Keywords: Global Financial Crisis
There are more than 200 results, only the first 200 are displayed here.
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ECONOMICS
- David James
- 13 August 2014
1 Comment
In 1976 management thinker Peter Drucker said the real owners of the stock market were workers, through their pension funds. A similar broadening of ownership has occurred in Australia since the creation of compulsory superannuation. But intermediaries called fund managers still stood between the people and ultimate control of their financial destiny, until the rise of the Self Managed Super Fund (SMSF).
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AUSTRALIA
- Andra Jackson
- 04 August 2014
25 Comments
While the Federal Government continues to cast around for other Pacific nations and Cambodia to take in refugees held on Manus Island and Nauru, it has one ready solution right on its own doorstep. It is a place that has been calling out for help to counter its falling population and its prolonged economic crisis. It is an Australian territory and one that is already receiving Australia's financial support.
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ECONOMICS
As the Pope and economist Thomas Pikkety have observed in recent times, the inequity created by capitalism is a growing concern. But the problem with this argument is that 'capitalism' is too broad a term. The attack would be far better directed against the financialisation of developed economies. A new type of sovereign has emerged, and like all rulers they are cheerfully engaging in acts of plunder.
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ECONOMICS
- Brian Toohey
- 11 June 2014
15 Comments
The superannuation industry inhabits a cosseted world in which the money pours in thanks to a combination of government compulsion and tax concessions. The foundations of this empire are criticised for how the tax concessions create an expensive form of upper class welfare, and for the harmful effect of compulsory super's artificial expansion of the finance sector. The Abbott Government shows scant concern about either aspect.
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ECONOMICS
In politics, one should never opt for a balanced and thoughtful description of the truth when wild exaggerations will do. Especially when you want to take from the poor and give to, if not exactly the rich, at least the investor class. The dire pronouncements from the Abbott Government in response to the Commission of Audit's 86 recommendations reflect not only the PM's relentless negativity, but also more than a whiff of class war.
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ECONOMICS
- David James
- 26 March 2014
6 Comments
Removing the requirement that financial advisers act in the best interest of their clients will reveal financial advisers for what they really are: salespeople for the banks' wealth management platforms. Tony Abbott argues that the changes will remove 'red tape' and declaimed: 'We're creating the biggest bonfire of regulations in our country's history.' This is a duplicitous use of language that misunderstands how the finance sector works.
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ECONOMICS
- Bruce Duncan
- 04 February 2014
14 Comments
The budget problems are not caused by Newstart or disability pensions, which have been declining as a proportion of economic activity. Had the Howard Government not been so generous with its tax cuts to upper and middle income groups, there would today be no budget deficit.
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ARTS AND CULTURE
- Tim Kroenert
- 23 January 2014
5 Comments
If ultimately Belfort's comeuppance for his innumerable evils is modest, and his lessons remain unlearned, it is deeply and frighteningly ironic, in a way that has parallels in the real world. The global financial crisis resulted precisely from the kind of unbridled amorality that the characters in The Wolf of Wall Street gleefully embrace. Money is their morality. Lives are left battered and bruised, but the Wall Street party keeps raging on.
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AUSTRALIA
- John Falzon
- 16 January 2014
1 Comment
Kevin Rudd says we need a 'new politics' or a 'new way'. Tony Abbott says we'll only get a new way by electing a new government. What is missing in both statements is the recognition that what we actually need is a new kind of economic democracy: a reconfiguration of our economic prioritising away from individualism towards the common good, and towards the participation of all rather than the exclusion of many.
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INTERNATIONAL
- Duncan MacLaren
- 10 January 2014
While any man's death diminishes me because I am involved in mankind', I must admit to pouring a glass of good malt at the news of Thatcher's passing. The Southern English may laud her as the greatest prime minister after Churchill but for us Scots she was a hate figure who in the last days of her premiership scarcely dared to cross the border for fear of being assassinated.
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AUSTRALIA
- Ray Cassin
- 13 December 2013
33 Comments
The immediate responsibility for this looming economic disaster rests with the Abbott Government, and not merely because of its use of a bullying speech in Parliament by the Treasurer, Joe Hockey, to goad Holden into announcing a decision that its masters in Detroit had probably already taken. In the longer term, this should be seen as a bipartisan disaster. What happened this week was the culmination of a process that began under Hawke.
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AUSTRALIA
- Tony Kevin
- 08 November 2013
23 Comments
The Coalition's impending destruction of the Australian car industry by calculated public stalling of decisions on government assistance is shaping up as its most disastrous high-visibility policy blunder. This industry — but none other — is to be wilfully abandoned as a victim of rigid free-market economic ideologies. It does not make sense, in economic, social or national security terms. This is Australia's version of US Tea Party budget brinkmanship.
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