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Keywords: Debt

  • CARTOON

    Robodeath

    • Glen Le Lievre
    • 11 July 2023

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  • ECONOMICS

    Dawn of the multipolar world: A new order in global finance?

    • David James
    • 13 June 2023
    1 Comment

    From Moscow to Beijing, a change in global finance looms, set to challenge the long-standing economic hegemony. This imminent shift could redefine global power structures, disrupt currency markets and international trade. Amidst this uncertainty, one thing is clear: the game of geopolitical chess is no longer played on a Western-centric board.

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  • ECONOMICS

    When transactions mask reality

    • David James
    • 01 May 2023

    As the economy becomes more focused on monetary exchange, we overlook underlying realities that are hidden from plain sight. Largely invisible aspects of our economic life such as transactionalisation and industrial efficiency are transforming our society and can shape our future in unexpected ways. So what does this mean for the future of capitalism and our society?

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  • AUSTRALIA

    How to pay for things we want

    • Joe Zabar
    • 19 April 2023
    2 Comments

    The upcoming federal budget in May presents a crucial moment for the Albanese Government to address pressing challenges while restoring trust in political institutions. Transparency, integrity, and meaningful relief for households will be key to defining the government's path forward. 

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  • ECONOMICS

    The debt crisis we all saw coming

    • David James
    • 03 April 2023

    As the collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse poses a renewed threat to the global financial system, the question arises: how can we manage out-of-control debt? With global debt exceeding 230 per cent of GDP, could nationalising banks be the solution to the ongoing crisis, or will the debt merry-go-round continue to spin out of control?

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  • ECONOMICS

    Ballooning risks of finance fictions

    • David James
    • 14 March 2023

    Was Russia's removal from the SWIFT system the moment when the global financial system detached itself from reality? The financial system is at risk from unpayable debt and the delusion that money can be created out of money itself, and wider trust underpinning finance is steadily evaporating.

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  • ENVIRONMENT

    Storm brewing over Pacific nations as climate and debt crises collide

    • Cardinal Soane Patita Paini Mafi
    • 06 March 2023
    4 Comments

    Increasingly frequent and severe weather events are leaving Pacific Island nations struggling to rebuild. The region needs nearly US $1 billion per year in financing to adapt to climate change but with lengthy delays and complex grant applications, accessing funds is a challenge.

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  • ECONOMICS

    Daring to intrude in the dismal science

    • Andrew Hamilton
    • 02 March 2023
    3 Comments

    As politicians and economists search for a simple solution to inflation, high debt, and rising interest rates, Australia's inequality has become a defining feature of its economy. As the fear of unintended consequences and the power of vested interests loom large, incremental reform may be the only way to reduce inequality and serve the common good.

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  • AUSTRALIA

    When Robodebt came knocking was anyone home?

    • Andrew Hamilton
    • 23 February 2023
    8 Comments

    The Robodebt Scheme's Royal Commission revealed ethical insensitivity and a disregard for the rule of law by administrators. Suicides of vulnerable people were ignored in the quest for revenue, which may indicate a more extensive corruption of government and administration.

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  • AUSTRALIA

    Robodebt and the human cost

    • Joe Zabar
    • 14 February 2023
    2 Comments

    The Robodebt Scheme promised billions in savings, but became a $1.8 billion failure labeled as 'a shameful chapter in public administration' by the Federal Court. The government was forced to settle a class action and wipe the debts of 381,000 people. Beyond the human cost, these failures point to a welfare system due for an upgrade. 

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  • ECONOMICS

    In finance, story matters most

    • David James
    • 16 November 2022
    1 Comment

    Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it. 

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  • ECONOMICS

    Real world problems can’t be solved by finance fictions

    • David James
    • 18 October 2022
    3 Comments

    The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality. 

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