Welcome to Eureka Street

back to site
Forgot your password?
Subscribe

Keywords: Economy

  • AUSTRALIA

    The problem with CEO pay rises

    • Joe Zabar
    • 25 June 2024

    For decades, unchecked corporate power and policy failures have driven up Australia's cost of living, leaving many Australians struggling. As corporate interests dominate, CEO pay increases dramatically while wages stagnate, and inflation rises. This influence of corporate Australia has eroded economic safeguards, dismantling the guardrails that once protected the common good.

    READ MORE
  • INTERNATIONAL

    Numbers of war and peace

    • Sergey Maidukov Sr.
    • 20 June 2024

    Unlike the initial days of the Russian invasion of Ukraine, when thousands eagerly gathered at recruitment centers, the army now faces difficulties in enlisting new soldiers as the troops continue to endure ongoing hardship. 

    READ MORE
  • 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.

    READ MORE
  • AUSTRALIA

    Neither seen nor heard

    • John Falzon
    • 30 May 2024

    In a signature essay published last year in The Monthly, Treasurer Chalmers staked out an ideological terrain he described as ‘values-based capitalism.’ The Budget 2024 is quite the big reveal on what those values include and who they exclude. In it, the people who have borne the brunt of inequality and precarity are neither seen nor heard. 

    READ MORE
  • ECONOMICS

    War is bad economics but very good business

    • David James
    • 09 May 2024

    There is money to be made in war, especially from making weapons, and what we are witnessing at the moment in Ukraine and the Middle East is simply the latest episode in a story that goes back centuries.

    READ MORE
  • ECONOMICS

    The biggest untold story in the history of money

    • David James
    • 03 May 2024

    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.

    READ MORE
  • ECONOMICS

    Where does nuclear fit in Australia's zero-carbon future?

    • David James
    • 04 April 2024
    2 Comments

    Big changes are occurring in the financial sector that suggest the climate change agenda is starting to lose crucial support with the world’s largest fund managers. As support for ESG goals wane, the conversation is shifting to nuclear energy. But does it make any financial sense? 

    READ MORE
  • ECONOMICS

    Review: The Shortest History of Economics

    • David James
    • 22 March 2024

    Economics may be useless for forecasting, and its assertions can be overly simplistic. But it is a language that should be understood, and here is a good place to start. In simple and clear prose, Leigh spans the history of human economic activity, beginning in prehistoric times and ending with the modern day.

    READ MORE
  • ECONOMICS

    The economy is in worse shape than you think

    • David James
    • 07 March 2024
    4 Comments

    The aggregate picture of the economy may seem healthy enough after two years of heavy immigration, over 800,000, and the return of students and tourists. But the elephant in the room remains. Australia is a two-tiered society sharply divided between people who own homes and people who do not. The generational divide is worsening.

    READ MORE
  • ECONOMICS

    Our greatest threat isn't climate change or AI. It's Moloch

    • Daniel Simons
    • 14 September 2023

    In a world increasingly governed by algorithms and AI, the ancient deity Moloch emerges as a haunting metaphor for our tech-driven sacrifices. Drawing parallels from historic rituals to present-day digital dynamics, ancient fears offer insight into today's most pressing existential challenges. 

    READ MORE
  • AUSTRALIA

    The RBA's man with the hammer

    • James Massola
    • 13 June 2023
    2 Comments

    In a year defined by surging living expenses, RBA Governor Philip Lowe finds himself the object of public ire, his failed rate predictions and aggressive anti-inflation measures becoming a litmus test for the enduring effects of a global crisis. Will the Labor party dare sever ties with Lowe, or will they allow him to continue wielding the hammer, regardless of the mounting human cost?

    READ MORE
  • RELIGION

    The Pope's economist: Mariana Mazzucato's plan to revitalize the global economy

    • Bruce Duncan
    • 01 June 2023
    2 Comments

    Prominent figures such as Australia's Treasurer Jim Chalmers and Pope Francis are turning to economist Mariana Mazzucato for insights on reforming the neoliberal capitalist system. Her vision for an equitable and sustainable global economy, aligned with the UN Sustainable Development Goals, is influencing key discussions on economic fairness worldwide.

    READ MORE