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The world’s financial markets are afflicted by a deep irrationality that imperils their very existence. On the surface, finance looks logical enough with its numbers, charts, mathematics, forecasts, ‘modelling’ and so on. But this only masks the fact that the system itself has been working on underlying assumptions that are either contradictory — such as that you can ‘deregulate’ finance when finance consists of rules — narrow minded or absurd.
The leaders of these nations, as well as acting amorally, have also apparently thrown the ideal of common civility to the winds. What are we to make of heads of government who hurl insults and are economical with the truth, use the gag continually, and turn their backs when those in opposition are speaking?
The response to COVID has invited reflection about the relative value of one human death (and so of one human life) as compared with another. This is a radical question because it makes us ask whether the value of a human life is defined by economic wellbeing and by potential contribution to the economy, or by deeper qualities.
Beyond the announcement of the corona supplement falling from $550 to $250 a fortnight in September, and the reintroduction of asset testing, there has been little in the way of a roadmap for our nation’s unemployed in a landscape where job seekers outnumber jobs 13:1.
The pandemic has lit up the areas in which our neoliberal economies are basically unfit for the purpose of providing healthy and safe environments — whether it be privatised aged care homes and quarantine services or ‘the gig economy’, which forces sick people to ‘soldier on’ infecting people as they go. One area that has been rather less considered, however, is disability.
Google likes playing the equality-for-all card in the news business. This, from a company that behaves, across the provision of its services, monopolistically and ruthlessly.
The full economic impact of the coronavirus lockdowns will not be fully felt until the end of the year, but it will be devastating. The Treasurer, Josh Frydenberg, is already estimating that the effective employment rate is 13.3 per cent; it may be headed for as high as 20 per cent. It raises a question, not just in Australia, but in many developed countries. Will there be a significant middle class left after such economic destruction?
A commonly heard phrase, or rather media cliché, is that after the COVID-19 crisis ‘things will never be the same.’ It is an understandable sentiment, given the seemingly unprecedented nature of recent events. But how novel is what happened, and how much will actually change?
When a distinguished journal is caught unawares in its editorial judgment, others will cheer at the burning house. The academic business is a tough one, and at its core is an exaggerated virtue that often conceals core defects.
In thinking through how social services can contribute to what society or the economy needs in light of the ramifications of COVID-19, Catholicism and communism are not two traditions that probably come to the mind for most. But for the kind of thinking that governance and leaders require to make good decisions in and beyond a time of crisis, there are people and concepts from each tradition that we can learn from.
Over the past few weeks we’ve seen the government pull out all the stops in an attempt to convince the Australian public to download the COVIDSafe App. There are plenty of issues with the app itself, including its technical flaws, and valid concerns around data privacy, security and the normalisation of surveillance. But the other fascinating aspect of COVIDSafe has been the commentary surrounding the app.
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