Keywords: Superannuation System
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AUSTRALIA
As Australian households grapple with soaring living costs and rising inflation, many are questioning the efficacy of the RBA's interest rate strategy, making the case for comprehensive government intervention to right the economic course.
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AUSTRALIA
- Jennifer McVeigh
- 25 May 2023
4 Comments
A rapidly growing cohort of homeless women over 55 has become the new casualties of Australia's housing market. With skyrocketing rents, an entrenched gender pay gap and inadequate pension funds, older women are slipping through the cracks owing to a tangle of systemic failures.
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ECONOMICS
- David James
- 28 October 2022
Who wields the most power in the world? If one follows the money trail, it becomes clear that Western societies have become ruled by a new type of aristocracy: a management aristocracy.
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ECONOMICS
- David James
- 01 March 2022
3 Comments
Australia’s Reserve Bank mainly concentrates on keeping inflation within an acceptable range and maintaining a high level of employment. Social equity has never been considered to be part of its mandate. It should be. Interest rates have been the biggest cause of economic and social division in Australia, not just between rich and poor, but also between older and younger generations.
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AUSTRALIA
- Tim Dunlop
- 15 November 2021
8 Comments
The experience of the Covid-19 pandemic has been like the aerosol used in those heist movies, where the cat burglar breaks into the museum and sprays the air to reveal the invisible lines of power that criss-cross the space between the door and cabinet where the treasure is kept.
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ECONOMICS
- David James
- 08 November 2021
4 Comments
The Glasgow United Nations Climate Change Conference has been advertised as an effort to focus on sustainable environmental solutions. What got much less attention, if any, is that it is probably at least as much about having a sustainable financial system. Many noted that China, did not send its leader: Xi Jinping, president of the world’s greatest CO2 emitter. There was also another significant absence: the financiers who are hoping to profit from the trillions allocated into climate change projects.
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ECONOMICS
- David James
- 12 October 2021
4 Comments
Over the last two years, money printing has created the illusion of strength in savings. But when reality resurfaces, and actual returns are required from actual economic and business activity, the global financial system will come under extreme stress.
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ECONOMICS
- Chris Smith
- 31 August 2021
11 Comments
In July, Anthony Albanese announced a significant change of stance on Labor tax policy which was disappointing, if not surprising. An elected Labor government, Albanese promised, would keep the coming high income tax cuts he previously opposed. This decision to not oppose the government proposal to restructure the income tax system through reduced marginal rates is supporting a government policy that will lead to a significant redistribution of wealth towards high income earners.
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ECONOMICS
- David James
- 08 April 2021
5 Comments
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.
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FAITH DOING JUSTICE
- Ursula Stephens
- 25 February 2021
13 Comments
'It's the value of the work, not the worker.' So said a government backbencher to me last week while I was speaking to him about the omnibus industrial relations (IR) Bill that has just passed the House of Representatives.
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ECONOMICS
- David James
- 20 October 2020
3 Comments
The global economy was already teetering on the edge of such a debt crisis before the coronavirus hit. The economic shutdowns have accelerated the damage.
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ECONOMICS
- David James
- 17 September 2020
5 Comments
The issue of class, economic inequality, has for some time been conspicuously absent in contemporary political debate. In the wake of COVID-19, which will greatly exacerbate income and wealth disparities, such inattention must be addressed.
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