Keywords: Savings

  • ECONOMICS

    A strange financial circus

    • David James
    • 12 October 2021
    2 Comments

    Over the last two years, money printing has created the illusion of strength in savings. But when reality resurfaces, and actual returns are required from actual economic and business activity, the global financial system will come under extreme stress. 

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  • ECONOMICS

    Labor’s embrace of Liberal tax policies leaves poor worse off

    • Chris Smith
    • 31 August 2021
    10 Comments

    In July, Anthony Albanese announced a significant change of stance on Labor tax policy which was disappointing, if not surprising. An elected Labor government, Albanese promised, would keep the coming high income tax cuts he previously opposed. This decision to not oppose the government proposal to restructure the income tax system through reduced marginal rates is supporting a government policy that will lead to a significant redistribution of wealth towards high income earners.

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  • ECONOMICS

    Homelessness is caused not by poverty but by wealth

    • John Falzon
    • 10 August 2021
    13 Comments

    When you put rising housing costs alongside stagnating wages, an alarming trend in normalising insecure work, persistent unemployment and underemployment, and statutory incomes that are going backwards in real terms, there’s good reason to be deeply worried about an increase in homelessness.

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  • ECONOMICS

    Why corporatism, not capitalism, is the root of social harm

    • David James
    • 06 July 2021
    16 Comments

    There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.

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  • ECONOMICS

    The economy is never as good as it looks and never as bad as it seems

    • David James
    • 04 May 2021
    2 Comments

    But although the Coalition will never admit it, it looks suspiciously like there has been some bipartisan institutional learning about how to manage financial crises. If you want to stimulate an economy in times of crisis put the money directly into the economy, either into people’s pockets or to businesses who then pass it on to workers.

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  • ECONOMICS

    When economic policy transcends political division

    • David James
    • 08 April 2021
    5 Comments

    It is one of the ironies of Australian political history that a policy that has profoundly benefited this country’s version of capitalism came, not from the right, but from the Labor party and unions. The mandating of superannuation payments in 1992 under the Keating government has profoundly changed Australia’s financial system.

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  • FAITH DOING JUSTICE

    How do fathers figure in?

    • Mike Kelly
    • 01 April 2021
    5 Comments

    There are many gems and reflections on ‘fathering’ in Pope Francis’s apostolic letter, Patris Corde ‘With a Father’s Heart’, in which he nominates 2021 as the year to honour the fatherhood of St Joseph. Francis’s letter is inclusive, encompassing the scope of fatherhood and the responsibilities fathering entails. ‘Fathers are not born, but made’, Francis says.

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  • INTERNATIONAL

    Giving women the opportunities to thrive

    • Kirsty Robertson
    • 09 March 2021
    11 Comments

    Empowering women and girls is also one of the most cost-effective and sustainable ways to promote positive change in a community, whether here in Australia or overseas.

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  • AUSTRALIA

    JobSeeker needs to provide a reasonable safety net

    • Joshua Lourensz
    • 04 March 2021
    4 Comments

    Many people are still doing it tough. And the many organisations who are tasked with trying to support them share a sense of dismay as we see Federal Government assistance being wound back fast. We need to increase decent work opportunities and ensure a reasonable safety net for those out of work if we want to get through this and still claim the ‘fair go’.

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  • AUSTRALIA

    Property has a social license, too

    • Andrew Hamilton
    • 25 February 2021
    16 Comments

    Discussion of housing usually focuses exclusively on its relationship to the economy. Housing is seen as property, and the most important questions are seen as having to do with buying and selling. This transactional aspect is important. It needs, however, to be seen in the light of the larger human good. From that perspective housing in all the various forms it takes in different cultures is not a possession but a human need.

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  • ECONOMICS

    October Budget rides on collective confidence

    • Joe Zabar
    • 24 September 2020
    3 Comments

    The havoc COVID-19 has wreaked on our economy has been less damaging than for some other countries. While international comparisons may help us feel better about our circumstances, the reality is that Australia’s economy is in trouble and will need more than economic first aid through measures like JobKeeper to get us back on track to recovery.

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  • ECONOMICS

    Class and COVID-19

    • David James
    • 17 September 2020
    5 Comments

    The issue of class, economic inequality, has for some time been conspicuously absent in contemporary political debate. In the wake of COVID-19, which will greatly exacerbate income and wealth disparities, such inattention must be addressed.

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