section: Economics

  • 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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  • ECONOMICS

    Ways out of the capitalist rabbit hole

    • David James
    • 21 October 2019
    5 Comments

    Recognising that financial systems are a human creation rather than natural systems governed by 'capital flows' would be an important step to conceiving a more robust and equitable system. To ask what kind of society we want and only then work out what we want money to do for us is to put the horse back in front of the cart.

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  • 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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  • ECONOMICS

    Inside US and China's dodgy economies

    • David James
    • 07 September 2019
    6 Comments

    One of the ironies of the intensifying tariff war between America and China is that that neither of the two giants seems to have a viable economic model. Both countries' systems are based on dodgy financial engineering and printing money, or just inventing new types of money out of thin air.

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  • ECONOMICS

    NZ's riposte to modern economic myths

    • David James
    • 02 July 2019
    5 Comments

    While money can be transacted for things that are bad — air pollution, road deaths, cigarette ads — as long as more transactions occur, it creates the illusion the economy is growing, which, ipso facto, is good. Thus, Japan's GDP rose sharply after the tsunami disaster. New Zealand's initiative will track better what is really happening in the country.

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  • ECONOMICS

    Lines drawn for Trump's economic war

    • David James
    • 07 June 2019
    5 Comments

    The globe is being split into two, with Australia nervously sitting between the two sides: America and China. At least we have a trade deficit with America so are not an immediate target. But we might want to consider becoming more self-sufficient and broadening our industrial base.

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  • ECONOMICS

    Could Labor fuel a property revolution?

    • David James
    • 07 May 2019
    5 Comments

    The Australian economy rests on a decades-long property gamble that has disenfranchised younger generations. It is why the differing policies of the two major parties at the federal election take on an unusual significance. The voters' choice will go a long way towards determining if that generational split will get better or worse.

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  • ECONOMICS

    Work as gift rather than transaction

    • Andrew Hamilton
    • 10 April 2019
    15 Comments

    It is in the interests of companies and the people who compose them to see the relationships that constitute work more broadly than the image of transaction allows. In a good enterprise work is a form of self-transcendence through relationships with other workers, with the people whom they serve directly and with the broader society.

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  • ECONOMICS

    Charity is no substitute for justice

    • John Falzon
    • 22 March 2019
    13 Comments

    The work of charities, including the generous work of volunteers, should not be a means of letting governments off the hook. People do not want to have to rely on charity; they want to be able to count on justice. And charity is never a substitute for justice. But it becomes so when governments abrogate their responsibilities.

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  • ECONOMICS

    Election sweeteners a family affair

    • Joe Zabar
    • 21 February 2019
    5 Comments

    Both Labor and the Coalition would be wise to consider revisiting the Howard-era Family Tax Benefits to provide targeted relief to families. Both have taken their share out of the FTB bucket as a way to balance the budget. By doing so, they have left many families worse off. The restoration of some of the cuts to FTB would be a good a start.

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  • ECONOMICS

    Breaking down Hayne's humanistic report

    • R. P. Lim
    • 07 February 2019
    2 Comments

    Hayne's report brings into play ideas surrounding collective humanistic values and goals, and natural law principles based on commonly understood ethics and moral standards. What is striking is how the financial services industry has dehumanised consumers, and those within the industry providing the services at the frontline.

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  • ECONOMICS

    Venezuela beset by American dirty tricks

    • David James
    • 30 January 2019
    14 Comments

    If you wish to peer into the heart of darkness, the nexus between big oil and big money is a good place to start. Those who control the energy market and the financial markets control the world. The latest victim of this brutal intersection is Venezuela, a country that has made the mistake of having the biggest oil reserves in the world.

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