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Both the resignation of Google AI researcher Geoffrey Hinton and Pope Francis' recent address on technology highlight concerns about unrestricted technological development and the urgent need for informed discourse on the potential of AI to reshape communication, governance, and self-understanding.
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.
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?
The upcoming federal budget in May presents a crucial moment for the Albanese Government to address pressing challenges while restoring trust in political institutions. Transparency, integrity, and meaningful relief for households will be key to defining the government's path forward.
Peter Dutton confirmed the Liberal party will oppose to the Indigenous Voice to parliament, putting him at odds with a new prime minister, Indigenous leaders, and community sentiment. With the Aston byelection defeat, concerns have arisen over the party's direction and the narrowing path back to the Lodge.
As the collapse of Silicon Valley Bank, Signature Bank, and Credit Suisse poses a renewed threat to the global financial system, the question arises: how can we manage out-of-control debt? With global debt exceeding 230 per cent of GDP, could nationalising banks be the solution to the ongoing crisis, or will the debt merry-go-round continue to spin out of control?
As jobseeker payments are indexed for inflation, increased payments are still well below the minimum wage and age pension. With successive neoliberal governments dismantling social infrastructure, people living in poverty have little means of escape. Poverty is not a personal choice but a political one.
Any sanctions regime produces uneven effects. Economic sanctions imposed on Russia are not only unlikely to end the conflict in Ukraine, but they are having unintended consequences, encouraging Moscow to be more resourceful and leading to a shift in global energy markets.
Was Russia's removal from the SWIFT system the moment when the global financial system detached itself from reality? The financial system is at risk from unpayable debt and the delusion that money can be created out of money itself, and wider trust underpinning finance is steadily evaporating.
Who will champion humane values, enshrine them in the development and workings of artificial intelligence? This is the question posed by Plato and Socrates to our generation, and one that demands our urgent attention as the line between the artificial and the human becomes increasingly blurred.
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.
One year on from Russia's invasion of Ukraine, the world is left with a sense of unease. As the worst state-on-state aggression in Europe since World War Two, it has had global, cascading effects on inflation, energy prices, and food security. So how will it end?
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