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Keywords: Recession

  • ECONOMICS

    The great economic rethink?

    • David James
    • 20 August 2020
    6 Comments

    There will be Great Reset in finance and economics. It is inevitable because the shock has been so great. The first problem is what to do with global debt, which was already at unsustainable levels before the virus hit: over 320 per cent of global GDP. The only way to prevent system-wide failure has been to lower interest rates to near zero levels.

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  • INTERNATIONAL

    Trauma and displacement are no time for profit

    • Salina Cheung
    • 13 July 2020
    4 Comments

    There is a trend of liberals calling for the West to open its borders to fleeing Hongkongers for economic benefit. It is commendable that these individuals want the West to offer Hongkongers refuge. But to frame this philanthropy in such mercenary terms makes this goodwill suspect: these voices want to capitalise on a traumatic moment of displacement.

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  • AUSTRALIA

    Emergence from ideology

    • John Falzon
    • 02 July 2020
    14 Comments

    Ideology is a powerful presence in our lives. It works its way into our consciousness through the dominant discourses of government, media, institutional religion, legal frameworks, popular culture, advertising, all the means at the disposal of the powerful. Once we learn to recognise it we see it everywhere. If it feels like we were born into it, it is because we were.

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  • ECONOMICS

    Women deserve a bigger role in our economic recovery

    • Nicola Heath
    • 30 June 2020
    2 Comments

    It turns out that the COVID-19 economic crisis is disproportionately affecting women — so much so that some have dubbed it a ‘pink-collar recession’. Unemployment figures show that since February, 457,517 women have lost their jobs compared to 380,737 men.

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  • AUSTRALIA

    Back to business as usual

    • Andrew Hamilton
    • 07 May 2020
    5 Comments

    For comfortable communitarians among us it is tempting to lament the loss of the solidarity displayed in the first response to coronavirus. That would be a mistake. Solidarity is not a mood to be looked back on with nostalgia, but a commitment to be built and defended.

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  • AUSTRALIA

    Let's not snap back but spring forward

    • John Falzon
    • 10 April 2020
    25 Comments

    Already the ideological die-hards of neoliberalism are working out how the pandemic might be manipulated to lower wages and to snap back to the old economic normal. So now is when collectively we need to take over the framing and the forming of the future. Not to snap back but to spring forward.

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  • ECONOMICS

    Inside US and China's dodgy economies

    • David James
    • 07 September 2019
    6 Comments

    One of the ironies of the intensifying tariff war between America and China is that that neither of the two giants seems to have a viable economic model. Both countries' systems are based on dodgy financial engineering and printing money, or just inventing new types of money out of thin air.

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  • AUSTRALIA

    A common good frame for economic stimulus

    • Joe Zabar
    • 26 August 2019
    3 Comments

    While the current economic climate is cause for concern, it is not the time to panic. A more sensible alternative to austerity is for governments, business, unions and charities to look for ways we can together soften the impact of any global downturn. This will require bipartisan agreement to sacrifice some or all of the budget surplus.

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  • ECONOMICS

    Election sweeteners a family affair

    • Joe Zabar
    • 21 February 2019
    5 Comments

    Both Labor and the Coalition would be wise to consider revisiting the Howard-era Family Tax Benefits to provide targeted relief to families. Both have taken their share out of the FTB bucket as a way to balance the budget. By doing so, they have left many families worse off. The restoration of some of the cuts to FTB would be a good a start.

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  • AUSTRALIA

    Time to stop punishing the unemployed

    • El Gibbs
    • 21 November 2018
    10 Comments

    Australia’s income support system and employment services have shifted to an ever harsher regime of compliance and penalty, while failing to find work for hundreds of thousands of people. 

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  • INTERNATIONAL

    Brazil's long night of the soul

    • Antonio Castillo
    • 30 October 2018
    8 Comments

    Bolsonaro's election is the product of Brazil's disenchantment with democracy and hatred against a political system corrupted to its core. It is corruption — a malaise that infiltrates just about every slice of Brazilian society — that has pushed the country to what Vladimir Safatle, a Brazilian philosopher, has described as 'night without end'.

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  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 13 September 2018
    2 Comments

    It has been a decade since the banking aristocracy Lehman Brothers filed for bankruptcy in what would be the chant of doom that became the Global Financial Crisis. Today, the legacy of Lehman Brothers and the crisis it helped precipitate supply warnings of the next shock.

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