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Trump's destruction of the architecture of international trade agreements and reversion to protectionism will expose the complexity of globalisation, but is unlikely to have the effect he is aiming at, which is to bring investment capital, and jobs, back to his country.
New Zealand’s Jacinda Ardern is a global celebrity: a prime minister on parental leave and a social democrat who can actually win elections. But is New Zealand really the left-wing paradise the global left wants it to be?
On recent the bicentenary of Marx's birth, Chinese President Xi Jinping declared that the Communist Party 'has combined the fundamental principles of Marxism with the reality of China's reform and opening up'. In reality China's economic system bears no resemblance to the revolutionary overthrow of capitalism advocated by Marx.
China and India are rising global powers, thanks to a burgeoning middle class, huge export markets and military might. So why wouldn't they take the western retreat from the Pacific as an invitation to dance? But their support comes with a crippling debt levels and the potential for a favour to be called in down the line.
The recent furore about Donald Trump's imposing of tariffs on steel, from which Australian companies have been exempted, raises an interesting question about the economics discipline. Which is better, an oxymoron or a tautology?
This affair has done little to encourage Australians keen on pushing a more robustly independent line from Washington. A ceremonial subservience and deference to US power has been exhibited. Such sentiments embrace the inherent inequality of the Australian-US relationship. To be in deficit to the US is seen as a good and necessary thing.
'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.
There are opportunities for both sides of politics, government and opposition, in the leftovers from 2017. The balance looked to have shifted somewhat back towards the government in the final weeks of last year. The task of Malcolm Turnbull will be to begin the new year as he ended the last.
Wednesday will be a day of celebration for those wanting a 'Yes' vote. It should also be a day when we Australians recommit ourselves to respect for all citizens, especially those whose beliefs differ from our own. Our politicians led us into this divisive campaign. Now they need to lead us out of it.
'We need to recommit to work for all those who are able and willing. We need to recommit to social assistance for all those who are not able. We need to ensure that a life of frugal dignity is within the grasp of all citizens.' 2017 Rerum Novarum Oration by Fr Frank Brennan SJ
In the 16th century it was the Dominican friars like Vitoria, Las Casas and Montesino in Salamanca who confronted the state and challenged public opinion about the rights of the indigenous peoples in Spain's newly colonised lands. Not even the most nostalgic and forgiving Jesuit would opine that the modern practitioners of Morality with a capital M challenging the powers of the market and the state would be found in a modern monastery.
For many Catholic voters, this has been a difficult issue because for the first time in their lives they have found themselves in the same position which our politicians find themselves every time they have to vote on contested moral and political questions in parliament. They don't find themselves getting all that much help from official church declarations. This is no criticism of our bishops. They are the custodians of a tradition which has been somewhat skewed on this issue for a long time.
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