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Keywords: Stock Market

  • ECONOMICS

    New app will breed capitalists, and that might be a good thing

    • Lucas Smith
    • 14 August 2015
    4 Comments

    G. K. Chesterton said that 'too much capitalism does not mean too many capitalists, but too few capitalists'. In our young century, we have lost capitalists, and wealth has coagulated to a seemingly smaller and smaller number of financiers, oligarchs and corporations. The stock market is where entrenched wealth is kept and made. An industry-shattering share-trading app is set to help deepen our pool of capitalists.

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  • AUSTRALIA

    Federal Budget a lost opportunity

    • Marcelle Mogg
    • 13 May 2015
    8 Comments

    Is this the Budget you have when you're not having a Budget? The most remarkable thing about this Budget, in contrast with Prime Minister Abbott's promise of a fair Budget, is that so much of it relies on the re-election of a Coalition Government in 2016. Is it fair to make vulnerable Australians wait that long?

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  • ECONOMICS

    Oil and gas redraw world strategic alliance map

    • David James
    • 16 February 2015
    3 Comments

    Sanctions against Russia have pushed Russia and China much closer together. Russia is set to provide two fifths of China’s gas needs after the completion of two massive pipelines. This will easily replace what they have lost in supplying Europe and deliver what the Chinese most crave: security of supply. Meanwhile, Russia has cut off 60 per cent of its supplies of gas into Europe, re-routing it to Turkey, and saying that Europe will have to build its own infrastructure to transport it to the Continent.

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  • ECONOMICS

    Why the rich are getting richer

    • David James
    • 19 November 2014
    6 Comments

    Investing capital in the production of goods and services may create jobs, but it's not the best way to make money. It's more profitable to manipulate the financial system to create more money from money, which is why the finance sector does so well. The polarisation of wealth is less extreme in Australia, but we have our own capital-driven Ponzi scheme - the residential property market, which has become an exercise in making money out of money. 

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  • AUSTRALIA

    Who wants to be a capitalist?

    • Moira Rayner
    • 31 October 2014
    11 Comments

    Affordable housing ought to be a hot election issue. Sadly it’s not a government priority, with ordinary people being taught to be entitled to look to capital growth in bricks and mortar as the best path to financial security. That is producing a housing price bubble and public housing is being squeezed. As a result, an increasing number of Australians can’t afford to put a roof over their head.

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  • ECONOMICS

    Who will feel better after Medibank privatisation?

    • David James
    • 13 October 2014
    7 Comments

    Federal Finance Minister Mathias Cormann announced 'the scoping study found no evidence that premiums would increase as a result of the sale' of Medibank Private. But the sale is being presented as a way to make the fund more efficient. If successful, Medibank Private will become even more dominant than it is at present and there will be pressure to raise premiums to achieve its purpose of keeping shareholders happy.

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  • AUSTRALIA

    Ending feminised poverty

    • Kate Galloway
    • 11 September 2014
    14 Comments

    Despite historical gains for women in terms of formal equality, structural issues - wage gap, superannuation gap, childcare, unpaid caring, inequitable income distribution - have not gone away. I do not see why my older women friends should be burdened with accumulated poverty simply because they are women. They carry a material burden because their unpaid work was considered to be performed 'for love', undeserving of financial security.

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  • INTERNATIONAL

    Thanks for nothing, Adam and Eve

    • Andrew Hamilton
    • 04 September 2014
    13 Comments

    James Boyce claims that contemporary attitudes to politics, human origins, economics and human psychology can be understood only if we recognise the hidden presuppositions imported from the theology of original sin. Theories on human nature such as those proposed by Adam Smith, Sigmund Freud, Richard Dawkins and the US Founding Fathers, tried to emancipate people from religious ideas, but often unwittingly enshrined them.

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  • ECONOMICS

    SMSFs offer 'pension fund socialism'

    • David James
    • 13 August 2014
    1 Comment

    In 1976 management thinker Peter Drucker said the real owners of the stock market were workers, through their pension funds. A similar broadening of ownership has occurred in Australia since the creation of compulsory superannuation. But intermediaries called fund managers still stood between the people and ultimate control of their financial destiny, until the rise of the Self Managed Super Fund (SMSF).

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  • ARTS AND CULTURE

    My father's reign of mathematical precision

    • Nick Gadd
    • 16 July 2014
    14 Comments

    He was a civil engineer. His professional life was a matter of mathematics and rules. Driving over a bridge, he’d quote the equations that ensured it was safe and stable. There were formulae in his domestic life too. Strict rules about stacking the dishwasher. Knives and forks pointed downwards, to avoid careless stabbings.

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  • AUSTRALIA

    The Christmas story's whisper from the edges

    • John Falzon
    • 17 December 2013
    13 Comments

    Recently Pope Francis blasted the so-called trickle-down economic theories in his apostolic exhortation Evangelii Gaudium. Some will scorn his message as naive at best and dangerous at worst, while others will regard it as an urgent enkindling of hope in the face of degradation and despair. The Christmas story hints that another kind of world is possible.

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  • AUSTRALIA

    Don't cry for the flying kangaroo

    • Michael Mullins
    • 09 December 2013
    6 Comments

    No patriotic Australian wants to see Qantas go out of business. But the principles of both good business and social inclusion demand the government not thwart competition from Virgin and its cashed up foreign shareholders. In two decades, competition has lowered fares and made it possible for less privileged Australians to fly.

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