018
1 Comment
So here is a question. Which are you? A customer, a shareholder, a worker, a citizen, or, well, a whole human being? If you answered 'customer' then congratulations, you are in line with contemporary economic orthodoxy, and boy, have we got a society for you. If you answered 'a human being' then that really is a problem, I'm afraid.
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ECONOMICS
- Binoy Kampmark
- 13 September 2018
2 Comments
It has been a decade since the banking aristocracy Lehman Brothers filed for bankruptcy in what would be the chant of doom that became the Global Financial Crisis. Today, the legacy of Lehman Brothers and the crisis it helped precipitate supply warnings of the next shock.
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AUSTRALIA
- Carolina Gottardo and Nishadh Rego
- 20 August 2018
13 Comments
This remarkable policy of what Dr Eve Lester calls 'planned destitution' combines the most extreme instincts of neoliberal, nationalist and authoritarian thinking. Fundamentally, it derives from the Minister for Home Affairs' far reaching powers to determine the rights and entitlements of non-citizens such as people seeking asylum.
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ECONOMICS
Trump's destruction of the architecture of international trade agreements and reversion to protectionism will expose the complexity of globalisation, but is unlikely to have the effect he is aiming at, which is to bring investment capital, and jobs, back to his country.
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ENVIRONMENT
In 2010, the UN General Assembly and Human Rights Council recognised a human right to water, guaranteeing access for everyone to 'sufficient, safe, acceptable, physically accessible and affordable water for personal and domestic uses'. Eight years on, it is past time that Australia incorporated this right into domestic law.
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AUSTRALIA
- Fatima Measham
- 12 April 2018
10 Comments
How comfortable does anyone really need to be? The amounts of money that get quoted in remuneration packages or property portfolios is incomprehensible to many Australians who manage to survive, even thrive, on so much less. Inequality seems to be driven by an incapacity to recognise what is enough and to stop.
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ECONOMICS
- Joe Zabar
- 27 February 2018
'Francis' statement is not one merely for theological or academic contemplation. It is in effect Francis' call to establish a new benchmark for our economy, one where exclusion and inequality are no longer a natural and accepted consequence of its operation.' Director of Economic Policy for Catholic Social Services Australia addresses the CSSA annual conference in Melbourne, February 2018.
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ECONOMICS
- David James
- 27 January 2018
7 Comments
A visitor from an earlier time would be stunned to see how much we understand the world using monetary measures. Finance has come to be considered the first reality, not defined by, or reflecting, reality. To see how this creates distortions, consider GDP, which is taken to be a reliable measure of national wellbeing, but in fact is anything but.
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ECONOMICS
- David James
- 12 December 2017
1 Comment
It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.
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AUSTRALIA
- Sonia Nair
- 12 December 2017
12 Comments
The world is often characterised as porous and easy to manoeuvre in this age of unparalleled technology and a globalised economy. But it's only ever been this way to people who have a combination of a particular passport and cultural heritage, particularly in settler colonial nations such as Australia.
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