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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.
The raid on the offices of the Australian Workers Union by the Australian Federal Police demonstrates a disrespect for trade unions contrary to the Catholic tradition. The political theatre indulged in by the Employment Minister Michaelia Cash and the Registered Organisations Commission is especially worrying for the deeper attitudes it reveals.
You could be forgiven for never having heard of Deir ez-Zor. There is virtually no mention of it in the Western press, except by British journalist Robert Fisk. Yet this ancient Syrian city of just over 200,000 people on the banks of the Euphrates is the site of what looks to be the final defeat of the dream of ISIS of creating an ethnically cleansed, sectarian caliphate in Syria and Iraq.
The Nenet and Russian drivers in our convoy surveyed the scene nonchalantly. They smoked cigarettes and conversed. One of them waded into the water, ice-cold even though it was summer. Their jagged, strident Russian dialect swirled around us in an incomprehensible fog. What was going on? Would we make it across? Were we doomed? I wasn't concerned about any of these things. Indeed, I had never felt so relaxed in my life.
The general argument of the Australian Catholic Social Justice Statement on the economy is that Australia is a wealthy economy in which too many people are marginalised. In response to the litany of neglect and abuse that it details, the statement calls for a new view of the economy as the servant of people, and not vice versa.
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?
In the last few years, vested interests have changed their strategy for opposing action on climate change. Where they once focused on denying the problem, they’re now putting their efforts into sabotaging the solutions. Instead of funding fake experts to say the ‘science isn’t settled’, fossil fuel companies and their political backers have been running a smear campaign against renewable energy technologies like wind turbines, solar panels and batteries.
The daily fluctuations of financial markets and the fractious debates over economic policy are concealing something deeper and much more disturbing. The future of money itself is in question. A decade after world banking almost collapsed in the global financial crisis, the questions raised have not been answered.
One of the more interesting recent developments in finance has been the creation of Bitcoin and other crypto-currencies. They are being touted as a revolution in how we think and use money. Alternately, there are many who want to go in the opposite direction, back to the gold standard. Both sides have a common enemy: money whose value is determined by government dictate. Allowing governments to dictate in this way, they argue, is the core of the problem. To a significant extent, they are wrong.
In 1978 Kaurna/Narungga woman, Georgina Williams, said to me that Aboriginal people tend to be first on the receiving end of governmental oppressive practices and, when that works, the practices are extended to other poor Australians. Thirty-nine years later, almost every day brings new evidence of a relentless campaign against the poor, of which Cashless Cards are but one particularly vindictive example.
There is the photograph of my father's father in military uniform, an Austrian, serving in the Polish cavalry in WWI, standing ramrod straight. It is he whom I think of when I find myself dowsing my genome for answers regarding my origin, the deep pull that draws me to the late symphonies of Mozart, Rilke's angelic mysticism, and, as a child, to Krapfen and Apfelstrudel ... That grandfather died shortly after returning to his farm from the results of having been a victim of a mustard gas attack in the war.
Wealth inequality in Australia is flourishing. The top one per cent of household wealth in Australia is moving toward being 20 per cent of total wealth, and the country is a preferred destination for millionaires. With a government that prefers to impoverish and vilify the disadvantaged and spend big on coal mines, this does not look likely to shift. But there are always other paths to social justice, and in Australia one may be through the millionaires - or at least the companies on which their fortunes are built.
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