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Keywords: Economist

  • AUSTRALIA

    Unskilled immigration is good for Australia

    • Gabriela D'Souza
    • 09 November 2015
    10 Comments

    George Megalogenis describes a protest rally in 1849 organised by residents of Sydney against arrivals of more convict boats. Workers who 'wanted to maintain their high-wage society' made 'the first of countless calls that would be made against migrants who threatened to undercut their standard of living'. It is a familiar refrain today. In a world where three-fifths of a person's income is determined by their place of birth, it defies logic that we place restrictions on people's movement to preserve our standard living.

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  • ENVIRONMENT

    Political roadblocks to Sydney's electricity evolution

    • David James
    • 05 November 2015
    2 Comments

    In the early 1990s London engineer Allan Jones took the suburb of Woking off the grid by establishing a system of tri-generation, which reduces waste by generating power locally. The Sydney City Council employed Jones in 2009 to bring the same approach to Australia. But regulations from previous eras that greatly favour the incumbent power companies are preventing any meaningful change. Once again we find that the main challenges with tackling global pollution are not technical, but political.

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  • AUSTRALIA

    Why Pope Francis is not an anti-Capitalist greenie

    • Frank Brennan
    • 23 October 2015
    4 Comments

    Francis knows there are all sorts of issues inside and outside the Church where for too long people with power have tried to keep the lid on, in the hope that the problems and complexities will go away, often by parodying those who see the problems or complexities as small 'l' liberals or cafeteria Catholics. He delights in being joyful and troubled while contemplating big problems, calling people of good will to the table of deliberation reminding them of the kernel of the Christian gospels. He has the faith and hope needed to lift the lid without fear and without knowing the answers prior to the dialogue occurring.

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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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  • AUSTRALIA

    Joe Hockey's 'better bang' foreign aid cut delusion

    • Michael Mullins
    • 18 May 2015
    38 Comments

    As a nation, we have demonstrated to the world that we have no shame when it comes to the treatment of asylum seekers. Now it's as if the aid cuts are being worn as a badge of honour. Joe Hockey talks about the 'targeted outcomes' philosophy of the cuts, 'build[iing] the prosperity and assist[ing] with poverty alleviation in our region', in order to get 'better bang for our buck in foreign aid'. But leading aid economist Stephen Howse argues the opposite.

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  • AUSTRALIA

    Hope I die before I get (really) old

    • Brigitte Dwyer
    • 17 April 2015
    13 Comments

    Economists and politicians see productivity as our only hope for the future. We continually assess the productivity of people we meet, with the default question 'What do you do?' The worth of a person can be tied to their productivity, particularly that of older people. Those who advocate legal euthanasia can find it hard to accept that an unproductive life might be worth living.

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  • ECONOMICS

    Joe Hockey's crystal ball

    • David James
    • 06 March 2015
    8 Comments

    The 2015 Intergenerational Report is reminiscent of a comment by that great 20th century philosopher and baseball player Yogi Berra: 'It’s tough to make predictions – especially about the future.' Many economic commentators have pointed out, rightly enough, that Treasury cannot even get its one year predictions right. Nevertheless, it is worth looking at how the 40 year forecasts are constructed to see the kind of thinking involved.

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  • AUSTRALIA

    McClure Report a challenge for the new Scott Morrison

    • Brendan Long
    • 02 March 2015
    5 Comments

    As the freshly minted Social Services Minister, Scott Morrison has moved quickly to soften the tough stance he took in the Immigration portfolio. But it won't necessarily be easy. Patrick McClure has presented him with a massively controversial report on welfare reform which, if acted upon, would significantly reduce the incomes of a million marginalised Australians.    

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  • ECONOMICS

    Oil and gas redraw world strategic alliance map

    • David James
    • 16 February 2015
    3 Comments

    Sanctions against Russia have pushed Russia and China much closer together. Russia is set to provide two fifths of China’s gas needs after the completion of two massive pipelines. This will easily replace what they have lost in supplying Europe and deliver what the Chinese most crave: security of supply. Meanwhile, Russia has cut off 60 per cent of its supplies of gas into Europe, re-routing it to Turkey, and saying that Europe will have to build its own infrastructure to transport it to the Continent.

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  • AUSTRALIA

    Petrol price plunge won’t arrest car decline

    • Greg Foyster
    • 06 February 2015
    3 Comments

    After years of writing pain-at-the-pump puns, journalists are giddy at the prospect of prices heading south for once. The low price is a boon for motorists and regional tourism operators. But it won't change the face that we've hit 'peak car' and are driving less. Young people now prize access over ownership.

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  • ECONOMICS

    Why the rich are getting richer

    • David James
    • 19 November 2014
    6 Comments

    Investing capital in the production of goods and services may create jobs, but it's not the best way to make money. It's more profitable to manipulate the financial system to create more money from money, which is why the finance sector does so well. The polarisation of wealth is less extreme in Australia, but we have our own capital-driven Ponzi scheme - the residential property market, which has become an exercise in making money out of money. 

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  • AUSTRALIA

    Who wants to be a capitalist?

    • Moira Rayner
    • 31 October 2014
    11 Comments

    Affordable housing ought to be a hot election issue. Sadly it’s not a government priority, with ordinary people being taught to be entitled to look to capital growth in bricks and mortar as the best path to financial security. That is producing a housing price bubble and public housing is being squeezed. As a result, an increasing number of Australians can’t afford to put a roof over their head.

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