Eureka Street

Keywords: Brics

ECONOMICS

Has the developed world run out of ideas?
- David James
- 14 October 2024
Advanced industrial societies are running out of ideas, masking stagnation with financial trickery, which is now faltering. In contrast, developing nations can clearly advance through industrial phases, especially by building infrastructure. For them, the path to improving lives is clear; for developed nations, it remains uncertain.
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ECONOMICS

Australia’s property boom is splitting society in half
- David James
- 10 September 2024
2 Comments
As continued high interest rates and stagnant incomes put a strain on households, leading more Australians give up on the dream of home ownership, government attempts to manage both the cost of living crisis and the housing crisis may be doing too little too late.
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ECONOMICS

The biggest untold story in the history of money
- David James
- 03 May 2024
1 Comment
It is a truism to say that the way money is constructed defines the power structure under which we live. But allowing private actors to manipulate and game the financial system has not just given them extraordinary power, it has undermined the way money itself is understood.
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ECONOMICS

Best of 2023: Dawning multipolar world in global finance
- David James
- 04 January 2024
From Moscow to Beijing, a change in global finance looms, set to challenge the long-standing economic hegemony. This imminent shift could redefine global power structures, disrupt currency markets and international trade. Amidst this uncertainty, one thing is clear: the game of geopolitical chess is no longer played on a Western-centric board.
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INTERNATIONAL

The twilight of Western dominance in a world split in two
- David James
- 13 December 2023
1 Comment
As the world thawed post-Cold War, a debate raged over global supremacy, with Western powers predicting a unipolar world dominated by liberal democracy. Contrarily, others envisioned a future shaped by cultural and religious divides. In a shifting geopolitical landscape, the echoes of this debate continue to challenge long-held assumptions on global power dynamics.
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ECONOMICS

Dawn of the multipolar world: A new order in global finance?
- David James
- 13 June 2023
1 Comment
From Moscow to Beijing, a change in global finance looms, set to challenge the long-standing economic hegemony. This imminent shift could redefine global power structures, disrupt currency markets and international trade. Amidst this uncertainty, one thing is clear: the game of geopolitical chess is no longer played on a Western-centric board.
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ECONOMICS

Russia sanctions reveal growing split in the global financial system
- David James
- 14 December 2022
What the failed attempt to crush Russia’s economy has revealed is that America’s and Europe’s dominance of the global financial system is something of an illusion; more like money changing hands in a giant casino rather than actual wealth.
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ENVIRONMENT

Green consumerism is part of the problem
- Jacinta Bowler
- 16 September 2019
7 Comments
Whole industries have sprung up dedicated to help alleviate climate stress. Tote bags. Metal straws. Zara has announced 100 per cent of its fabrics will be sustainable by 2025 while Apple has said it plans to eventually stop mining. All of this looks great, but it doesn't help the underlying issue: We are still buying way too much stuff.
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ECONOMICS

New world order of gas and finance
- David James
- 15 December 2015
3 Comments
In the early 1990s, America, Europe and Japan accounted for about 90 per cent of world GDP. Now, they account for less than half. The BRICs and other developing nations have grown steadily (in China's case spectacularly) while Europe has stagnated and America has sputtered at best. Recent developments in the geopolitics of fossil fuels and in finance confirm the perception that the rise of China and the developing world spells the end of US global hegemony. Against this backdrop, the narrative of the West has grown increasingly incoherent.
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INTERNATIONAL

Time to come to grips with life after US dominance
- Tony Kevin
- 09 November 2015
8 Comments
The US unipolar moment is ending. Real multipolarity is upon us, with Russia, China, India, Brazil, South Africa and Iran testing new multipolar arrangements for sharing world power. The US fears these changes, and would prefer to corral everybody back into the familiar bipolar camps of the past. This would be a disaster. Australia will benefit from a stable rules-based multipolar world, and our foreign policy can help build it. But we are going to have to take a few calculated risks along the way.
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AUSTRALIA

An ignoble boycott calculated to hurt Russia
- Tony Kevin
- 07 May 2015
11 Comments
On Saturday, a Victory Parade will commemorate the 70th anniversary of the final defeat of Fascist Germany. It is a fitting tribute to the heroism of the Russian people for their huge sacrifices and sufferings in a common cause with the west. Many leaders including US President George W. Bush attended the 60th, but a specious rationale is dictating a boycott this time around.
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ECONOMICS

Ukraine conflict heightens global economic split
- David James
- 28 April 2015
2 Comments
The conflict in the Ukraine has attracted a great deal of attention for its geo-strategic implications. Less noticed have been the economic implications. The sanctions placed on Russia have forced Russia to become even closer to China, and the alliance between a military superpower and an economic superpower is beginning to split the global economy in two. It may come to represent the biggest geo-economic and geo-political shift of the first half of this century, defining much of the future landscape.
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Keywords: Brics