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Keywords: Economy

  • ECONOMICS

    What are banks for?

    • Colin Long
    • 18 January 2019
    6 Comments

    The opening of the finance sector to scrutiny provides an opportunity to examine its position in the structure of the Australian political-economy, and, most importantly, to make the changes necessary to place it at the service of the people, rather than allowing it to continue to prey on us.

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  • ECONOMICS

    The true lesson of capitalism

    • David James
    • 15 January 2019
    2 Comments

    One of the most basic distinctions in finance, with which any stockbroker or fund manager is familiar, is that between equity and debt. As the global economy teeters on the edge of a debt and banking crisis, with global debt more than 300 per cent of global GDP, the merits of equity is something that needs to be better understood.

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  • AUSTRALIA

    Civilisation beyond the con of neoliberalism

    • Andrew Hamilton
    • 26 June 2018
    35 Comments

    Just in time to arrest ponderous musings about Western Civilisation, up jumps Denniss' cheeky funeral oration for the neoliberal settlement. His target is the assumption that an economy based on unregulated competition between individuals will benefit society. He does not spend time arguing with the theory, but points to the results.

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 14 May 2018
    4 Comments

    As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.

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  • AUSTRALIA

    Our economy is failing families

    • Erin Riley
    • 10 April 2018
    11 Comments

    As I drop my daughter at daycare at 6:30am, to be looked after by someone else who I then have to pay, to go to work to earn enough money to pay our rent and daycare, I am struck by how much our system is failing families. It was a failure of my own empathy that I only came to understand this after I experienced it personally.

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  • AUSTRALIA

    Exploiting the housing crisis

    • Sue Stevenson
    • 16 March 2018
    10 Comments

    The struggle of workers has changed a lot since the 1850s, when stonemasons won the right to an eight-hour day. With the rise of contract work and the hustle of the gig economy, a lot of the fights won by workers don't even make much sense. Consider the following Facebook ad an outer Melbourne resident: FREE ROOM IN EXCHANGE FOR HELP.

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  • PODCAST

    Clare O'Neil on growth, fairness and power

    • Podcast
    • 08 March 2018
    2 Comments

    The persistent gap between the rich and the poor has left many people disillusioned about how the economy and governments function. What does growth mean under these circumstances? Is it still useful to talk about a working class? In this interview Labor MP Clare O'Neil takes on these questions and the policy questions they bear.

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  • ECONOMICS

    No economy of exclusion and inequality

    • Joe Zabar
    • 27 February 2018

    'Francis' statement is not one merely for theological or academic contemplation. It is in effect Francis' call to establish a new benchmark for our economy, one where exclusion and inequality are no longer a natural and accepted consequence of its operation.' Director of Economic Policy for Catholic Social Services Australia addresses the CSSA annual conference in Melbourne, February 2018.

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  • RELIGION

    Matching action to social justice rhetoric

    • Andrew Hamilton
    • 21 February 2018
    9 Comments

    The World Day of Social Justice greets a year when social justice is returning to favour. Bank executives begin to own their social responsibilities. Liberal economics begin to be seen, not as the condition for a productive economy but as a barrier to it. That is the rhetoric. For governments, though, it is business as usual.

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  • PODCAST

    Eva Cox on macho economics and the feminist lens

    • Podcast
    • 07 February 2018
    1 Comment

    In many ways, feminism has pushed the boundaries of where and how women participate in the economy. But there is a deepening sense that this has not been enough. So what got missed? Prominent academic and feminist Eva Cox discusses the impact of neoliberalism on women, and why the social lens is more critical than ever. 

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  • ECONOMICS

    Economic doom looms in Oz's game of homes

    • David James
    • 12 December 2017
    1 Comment

    It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.

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  • AUSTRALIA

    Passport privilege entrenches inequality

    • Sonia Nair
    • 12 December 2017
    12 Comments

    The world is often characterised as porous and easy to manoeuvre in this age of unparalleled technology and a globalised economy. But it's only ever been this way to people who have a combination of a particular passport and cultural heritage, particularly in settler colonial nations such as Australia.

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