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Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it.
Gamification affects almost all our online activities, from communicating to shopping, with gaming elements omnipresent in the form of points, avatars, badges, leader boards, and real-life rewards. Stripping activities of their intrinsic value, virtually any online activity could be transformed into a challenge to win. Yet users make the mistake of focusing on the game rewards without seeing how the game itself is subtly changing behaviour.
Who wields the most power in the world? If one follows the money trail, it becomes clear that Western societies have become ruled by a new type of aristocracy: a management aristocracy.
The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality.
Why is it that we so often don’t learn from the last war’s mistakes? Time and again, humans are drawn into patterns of behaviour that echo those of the past, and that lead once again to armed conflict. It's too easy to shy away from examining the moral failure that is war. When we eulogise the fallen, do we forget why they were butchered in the first place?
For Europe, especially Germany, there should be enough gas in storage to limp through winter but by next spring there may be severe trouble. The leaders of Europe and the United States expected that they would win the economic war against Russia and force the invader to withdraw. Not only did that not happen, it is likely to lead to severe unintended economic consequences.
The beauty of questions is they remind us that we do not know, even as they lure us into their openness. Questions are rarely ever closed or settled. Honner’s books are built around questions. ‘If God made the world, who made God?’ Or, leaving behind pure speculation, ‘Why doesn’t God answer my prayers?’ These are deep mysteries, but they are not meaningless mysteries, Honner says.
The Way had been a community of homeless people, built around difficult but wonderful characters. It taught me more than I can easily say. It was a world where things were not always as they seemed and people did not fit into little boxes. We had many challenging days and relationships with our guys were seldom easy, but there was an energy that found light in unexpected places.
The policy of the Labor Government can be described as steady as she goes. This does not mean that it will simply follow the policies of the previous government. Its reading is that the ship of state has been becalmed, responding haphazardly to the political winds with no sense of direction or destination. It had become the ship of fools. The new Government then has committed itself to show that there are captain on board and a competent, disciplined crew that can work together.
To address climate change demands concerned action that is built on people working together for the good of all. This in turn demands the recognition that the environment is not something different from us but part of us. Our personal good depends on the common good of our world.
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.
In most circles poetry doesn’t matter. It doesn’t put bread on the table, nor raise people to revolt nor even make news unless a grizzled footballer is outed for secretly writing poems. Even in churches poems and hymns are altered to improve their orthodoxy in matters of faith, gender, race or modernity, but rarely their poetic quality.
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