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Humans have always pursued wealth and the power it affords, but only relatively recently has the world itself become organised around the service of that wealth. The systems and structures which define the way our world works are financial, geared to the making of profit. They are global and buoyed by governments whose domestic and foreign policies ensure their support. ‘Social good’ and the ‘common good’ are assumed to be economic neoliberalism, and what’s in the ‘public interest’ is whatever advances the neoliberal economic agenda.
Australia's unimaginative perspective on China's growing power accords with Washington's. In Obama's terms, China can be an adversary or a partner. China is a complex leviathan, and the great challenge is how to integrate it into the global system without conflict.
In the 16th century, following its conquest of Latin America, Spain drained the area of its gold and silver. One might suspect that this windfall turned Spain into an economic powerhouse. But some funny things happened when the easy money arrived.
Catholic Social Teaching promotes the common good, distributive justice and a preferential option for the poor as key principles to underpin any budget. If might is right then the preferences of the strong will overpower those of the vulnerable.
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