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Keywords: Economy

  • ECONOMICS

    Our greatest threat isn't climate change or AI. It's Moloch

    • Daniel Simons
    • 14 September 2023

    In a world increasingly governed by algorithms and AI, the ancient deity Moloch emerges as a haunting metaphor for our tech-driven sacrifices. Drawing parallels from historic rituals to present-day digital dynamics, ancient fears offer insight into today's most pressing existential challenges. 

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  • AUSTRALIA

    The RBA's man with the hammer

    • James Massola
    • 13 June 2023
    2 Comments

    In a year defined by surging living expenses, RBA Governor Philip Lowe finds himself the object of public ire, his failed rate predictions and aggressive anti-inflation measures becoming a litmus test for the enduring effects of a global crisis. Will the Labor party dare sever ties with Lowe, or will they allow him to continue wielding the hammer, regardless of the mounting human cost?

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  • RELIGION

    The Pope's economist: Mariana Mazzucato's plan to revitalize the global economy

    • Bruce Duncan
    • 01 June 2023
    2 Comments

    Prominent figures such as Australia's Treasurer Jim Chalmers and Pope Francis are turning to economist Mariana Mazzucato for insights on reforming the neoliberal capitalist system. Her vision for an equitable and sustainable global economy, aligned with the UN Sustainable Development Goals, is influencing key discussions on economic fairness worldwide.

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  • AUSTRALIA

    Labor takes ownership: What to expect from Chalmers' second budget

    • James Massola
    • 04 May 2023
    2 Comments

    Jim Chalmers’ second budget marks the moment the federal Labor government takes full ownership of the national economy. This budget shapes as a more ambitious document and a more authentically Labor one, too. Chalmers is seeking to look after those who are less well-off, while balancing that against the need to avoid overspending. 

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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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  • 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

    Sowing the seeds of resistance

    • Andreana Reale
    • 25 January 2023
    3 Comments

    Threatened with the closure of the local nursing home, leaving elderly residents stranded, locals in Dimboola are selling home-grown produce to raise money to save the facility. And at the same time, they're breathing new life into the local sharing economy. 

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  • ECONOMICS

    Russia sanctions reveal growing split in the global financial system

    • David James
    • 14 December 2022

    What the failed attempt to crush Russia’s economy has revealed is that America’s and Europe’s dominance of the global financial system is something of an illusion; more like money changing hands in a giant casino rather than actual wealth. 

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  • ECONOMICS

    Good for the economy

    • Justine Toh
    • 24 November 2022
    1 Comment

    When we talk about ‘the economy’, we assume there’s only one worth knowing about: the market economy. That’s why we speak about the economy and GDP in the same breath: we treat the sum of goods and services produced and sold — and the profits we hope they’ll add to the bottom line — as our measure of the health of the nation. Which would be fine if the market economy was the only one that existed. 

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  • AUSTRALIA

    Laying the foundations for an economy that works for people: the Jobs Summit challenge

    • John Falzon
    • 29 August 2022
    2 Comments

    While the Jobs Summit does not signal the end of neoliberalism, it does signal a political willingness by the Albanese government to begin an inclusive, deliberative process for healing some of the wounds that have been inflicted on ordinary people through the accumulation of superprofits on the one hand and cuts to real wages and the dismantling of social infrastructure on the other.

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  • INTERNATIONAL

    The cost of living and the cost of principles

    • Max Jeganathan
    • 15 August 2022
    3 Comments

    Despite a post-pandemic bull-run, both the national and international economy are now stalling. Interest rates are going up. Markets are going down. Inflation seems unstoppable. While many factors are to blame for the rising cost of living, a catalysing force continues to be our response to the war in Ukraine.

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  • AUSTRALIA

    In praise of complexity

    • Andrew Hamilton
    • 21 July 2022

    One of the tests by which we can judge political maturity is whether it gives due weight to complexity. It is easy to reduce political conversation to opposed statements between which we must choose. That will sometimes be appropriate. Often, however, discussion of policy raises several different questions, each of which needs to be considered.

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