Welcome to Eureka Street
Looking for thought provoking articles?Subscribe to Eureka Street and join the conversation.
Passwords must be at least 8 characters, contain upper and lower case letters, and a numeric value.
Eureka Street uses the Stripe payment gateway to process payments. The terms and conditions upon which Stripe processes payments and their privacy policy are available here.
Please note: The 40-day free-trial subscription is a limited time offer and expires 31/3/24. Subscribers will have 40 days of free access to Eureka Street content from the date they subscribe. You can cancel your subscription within that 40-day period without charge. After the 40-day free trial subscription period is over, you will be debited the $90 annual subscription amount. Our terms and conditions of membership still apply.
There are more than 200 results, only the first 200 are displayed here.
Last week the annual Catholic Social Justice Statement was launched. Entitled Cry of the Earth, Cry of the Poor, its theme is care for the environment. In the same week the authoritative Intergovernmental Panel on Climate Change (IPCC) Report warned of the need for immediate and radical effort to minimise emissions and of the likely effects of their existing growth.
There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.
We should resist the pressure to regard China as our enemy. The pressure to do so is powerful, given the cycle of retaliatory words on both sides that further poison relationships. The impetus to enmity, however, damages both sides. To treat people as enemies means that they become enemies, with the result that both sides will spurn the mutual exchanges that can help each.
Our economy is 1.1 per cent larger than a year ago. Yet, as the situation in Victoria reminded us, none of us are safe unless all of us are safe. And we cannot be safe while work remains increasingly insecure, while social security payments are inadequate and while our public infrastructure is found wanting.
An often overlooked fact about the financial system is that it entirely depends on trust. When trust starts to evaporate, especially between the big players such as banks and insurance companies, the whole artifice is put into peril. Trust in the system is now at an extreme low and that points to extreme danger.
At first sight the recent Vatican announcement that a forthcoming synod would be delayed was non-news. All synods are considered boring, and a synod on synodality sounds entirely self-referential. Yet the announcement was significant. The synod will take up much time and energy of Catholics at the local, diocesan, national and international level for almost three years.
The emptiness is dispelled as I pull into Broome, a frontier city located on Western Australia’s Kimberley coast. The city centre, currently undergoing a major revamp, buzzes with pedestrians. Restaurants require booking. Down on Cable Beach, cameleers are lining up their charges for sunset rides and road-trippers are driving onto the wet sand and setting up camping chairs and cracking beers as they settle in for the show of a lifetime.
In a recent speech to business leaders, Prime Minister Morrison made the remarkable claim that ‘we are going to meet our [climate change] ambitions with the smartest minds, the best technology and the animal spirits of capitalism.’ This is straight from the neoliberal playbook, the doxa that the role of government is to get out of the way to make room for those animal spirits so as to pander to the fantasies of the wealthy few.
In May 2019, Adani Ports entered into an agreement to construct, operate and transfer land held by the Myanmar Economic Corporation (MEC) military conglomerate for 50 years in an investment valued at US$290 million. Such corporate conduct has broader implications. Investing in Adani is not only environmentally unsound but imperilling of human rights.
It is one of the ironies of Australian political history that a policy that has profoundly benefited this country’s version of capitalism came, not from the right, but from the Labor party and unions. The mandating of superannuation payments in 1992 under the Keating government has profoundly changed Australia’s financial system.
At the beginning of the Covid-19 pandemic, the government reassured Australia ‘We’re all in this together’ but the truth is that the end of JobKeeper and the Coronavirus supplement payments will leave more than 2.6 million people in poverty.
Social media companies are adopting a strategy that may go down in history as among the worst corporate mistakes ever. Google and Facebook are now monopolies and, like all monopolies, they no longer see their main interest as serving customers but rather to capture governments in order to protect their market dominance.
73-84 out of 200 results.