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Keywords: Economics

  • MEDIA

    2015 in review: The roots of troll culture

    • Jeff Sparrow
    • 12 January 2016

    The common perception of internet trolls is that they are outsiders descending on a particular platform in order to wreck it. But there is a close relationship between trolls and the culture in which they operate. If you're a publisher seeking virality, you need to foster the strong emotions in which social media trades. Getting people to love your content is great, but outrage, incredulity and even hatred also work.

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  • ECONOMICS

    New world order of gas and finance

    • David James
    • 15 December 2015
    3 Comments

    In the early 1990s, America, Europe and Japan accounted for about 90 per cent of world GDP. Now, they account for less than half. The BRICs and other developing nations have grown steadily (in China's case spectacularly) while Europe has stagnated and America has sputtered at best. Recent developments in the geopolitics of fossil fuels and in finance confirm the perception that the rise of China and the developing world spells the end of US global hegemony. Against this backdrop, the narrative of the West has grown increasingly incoherent.

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  • INTERNATIONAL

    Francis sticks in Republicans' craw

    • Fatima Measham
    • 30 September 2015
    28 Comments

    The only people who regard Francis as radical are those who think popes should only attend to matters of personal conscience. Topics such as abortion and same-sex marriage are safe zones for comment because they don't concern the economic order, or threaten systems that generate wealth for the few. But Francis has smudged the line between faith and economics in a way that many conservatives find inconvenient.

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  • AUSTRALIA

    The roots of troll culture are closer than we think

    • Jeff Sparrow
    • 25 September 2015
    6 Comments

    The common perception of internet trolls is that they are outsiders descending on a particular platform in order to wreck it. But there is a close relationship between trolls and the culture in which they operate. If you're a publisher seeking virality, you need to foster the strong emotions in which social media trades. Getting people to love your content is great, but outrage, incredulity and even hatred also work.

    READ MORE
  • AUSTRALIA

    The type of leadership Australians want

    • Paul Jensen
    • 21 September 2015
    5 Comments

    Malcolm Turnbull's main justification for challenging Tony Abbott was that the former PM was not capable of providing the economic leadership the nation needs. Abbott's leadership style emphasised strength rather than consultation, which is what he thought people wanted. What they actually wanted was revealed in a recent survey conducted by Swinburne University.

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  • ECONOMICS

    Chinese economy a work in progress

    • David James
    • 14 September 2015
    1 Comment

    The recent ructions in the Chinese stock market set off great consternation in global financial markets, but for the most part this was a display of ignorance. One of the reasons China’s influence on global markets has been so beneficial, since at least 2007, is that its economy and financial markets are so different.

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  • AUSTRALIA

    The emptiness of reform rhetoric in Australian politics

    • Jeff Sparrow
    • 08 September 2015
    5 Comments

    The recent National Reform Summit was lauded as an attempt to 'rediscover the art of reform that in the past generation helped to drive high living standards and made Australia the envy among smart nations'. Yet the urgency with which Australian pundits demand 'reform' corresponds with a peculiar opacity about what the term actually means, with its past association with the socialist movement but more recent appropriation as a neoliberal mantra. 

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  • ECONOMICS

    Rich retirees may need the aged pension

    • David James
    • 31 July 2015
    6 Comments

    There has been great pressure on both of the major political parties to stop giving so-called rich retirees partial pension income. The conventional view has become that retired millionaires should not be feeding off the public teat. But in terms of income, many of those 'rich retirees' would actually be better off on the pension.

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  • RELIGION

    'The Australian' gangs up on Pope Francis

    • Bruce Duncan
    • 10 July 2015
    37 Comments

    In a series of articles, The Australian newspaper has strongly criticised the new encyclical Laudato Si', with editor-at-large Paul Kelly charging that the Pope has 'delegitimised as immoral' pro-market economic forces. This is wrong. Pope Francis is not opposed to the free market in principle, but insists that it be well regulated to ensure social justice for all involved.

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  • ECONOMICS

    The IMF has failed Greece

    • David James
    • 01 July 2015
    6 Comments

    International Monetary Fund prescriptions have a long history of failing, and countries that ignore them are often the ones that do surprisingly well. Few have been asked to be more servile than the Greeks. When the IMF came in with what is amusingly referred to as its austerity 'plan', the Greek economy was expected to grow at over 2 per cent. After the 'plan' had taken effect, the country’s economy had shrunk by a quarter.

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  • ARTS AND CULTURE

    Two goats, a sheep and Grexit

    • Gillian Bouras
    • 01 July 2015
    4 Comments

    In the early hours of Saturday, Prime Minister Alexis Tsipras had announced a referendum for July 5. Whether the average Spiro and Soula has much idea of the macroeconomic issues seems doubtful. I certainly haven’t. And there is not much time for them or me to learn. Spiro and Soula and I are naturally concerned about the supply of ready cash.

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  • ARTS AND CULTURE

    A rant about America's weapons fired economy

    • Brian Doyle
    • 17 June 2015
    22 Comments

    Here's a story. A man who was a soldier in the American army in Iraq tells it to me. A friend of his, one of his best and closest friends, was nearly pierced through by a bullet fired by a sniper. American surgeons removed the bullet and discovered it was a 5.56mm cartridge manufactured in Lake City, Missouri. For profit.

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