Keywords: World Bank

There are more than 200 results, only the first 200 are displayed here.

  • ECONOMICS

    The battle for the future of money

    • David James
    • 07 September 2021
    3 Comments

    There is a three-way battle looming over the future of money and the stakes could scarcely be higher. Conventional money, mainly debt created by banks — the ‘folding stuff’ is only a tiny proportion of the total — is in trouble. Total global debt is now so large relative to the world economy it cannot be serviced, which is why monetary authorities have resorted to dropping interest rates. When they almost hit zero, the next step was quantitative easing (QE): printing money by getting the central bank to buy back government and corporate bonds and putting them on its ‘balance sheet’. 

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  • ECONOMICS

    Why inflation isn't higher

    • David James
    • 12 August 2021
    4 Comments

    The biggest mystery of the financial markets is why, when the monetary authorities have been printing money with their ears pinned back, is inflation for the most part not a problem? What happens with inflation is crucial to the short-term survival of the whole system. Global debt, which is running at well over 300 per cent of global GDP, is only sustainable because interest rates are exceptionally low (the base rate in Australia is only 0.1 per cent). And interest rates are low because inflation is not a problem.

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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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  • ENVIRONMENT

    The true quiet Australians

    • Brian Matthews
    • 03 June 2021
    6 Comments

    Red gum, this ‘smooth-barked large tree that gives watercourses all over Australia their Australian feel’, seemed intent on bobbing up in my life one way or another, sometimes as a result of sheer luck or coincidence.

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  • INTERNATIONAL

    Truth lies at the heart of communication

    • Andrew Hamilton
    • 13 May 2021
    10 Comments

    There are larger and unchanging questions about why we communicate and about the effect of our communications on the way we live. World Communications Day is an opportunity to think about these basic questions.

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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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  • ENVIRONMENT

    Climate crisis, displacement and solidarity

    • Stephen Minas
    • 13 April 2021
    2 Comments

    On 30 March, the Holy See engaged with an important aspect of displacement with the publication of its ‘Pastoral Orientations on Climate Displaced People’. The intersection between climate change and human displacement is a still emerging area of concern. Nevertheless, we know that climate change is already a factor in various forms of human mobility.

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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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  • ARTS AND CULTURE

    All breathless insights

    • Earl Livings
    • 30 March 2021
    2 Comments

    Bird darts every day sometimes twice to the high bath. Perches, hops around the rim. Snaps its gaze side to side, up, down, behind. Calls out, sharp, insistent.

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  • INTERNATIONAL

    New voices of protest in Myanmar

    • Anonymous
    • 02 March 2021
    6 Comments

    The young in Myanmar have no personal memory of those events of 1988 and 2007. They are Generation Z, raised on the internet and with new ways of communicating. Their emotions overcome fear. Gen Z meets the deadly threat with humour and creative protest.

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  • FAITH DOING JUSTICE

    Keeping the common good after COVID

    • Anthony Albanese
    • 23 February 2021
    17 Comments

    What we have is a rare opportunity — in all likelihood a once-in-a-lifetime chance — to shape the future and emerge from the pandemic as a better, fairer nation.

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  • ECONOMICS

    GameStopping the system

    • David James
    • 09 February 2021
    5 Comments

    The controversy over the shares of US video game company GameStop has again exposed what has long been obvious: there is something seriously rotten in the state of the world’s financial markets. It was a battle between a hedge fund, Melvin Capital, which manages $US13 billion, and a small group of ‘amateur’ investors who communicated with each other on a Reddit forum called WallStreetBets.

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