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.
It is not difficult to imagine a scenario where the game of musical chairs in Australia will come to a shuddering end, imperilling the banks and dragging the economy into a deep recession. As we saw in the GFC in America and Europe, government money will be thrown at the banks to rescue them at the expense of ordinary citizens.
Many of us have grown up with Norman Lindsay's classic tale of the magic pudding; the pudding bowl that never empties no matter how often the pudding was eaten. It seems that the magic pudding bowl has been borrowed by the federal government, if the proposed new business and income tax cuts are anything to go by.
'We need to recommit to work for all those who are able and willing. We need to recommit to social assistance for all those who are not able. We need to ensure that a life of frugal dignity is within the grasp of all citizens.' 2017 Rerum Novarum Oration by Fr Frank Brennan SJ
The promise of riches from the trickle-down effect is at best patchy for many Australians, and non-existent for others. Continuing with the same economic and social policy settings will exacerbate the already growing divide between the rich and the poor and eventually damage the economy to such an extent that it has a detrimental effect on everyone.
The conflict has finished, but a stubborn and deluded band of stragglers, led by their belligerent General, Tony Abbott, don't want to believe it. Abbott is behaving like the infamous Imperial Japanese officer Hiroo Onoda, who refused to accept his country's surrender in 1945 and spent a further 29 years fighting phantom enemies in a remote tropical jungle.
The big media players eventually get what they want by wearing down the government of the day and latching on to whatever opportunity comes their way. This month the government handed them the reform they've long craved while Xenophon attempted to win some concessions. We can assume Australia's media market will now become more concentrated. What we don't know is whether Xenophon's trade offs will do enough to protect public interest journalism and media diversity.
There are lots of reasons why China wants to accelerate the uptake of electric vehicles. It desperately needs to curb air pollution, which the World Health Organization estimates kills more than a million of its citizens each year. It also wants to reduce dependence on imported oil, and help meet climate change targets. Most crucial, however, is China's intention to dominate the global market for electric vehicles and the technology that powers them, lithium-ion batteries.
The real call of Everyone's Business is to move beyond them and us to admitting that there is only us. If we are truly to build an inclusive and sustainable economy, it can't be just those in full time paid employment who are part of that economy. We take seriously the principles of neo-liberalism, letting the market decide. But we set limits on the market for the common good.
193-200 out of 200 results.