Welcome to Eureka Street

back to site
Forgot your password?
Subscribe

Keywords: Money

  • RELIGION

    Is the pope a Marxist?

    • Neil Ormerod
    • 17 December 2013
    27 Comments

    Pope Francis' vision for the church of the poor is now joined to a stinging critique of our globalised economy which promotes a 'new tyranny' of unfettered capitalism and an attack on the 'idolatry of money'. While such language has not been uncommon, buried in the riches of Catholic social teaching, this pope has made it up front and centre stage of his message.

    READ MORE
  • AUSTRALIA

    They call him backflipper, but Gonski's still sliding

    • Ray Cassin
    • 04 December 2013
    9 Comments

    The Education Minister Christopher Pyne has spun the latest developments on education funding reforms as having saved Gonski and achieved what Labor could not. But it is an achievement derived from surrendering oversight of how the money will be spent. If public schools continue to be the losers in the battle for funds, the reversals of the past fortnight will be remembered as the start of a slow burn for the Abbott Government.

    READ MORE
  • ECONOMICS

    Change tax tack to take power back

    • Jean-Paul Gagnon
    • 18 November 2013
    15 Comments

    What if citizens were given the chance to fill out a preference form online as part of their own personal, digital tax portal? You could choose to pick 'below the line' and individually choose what your tax money can and can't be spent on. For example you might like to spend on funding public schools, the bullet train, hospital supplies and museums, and not to spend on nuclear power plants, weapons development, or the automotive industry subsidy.

    READ MORE
  • AUSTRALIA

    The case for funding legal services with public money

    • Andrew Hamilton
    • 08 November 2013
    3 Comments

    From a liberal perspective the use of public money to fund free legal services to individuals is inherently undesirable. Even if the contracts are awarded under competitive tendering, the funding of the services is a distortion in the market. Ideally they should be left to the market to provide. And by definition they are less efficient than commercial organisations disciplined by a free and competitive market.

    READ MORE
  • AUSTRALIA

    Cackling geese and taxes

    • Andrew Hamilton
    • 07 November 2013
    23 Comments

    Whenever public funds are made available for frowned upon projects they are described as taxpayers' money. When I hear the phrase roll from critics' lips, I imagine taxpayers as prune faced and laser lipped, or like children watching with beady eyes as their mother cuts the cake, ready to howl if their slice of the cake is the smaller half by a crumb or two. Underneath the phrase usually lies a view of life in which the market is a sacred site.

    READ MORE
  • AUSTRALIA

    Australia's game of rigged Monopoly

    • Paul O'Callaghan
    • 03 September 2013
    8 Comments

    Being born in Australia is a huge advantage. And having parents with money, a good education and connections always helps. Some of us have an advantage before we've even started school. But like the players in American psychologist Paul Piff's 'rigged Monopoly' experiments, those of us who do well tend to think we've earned our good fortune through hard work, talent and creativity.

    READ MORE
  • AUSTRALIA

    Parent education is better than child protection

    • Michael Mullins
    • 02 September 2013
    6 Comments

    There are 60,000 children in the community whose lives are so dangerous at home that they need monitoring by government child protection services that are habitually stretched to their limits. But there would be less need for such services if governments put money into education programs that teach people how to be better parents.

    READ MORE
  • AUSTRALIA

    The politics of disgust

    • Ellena Savage
    • 30 August 2013
    6 Comments

    The moral questions presented in this election demand rational action, and not responses based on aversion to 'illegal' boat arrivals, gay men kissing or the idea of giving hard earned money to government programs in the form of tax. As long as both major parties are vying for ‘politics of disgust’ votes on the backs of vulnerable people, we can’t expect a better nation. 

    READ MORE
  • ECONOMICS

    Which party really has the economic smarts?

    • David James
    • 13 August 2013
    3 Comments

    As the China boom fades Australia is experiencing a delayed version of the GFC, without the banking crisis. Until now we've been reasonably well served by both sides of politics, in terms of macro-economic strategy. Now we require a way of dealing with more mundane economic issues like productivity and efficiency. Neither side has many good ideas about how to achieve the required structural shifts.

    READ MORE
  • INTERNATIONAL

    Australia's human dumping ground Nauru

    • Walter Hamilton
    • 07 August 2013
    13 Comments

    Welcome to Nauru. Land area: 21 square kilometres. Permanent population: around 10,000. Chief economic activity: human dumping ground. Nauru has joined PNG in the Cohort of the Willing — willing, that is, to take dollops of Australian money to hide away an Australian problem. Substitute 'asylum seekers' for 'convicts' and it recalls the way Australia was used by Great Britain in the 18th century to dispose of a British problem.

    READ MORE
  • ECONOMICS

    Aussie dollar falls to fast money folly

    • David James
    • 03 July 2013
    4 Comments

    A currency's value is supposed to represent the state of the country's underlying economy. Yet very little changed about the Australian economy during a week in which the value of the dollar was substantially altered. It is a small instance of how rapidly change occurs in currency markets, sometimes to devastating effect, and another reason why the capital markets are ruling rather than serving.

    READ MORE
  • ARTS AND CULTURE

    Baz Luhrmann versus the god of capitalism

    • Tim Kroenert
    • 06 June 2013
    5 Comments

    In the 1920s New York society of Gatsby, money is literally God: benevolent to some; laying waste to the lives of others. It's a tough call whether Luhrmann has deliberately dumbed down Fitzgerald's text in order to appeal more readily to a mass market. If cinema was a medium to excite the eyes and ears while relaxing the brain, he'd be a master.

    READ MORE