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In her new Quarterly Essay Highway to Hell, Australian climate scientist Joëlle Gergis pleads in language beyond the careful neutrality of traditional science-speak: ‘We need you to stare into the abyss with us and not turn away.’
With soaring Australian house prices creating a generational wealth divide, the increasing inequity of the property bubble is damaging to Australian society. Could diversifying investment options, like industry super funds, lure people away from property and cool the market?
For decades, unchecked corporate power and policy failures have driven up Australia's cost of living, leaving many Australians struggling. As corporate interests dominate, CEO pay increases dramatically while wages stagnate, and inflation rises. This influence of corporate Australia has eroded economic safeguards, dismantling the guardrails that once protected the common good.
Unlike the initial days of the Russian invasion of Ukraine, when thousands eagerly gathered at recruitment centers, the army now faces difficulties in enlisting new soldiers as the troops continue to endure ongoing hardship.
Early every month Australians with big mortgages anxiously wait to find out if the Reserve Bank will raise interest rates and put more pressure on their domestic budgets. It is a bit like waiting for pronouncements from the modern day equivalent of the Delphic oracle.
In a signature essay published last year in The Monthly, Treasurer Chalmers staked out an ideological terrain he described as ‘values-based capitalism.’ The Budget 2024 is quite the big reveal on what those values include and who they exclude. In it, the people who have borne the brunt of inequality and precarity are neither seen nor heard.
In light of the gains made in lifting people out of poverty during the pandemic, it seems critics are justified in viewing this year’s budget with more than a little disappointment. I wonder, when it comes to the federal budget, who are we trying to serve?
There is money to be made in war, especially from making weapons, and what we are witnessing at the moment in Ukraine and the Middle East is simply the latest episode in a story that goes back centuries.
It is a truism to say that the way money is constructed defines the power structure under which we live. But allowing private actors to manipulate and game the financial system has not just given them extraordinary power, it has undermined the way money itself is understood.
The ABC’s recent Q+A housing special left many questions unasked and unanswered. Labor, Coalition and Green MPs all say they want more people to be able to buy their own homes. The most obvious way to achieve that would be to reduce the price of housing. Yet no politician will make that an explicit policy aim.
Big changes are occurring in the financial sector that suggest the climate change agenda is starting to lose crucial support with the world’s largest fund managers. As support for ESG goals wane, the conversation is shifting to nuclear energy. But does it make any financial sense?
Nuclear energy has snuck its way onto the table of Australian public policy. Given that Australia is a country that hosts military nuclear platforms, the impetus to translate it into a civilian context is proving powerful.
25-36 out of 200 results.