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Keywords: Gfc

  • AUSTRALIA

    A house divided: In conversation with Alan Kohler

    • David Halliday
    • 08 November 2024

    As house prices soar, half the nation finds itself locked out of the property market. In conversation with Eureka Street, Alan Kohler untangles the web of tax incentives, population pressures, and government policies fueling the housing crisis to discover why, despite public outcry, solutions remain frustratingly out of reach.

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  • 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.

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  • ECONOMICS

    Rising interest rates point to a larger problem

    • David James
    • 28 June 2022
    3 Comments

    The question that should be posed is how effective has the Reserve Bank been at ‘managing’ the economy and financial system? ‘Not very’, has to be the answer. Not that the RBA is alone. The same pattern has been seen across the developed world. Central banks have one weapon at their disposal, the cost of money (the interest rate), and there is not much evidence they have used this tool to make their systems sustainable. Mostly, they have made matters worse. 

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  • AUSTRALIA

    We need a robust democracy now more than ever

    • John Warhurst
    • 23 March 2020
    20 Comments

    COVID-19 brings many tests. Amid the health, economic and financial crises brought about by the pandemic, our greatest test is to conduct ourselves as a robust democracy and to demonstrate that we are a fair society. Neither test will be easy to pass, but we must aim to emerge at the other end as a better society.

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  • RELIGION

    Dawkins delusion: the legacy of New Atheism

    • Tim Robertson
    • 27 February 2020
    16 Comments

    Contrary to their claims, the New Atheists do have a creation myth. It goes something like this: emerging from darkness into the light, Enlightenment thinkers cast off the shackles of religion and, in so doing, ushered in an age of reason. For the likes of Richard Dawkins, a founding member of the movement, this is an article of faith, and he’s spent recent years casting himself not just as an heir of this tradition, but also as its modern day guardian.

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  • ECONOMICS

    How climate change is remaking finance

    • David James
    • 04 February 2020
    3 Comments

    A shift is afoot in the west's financial markets that represents the most important economic change since the emergence of the new financial instruments in the 1990s that ultimately led to the global financial crisis. It is likely to result in a new way of thinking about money, which will change the substructure of developed economies.

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  • ECONOMICS

    Ways out of the capitalist rabbit hole

    • David James
    • 21 October 2019
    5 Comments

    Recognising that financial systems are a human creation rather than natural systems governed by 'capital flows' would be an important step to conceiving a more robust and equitable system. To ask what kind of society we want and only then work out what we want money to do for us is to put the horse back in front of the cart.

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  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 13 September 2018
    2 Comments

    It has been a decade since the banking aristocracy Lehman Brothers filed for bankruptcy in what would be the chant of doom that became the Global Financial Crisis. Today, the legacy of Lehman Brothers and the crisis it helped precipitate supply warnings of the next shock.

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  • ECONOMICS

    Australia's deadly game of mates

    • David James
    • 14 August 2018
    6 Comments

    Murray and Frijters detail what they call Australia's 'grey corruption': the grubby nexus between 'James' (corrupt business people) and governments or regulators. The Jameses thrive at the expense of the 'Bruces': ordinary working people. The games of the corrupt elite now cost the 'Bruces' about half their wages.

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 14 May 2018
    4 Comments

    As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.

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  • ARTS AND CULTURE

    Lady Bird's riposte to Hollywood sexism

    • Tim Kroenert
    • 28 February 2018
    8 Comments

    That Hollywood has a gender equality problem is not in doubt. The conversations around what constitutes assault and harassment, and about how Hollywood culture reflects and reinforces equality in society at large, is vital, and sophisticated. The standard of what we should expect is being constantly raised. It should be.

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  • ECONOMICS

    No economy of exclusion and inequality

    • Joe Zabar
    • 27 February 2018

    'Francis' statement is not one merely for theological or academic contemplation. It is in effect Francis' call to establish a new benchmark for our economy, one where exclusion and inequality are no longer a natural and accepted consequence of its operation.' Director of Economic Policy for Catholic Social Services Australia addresses the CSSA annual conference in Melbourne, February 2018.

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