Eureka Street

Keywords: Debt Crisis

AUSTRALIA

The delight and discomfort of undeserved gifts
- Emma Wilkins
- 18 December 2024
Gift-giving should be a celebration of kindness, but modern rituals often entangle us in obligation and excess. From generous neighbours to Christmas present hauls, reciprocal gifts build and shape our relationships. But what does it mean to give without strings?
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ECONOMICS

The trouble with a shrinking population
- David James
- 11 December 2024
BlackRock CEO Larry Fink predicts AI and shrinking populations will bring higher living standards without growth. But his optimism overlooks a critical flaw: conflating productivity, efficiency, and the true cost of 'growth.' With economic foundations shifting, the future demands a radical rethinking of capitalism’s purpose and the systems driving it.
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INTERNATIONAL

Climate finance still feels like charity, not justice
- Damian Spruce
- 10 December 2024
At COP29, the world’s wealthiest nations promised to confront climate change—but delivered only a fraction of the required funds, leaving developing countries with a trillion-dollar shortfall. As Pope Francis warns of a sick planet, the question remains: Who pays for the climate crisis, and who bears the consequences?
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INTERNATIONAL

Is America ready for a tycoon President again?
- David James
- 18 November 2024
4 Comments
Donald Trump's first term, marred by impeachments, bureaucratic resistance and a pandemic, offered few answers as to how a businessperson might navigate the complexities of Washington. Now, as he returns to office, Trump’s business instincts — and their implications for governance — are once again under scrutiny.
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AUSTRALIA

Priced out of parenthood: How Australia's housing crisis is lowering the birthrate
- David James
- 24 October 2024
3 Comments
Soaring property prices and declining fertility rates are entwined in a feedback loop, threatening long-term economic stagnation. As younger Australians are priced out of the market, many are delaying or forgoing parenthood, leading to an increasingly divided and unsustainable society.
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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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AUSTRALIA

Betting the nation: How Australia became the world's biggest loser
- Claire Heaney
- 11 October 2024
Australia’s gambling culture, once seasonally grounded in the Spring Racing Carnival, has become a year-round obsession. From family sweeps to the rise of betting apps, gambling has become ingrained in the nation's identity, leaving in its wake a growing crisis of addiction, debt, and societal harm.
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AUSTRALIA

Speculation nation: How housing became a game for Australia’s wealthy
- Adam Hughes Henry
- 08 October 2024
5 Comments
Australia’s housing crisis is increasingly seen as a byproduct of system rigged for the wealthy, while ordinary Australians grapple with debt and rising costs. As home ownership becomes increasingly out of reach, it's time to rethink housing as a right, not just a means of wealth accumulation.
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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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AUSTRALIA

A national declaration of dignity
- Joseph Camilleri
- 28 August 2024
3 Comments
As Australia faces numerous moral crises from domestic inequality to global militarization, a proposed national charter of principles could to reshape our society and redefine our global role. This declaration would acknowledge Indigenous dispossession, prioritize human rights, and shift focus from military alliances to human security.
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ECONOMICS

Waiting on the cash flow oracle
- David James
- 05 June 2024
Early every month Australians with big mortgages anxiously wait to find out if the Reserve Bank will raise interest rates and put more pressure on their domestic budgets. It is a bit like waiting for pronouncements from the modern day equivalent of the Delphic oracle.
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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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Keywords: Debt Crisis