Welcome to Eureka Street

back to site
Forgot your password?
Subscribe

Keywords: National Debt

  • ECONOMICS

    The true lesson of capitalism

    • David James
    • 15 January 2019
    2 Comments

    One of the most basic distinctions in finance, with which any stockbroker or fund manager is familiar, is that between equity and debt. As the global economy teeters on the edge of a debt and banking crisis, with global debt more than 300 per cent of global GDP, the merits of equity is something that needs to be better understood.

    READ MORE
  • ECONOMICS

    Compound interest is the root of banks' evil

    • 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.

    READ MORE
  • AUSTRALIA

    A bill of rights for the age of technology

    • Kate Galloway
    • 29 October 2018
    2 Comments

    A robust human rights framework would hold government to account in its own deployment of technology such as 'robodebt'. It would also provide protections against the government's increasing attempts to control data through legislation — where data is collected and deployed using diverse technologies.    

    READ MORE
  • ECONOMICS

    Trump's thuggery is changing world finance

    • David James
    • 05 October 2018
    5 Comments

    That Trump is a narcissistic braggart was never in doubt. The more intriguing question was always how a businessman would behave once he became president. His administration sees business-style standover tactics as a thoroughly good option. The system-wide shifts that are resulting may have a lasting impact.

    READ MORE
  • AUSTRALIA

    Au pair visa saga shows the rot runs deep

    • Fatima Measham
    • 30 August 2018
    11 Comments

    Perhaps we couldn't care less about what happens to an au pair or the person who let her in. But to know that there is rot in the ceiling — embodied in relationships of mutual benefit between those in office and those with money — and still be fine retiring to bed underneath, does not really bode well for anyone.

    READ MORE
  • INTERNATIONAL

    All hail Queen Jacinda

    • Morgan Godfery
    • 02 July 2018
    3 Comments

    New Zealand’s Jacinda Ardern is a global celebrity: a prime minister on parental leave and a social democrat who can actually win elections. But is New Zealand really the left-wing paradise the global left wants it to be?

    READ MORE
  • RELIGION

    A stringent critique of financial abuse

    • Bruce Duncan
    • 30 May 2018
    5 Comments

    The Vatican has launched a stringent critique of abuses in global economies, abuses that are driving astonishing inequality and threatening ecological sustainability. 'Oeconomicae et pecuniariae questiones' reiterates the call for an urgent dialogue between politics and economics to advance human life and wellbeing.

    READ MORE
  • INTERNATIONAL

    Our flailing aid created a Pacific problem

    • Eliza Berlage
    • 19 April 2018

    China and India are rising global powers, thanks to a burgeoning middle class, huge export markets and military might. So why wouldn't they take the western retreat from the Pacific as an invitation to dance? But their support comes with a crippling debt levels and the potential for a favour to be called in down the line.

    READ MORE
  • AUSTRALIA

    Policy solutions to bonkers housing costs

    • Gabriela D'Souza
    • 06 April 2018
    5 Comments

    I was in Sydney recently, and within less than an hour of my arrival of the airport, I was thrust into a conversation about how completely unaffordable the city was becoming. 'Bonkers' was the general consensus. But how did it get this bad and what can be done to repair the current state of affairs?

    READ MORE
  • ECONOMICS

    No economy of exclusion and inequality

    • 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.

    READ MORE
  • EDUCATION

    It's time to revisit free education

    • Osmond Chiu
    • 10 November 2017
    7 Comments

    Dissatisfaction and concern about falling living standards for future generations is leading to longstanding policy assumptions being rethought. Nothing symbolises this more than tertiary education. Across the world, a decades-long trend towards user-paysis now being reversed. It is time for Australia to follow suit.

    READ MORE
  • AUSTRALIA

    A mate's take on Rudd’s call to arms

    • Frank Brennan
    • 30 October 2017
    9 Comments

    The ogre in the book is John Howard, whom Rudd holds personally responsible for the attacks on Therese's decency and integrity in the lead up to the 2007 election. Rudd contends this 'cowardly behaviour' should not be forgotten, 'If only because this same ruthlessness remains a core part of the conservative DNA to this day'.

    READ MORE