keywords: Capitalism

  • ECONOMICS

    Capitalism isn’t dead, it just smells funny

    • David James
    • 24 September 2019
    9 Comments

    It is easy to blame the financial sector — and the governments that were supposed to oversee the financial system but instead just washed their hands of it — for creating this global debt debauch. They certainly bear much of the responsibility. But in many ways the financial misbehaviour is as much symptom as cause.

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  • ENVIRONMENT

    The Darling's dead fish of late capitalism

    • Cristy Clark
    • 17 January 2019
    13 Comments

    A key benefit asserted to justify treating water as an economic good is that the market will encourage 'high-value' water use to be prioritised. But, as the fish of the Darling River and the people of Walgett are experiencing, the problem with commodifying water is its social and environment values are not naturally reflected in the market.

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  • 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.

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  • INTERNATIONAL

    What comes next for surveillance capitalism?

    • Lizzie O'Shea
    • 16 April 2018
    3 Comments

    Whether Facebook fails or succeeds beyond the Cambridge Analytica scandal is somewhat beside the point - we are finally starting to have discussions about the desirability of their business model. Because of course, Facebook is not the only company that strip mines data with almost sociopathic disinterest.

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  • MEDIA

    There is no such thing as capitalism

    • David James
    • 27 October 2017
    13 Comments

    In literary studies, one of the most important requirements is the need to define one's terms accurately. It has always come as a shock to me that economics is almost completely devoid of such precision. Much of the terminology of the 'discipline' of economics is either nonsense, or thinly disguised tautologies.

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  • AUSTRALIA

    Catholic voices against runaway capitalism

    • Michael Walker
    • 20 February 2017
    20 Comments

    The presidency of Donald Trump should bring a renewed focus on the dangers of unbridled capitalism. The Catholic Church has a rich trove of teachings on the subject that have been missing in action for the past 30 years. Now is the time for a well-articulated Christian message addressing such issues as widening wealth inequality fuelled by stagnant wage growth, the privatisation of public services, the financialisation of the economy (which fuels both of those trends), and tax justice.

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  • ECONOMICS

    Deciphering capitalism's corrupt metaphors

    • David James
    • 07 February 2014
    15 Comments

    'All animals are equal, but some animals are more equal than others'. This was George Orwell's parody in Animal Farm of the vicious use of language in communist states. It was one of his memorable depictions of how the absurdities of language not only reflect evil, but also predicate it. Language was a tool of oppression in communist states. In capitalism it is no less vicious.

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  • ARTS AND CULTURE

    Baz Luhrmann versus the god of capitalism

    • Tim Kroenert
    • 06 June 2013
    5 Comments

    In the 1920s New York society of Gatsby, money is literally God: benevolent to some; laying waste to the lives of others. It's a tough call whether Luhrmann has deliberately dumbed down Fitzgerald's text in order to appeal more readily to a mass market. If cinema was a medium to excite the eyes and ears while relaxing the brain, he'd be a master.

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  • AUSTRALIA

    Disaster capitalism on Manus Island

    • Michael Mullins
    • 15 August 2011
    6 Comments

    'Disaster capitalism' entails profiting from the misery of others. Papua New Guinea's motives for agreeing to the reopening of the Manus detention centre are economic. By proceeding with the plan Australia would be complicit in the exploitation of asylum seekers for financial gain.

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  • RELIGION

    Pope Benedict's greed-free capitalism

    • Paul Oslington
    • 15 July 2010

    Some commentators have latched on to Benedict's encyclical Caritas in Veritate as a new 'third way' between socialism and capitalism. This is a remarkably bad idea.

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  • RELIGION

    Capitalism's ingenious immunity to the guilty conscience

    • Scott Stephens
    • 27 February 2007
    9 Comments

    Every attempt to curb capitalism's voracious appetite, to ‘humanize’ its world-wide dominion, to place the world economy back in the service of the greater good, and thus temper its lust for unregulated growth, has not only failed, but has been assimilated.

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  • ECONOMICS

    It's the end of 'industry as usual', so what next?

    • David James
    • 22 November 2019
    5 Comments

    At the next global financial crisis, when questions about what we want our monetary system to do for us become a matter of survival, why not devise a transactional system that is not just geared towards the consumption of goods and services, but involves monetary exchanges for social goods, such as sustainable production, or civic benefit?

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