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Keywords: Economy

  • AUSTRALIA

    Intergenerational fairness goes beyond economic competition

    • Andrew Hamilton
    • 05 March 2015
    14 Comments

    'Intergenerational' goings on are stirring public consciousness. On Thursday, Federal Treasury publishes its five-yearly Intergenerational Report. It provides a framework within which legitimate questions about winners and losers can be addressed, by including action on climate and narrowing wealth and international cooperation, rather than viewing society as merely the playground of competing individuals.

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  • AUSTRALIA

    The financial crisis the Government wants us to have

    • Colin Long
    • 09 February 2015
    19 Comments

    The Coalition Government falsely claims that Medicare co-payments and cuts to welfare and publicly funded institutions such as the CSIRO and the ABC are necessary to 'fix Labor's mess'. There are indeed structural problems with the economy, but essentially the plan is to strip the public sector by cutting universal access to a range of services that also includes tertiary education, to create a dominant free market that marginalises Australians on low incomes.

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  • AUSTRALIA

    The Archbishop of Canterbury's advice for Joe Hockey

    • Michael Mullins
    • 09 February 2015
    8 Comments

    As a former business executive, the Archbishop of Canterbury Justin Welby speaks with particular authority on economic issues. He has just given a landmark speech on the ‘Good Economy’ in which he stresses that everybody including the marginalised has a role to play. As our Coalition MPs undergo soul searching in order to reconnect with the Australian people, they might consider the virtues of a reduced pace of economic growth that has more universal benefit.    

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  • RELIGION

    Joe Hockey's prize orchid

    • Marcelle Mogg
    • 17 December 2014
    11 Comments

    In his Mid Year Financial Economic Outlook statements this week, Treasurer Joe Hockey construed 'The Economy' as a rare prized orchid, requiring careful nurturing. The orchid is to be admired, and the gardener more so for the skill, expertise and craft that gives rise to such a beautiful creation. The trouble with treating The Economy like a prized bloom is that we fail to recognise that the it exists to serve people. 

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  • ECONOMICS

    Hapless Joe Hockey

    • David James
    • 10 December 2014
    12 Comments

    One of the fascinating aspects of Australia's political pantomime is the manner in which the Federal Treasurer is forced to metamorphose into a used car salesman who is spruiking the Australian economy. One reason for the relative impotence of the Treasurer is that the Federal government only has control over fiscal policy. Monetary policy, the interest rate, is set by the Reserve Bank, not the government.

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  • ARTS AND CULTURE

    Shock of the new bourgeois reality

    • Ellena Savage
    • 28 November 2014
    9 Comments

    The need for artists to exist inside an economy regulated by middle class tastes and preferences restricts the possibilities for their work. But when our present is rocked by the incredible injustices we are watching unravel in Ferguson, artists are called upon to drop their aspirations for class mobility that is tethered to the material, and instead draw light on the immaterial, Emerson's 'secret'. 

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  • INTERNATIONAL

    China calls a halt to dirty coal imports

    • Evan Ellis
    • 24 September 2014
    2 Comments

    From 1 January 2015, China will ban the import of coal with high ash or sulphur content and impose a three per cent tariff on all coal imports. In the muddle of politics and policy, we have a concrete example of worsening environmental conditions forcing policy makers to act. Australia's economy propped up by coal exports, but it's also time to think beyond the specific implications of China’s proposed restrictions. 

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  • ECONOMICS

    Australia's delayed GFC

    • David James
    • 08 September 2014
    7 Comments

    What is only now starting to come into focus is the extent to which the whole economy is in hock to house prices. A sharp fall in the housing market will put intense pressure on our major lending institutions, leading to a deeply depressing effect on all parts of the economy. The regulators, as ever, are taking a hands-off approach.

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  • AUSTRALIA

    Cruelled by the Budget

    • John Falzon
    • 15 May 2014
    4 Comments

    'You don't help young people, or older people, or people with disabilities, or single mums, into jobs by making them poor. You don't build people up by putting them down. And as even the OECD acknowledges, you don't build a strong economy by increasing the level of inequality. You don't create a strong country on the backs of the already poor.' Statement by John Falzon

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  • AUSTRALIA

    A Budget to enshrine inequality

    • Andrew Hamilton
    • 14 May 2014
    47 Comments

    Governments have always included in their budgets a 'we're serious' clause as part of their determination to fix the economy. It has normally been directed at the vices of the underclass such as alcohol and tobacco. Now governments slash spending on the welfare of the disadvantaged.

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  • AUSTRALIA

    What Pope Francis thinks about Abbott's Audit

    • Michael Mullins
    • 05 May 2014
    17 Comments

    The National Commission of Audit believes spending cuts that produce a balanced Budget will make us all better off because we will have a stronger economy and more jobs. But Pope Francis is skeptical about such 'trickle-down' economic theories, which express 'a crude and naive trust in the goodness of those wielding economic power'.

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  • INTERNATIONAL

    China syndrome haunts Abbott's Japanese jaunt

    • Walter Hamilton
    • 09 April 2014
    3 Comments

    The two powers in Asia on whom our economy and security depend, Japan and China, have reached an impasse. That should not constrain Australia from reaching out to both on the basis of mutual interest and shared values. China has a keen appreciation of the former and an abiding suspicion of appeals to the latter. Distinguishing one from the other and acting accordingly is the first great test of Abbott's statecraft.

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