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A visitor from an earlier time would be stunned to see how much we understand the world using monetary measures. Finance has come to be considered the first reality, not defined by, or reflecting, reality. To see how this creates distortions, consider GDP, which is taken to be a reliable measure of national wellbeing, but in fact is anything but.
It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.
Lately Lucky has death on his mind, and these and other various acquaintances serve as stars by which he navigates his close-held fears of impending oblivion.
Once upon a time, usury was considered a sin and lending was subject to strict controls. Now, the world is in the grip of usury. It cannot continue. At some point it will have to be retired, or swapped to equity. A good place to start is third world debt, which is the most immoral variant.
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.
Even when I was a child, I had a distinct intuition that I had lived previous lives in which I was trying to enlighten others around me. I find most people are not receptive.
There are very few examples of companies that have been able to genuinely change when confronted with new circumstances. It looks increasingly that Facebook and Google are approaching this situation. The challenge is likely to come from some quarter that is new and surprising, just as the demolition of conventional media came from companies that could have barely been imagined 20 years ago.
The push for politically correct language may be well intentioned enough, but its consequences are often appalling. It can rob us of one of the most important of all human freedoms: the right to use words to mean what we want them to mean.
The anti-Russian frenzy in the United States amounts to little more than a great deal of evidence that the intelligence community suspects there might be a great deal of evidence that the Russians have been meddling. It has to rank as one of the biggest, and most orchestrated, blind alleys of modern media coverage. When a journalist says an anonymous ‘respected source’ thinks the Russians are up to something, this writer is always left wondering: respected by whom? His dog?
To get a good idea of where employment practices are headed, a good place to start is the music industry. Musicians have been the canary in the coalmine. The gradual removal of their work place rights, and even basic remuneration, points to what happens when there are no effective constraints on employers’ behaviour. Instead, they are being offered ‘exposure’—and, as one muso quips, ‘you can die of exposure.’
We students go to school to learn. But one of the best learning experiences for me has happened outside school: helping the less fortunate by serving them food at the Sacred Heart Mission and collecting food necessities for the charity.
One lone man daring to interfere with the evil plans of the rich and powerful: it’s not exactly a new angle, but there are a few scraps of satisfaction to be found in Joel Hopkin’s latest film Hampstead – just not in the realm of originality. It’s a sleepy story that meanders along with a mildly pleasant mediocrity.
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