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An accelerating number of institutions and individuals are moving their money out of planet-heating fossil fuels and into climate solutions. The total assets guided by some form of divestment policy was $3.4 trillion at 2 December last year, 50 times more than what was up for divestment 12 months earlier. It sounds like a lot, but it's a small amount compared to the $100 trillion-plus invested in the usual way. That's our money, in banks and super funds, managed funds and insurance companies.
Mustafa speaks very good English, and his professional skills are going to help him get work in Australia. He is not going to take an 'Australian's job' - he will work and contribute to the economy, as we all try to do. Ali's situation is far less certain. He came on a boat after being approved as a refugee by the UNHCR in Indonesia. He saw no movement in resettlement from Indonesia so he came to Australia. He is one of the thousands who, if they can prove their refugee case, only get a temporary visa.
There is little doubt that the means to dramatically reduce the amount of pollution produced by developed economies is already theoretically available. It is perfectly possible to redesign industrial systems so that they do not pollute and do not consume finite resources at a rate that is unsustainable. But it requires a radical shift - and the biggest barrier to that shift occurring, the financial markets, is barely even mentioned in discussions of the challenge.
Living within the United Nations community I've witnessed Australia fall from a well-respected international citizen, to becoming the spoilt, sneaky brat of international relations. Even the most blasé glance at the geo political currents moving through the planet reveal complexities this election pretends don't exist. Australians fighting about jobs and growth in the corner comes across as deeply deluded isolationism. The Great Barrier Reef is dying. The world is watching. Hello Australia? Anybody home?
All politicians and political parties select the statistics and 'frame' that best suits their position. But even among the slippery-tongued ranks of federal parliamentarians, Greg Hunt is in a league of his own. The frustrating thing is that proving him wrong is almost counterproductive. One of the main reasons for stalled action on climate change is the issue has become overly abstract. Debating technicalities with the Environment Minister just reinforces these ways of viewing climate change.
Labor has built a small poll lead over the Coalition as led by the eminently more marketable Malcolm Turnbull, and in this case the commentariat are willing to give Shorten and Labor the credit. They're the ones controlling the policy conversation and setting the agenda, and it feels like the government are just responding in turn. Who is this Bill Shorten? This is someone who even a few months ago would be largely inconceivable in the top job, but now seems at the very least plausible.
Many people have hoped that when global warming manifested itself as a concrete threat, politicians would be forced into action. Yet it's becoming horrifyingly clear that the political class is quite willing to let the Great Barrier Reef, one of the natural wonders of the world, slowly die. If we want to save the reef, we're going to have to do it ourselves. The Franklin dam blockade of 1982-1983 transformed the political climate and preserved an iconic river. We need to recapture that energy.
The evidence of misbehaviour by banks has become public at a time when the underlying ideology has also been criticised. The inherent unlikelihood that an economy based on individual greed will benefit the whole of society is now patent. It is seen as much more likely that unregulated competition for material gain will lead to the concentration of wealth in the hands of the wealthy and powerful. Evidence now suggests that inequality hinders the economic growth it was presumed to nurture.
Universities and the CSIRO are attacked and funds cut while the government promotes an 'ideas boom'. Creative industries and the Australia Council are diminished and investment slashed while the government talks of an 'innovation agenda'. It takes confidence in your own skill as a decision-maker to recognise the expertise of others as something you don't share but can benefit from. Instead we see nervous leadership, too anxious to trust in those who can build that future.
The irony of trying to negate these stereotypes is that in doing so, we are still cheapening asylum seekers to political tools, stripping them of their humanity and multiplicity. Aiming to counter such rhetoric as Dutton's with stories of high-achieving refugees plays into a toxic game that legitimises the same negative stereotypes by engaging with them. Just as invisibility dehumanises asylum seekers, so does the hypervisibility we attribute to a select few stories.
The bishops speak less trenchantly than Pope Francis, who criticises sharply the assumptions and practices of neoliberal economics. But in the context of this election, they add their voice to that of those who are concerned about economic assumptions that enrich the few and exempt corporations and business from social responsibility. Their statement will encourage those who see the now notorious behaviour of banks, finance business and corporations as symptomatic of a vicious economic ideology.
Pope Francis is determined to highlight the opposition of Christian social thinking to the tenets of neoliberalism or market fundamentalism, an ideology which assumes that free markets of themselves will produce the best outcome, and which pushes aside considerations of social or distributive justice. It is unlikely Francis would be waving the flag of social justice so boldly on the world stage had Pope Leo XIII not written his famous social manifesto, Rerum Novarum, 125 years ago.
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