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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.
The closest Confucius came to this romantic view of work was a line expressed from the view of the bosses, saying, 'When he chooses the labours which are proper, and makes them labour on them, who will repine?' The answer as to who will repine, rather obviously, is the labourers.
Keeping foreign billionaires and foreign governments out of Australia's elections can be done without keeping churches and charities out of routine advocacy for the poor and marginalised.
A visitor from an earlier time would be stunned to see how much we understand the world using monetary measures. Finance has come to be considered the first reality, not defined by, or reflecting, reality. To see how this creates distortions, consider GDP, which is taken to be a reliable measure of national wellbeing, but in fact is anything but.
The inquiry into Indigenous incarceration in Australia recognises and validates widely held concerns. On the other hand, it also represents the abject failure of successive governments around the country to pay heed to what we do know about the incarceration of Aboriginal and Torres Strait Islander Australians.
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.
Once upon a time, usury was considered a sin and lending was subject to strict controls. Now, the world is in the grip of usury. It cannot continue. At some point it will have to be retired, or swapped to equity. A good place to start is third world debt, which is the most immoral variant.
In literary studies, one of the most important requirements is the need to define one's terms accurately. It has always come as a shock to me that economics is almost completely devoid of such precision. Much of the terminology of the 'discipline' of economics is either nonsense, or thinly disguised tautologies.
There are lots of reasons why China wants to accelerate the uptake of electric vehicles. It desperately needs to curb air pollution, which the World Health Organization estimates kills more than a million of its citizens each year. It also wants to reduce dependence on imported oil, and help meet climate change targets. Most crucial, however, is China's intention to dominate the global market for electric vehicles and the technology that powers them, lithium-ion batteries.
When limitations are placed on an individual’s liberty some people will call it bureaucracy or tyranny; others will say that they have been denied an opportunity to make decisions. The common sense middle position is typically that freedoms should be protected if they do not infringe on other peoples’ rights.
Obamacare, although imperfect, was soundly constructed and thoughtfully implemented. It has withstood constitutional challenges and survived endless Congressional votes to repeal and amend it. Republicans talk only about its problems and the Trump Administration has worked hard to sabotage it further, but the fact is that Obamacare is not in a 'death spiral'. It is working surprisingly well.
One of the more interesting recent developments in finance has been the creation of Bitcoin and other crypto-currencies. They are being touted as a revolution in how we think and use money. Alternately, there are many who want to go in the opposite direction, back to the gold standard. Both sides have a common enemy: money whose value is determined by government dictate. Allowing governments to dictate in this way, they argue, is the core of the problem. To a significant extent, they are wrong.
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