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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.
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.
As someone who lately has been closer to witnessing the work of nurses and medical professionals than I’ve really wanted to be, I do not need persuading of their benefit to society. Perhaps every day should be ‘Hug a nurse day’.
With the Queensland Government changing the Youth Justice Act, detention of children will no longer be seen as a last resort, causing widespread dismay among youth justice advocates. It invites reflection on what we should expect when we advocate for a cause, ranging from climate change to perceived injustice, and how we should evaluate our efforts.
Good health is not an achievement to take credit for. It is something to be grateful for, a sign of good fortune as well as of good living. We must press for health to be seen as a right shared equally by all people throughout the world. And addressing that need in Australia must begin by strengthening our public health system.
In today's 24/7 Grind Culture, rest has become rare. Rebuilding a healthy culture of rest will involve supporting workers with decent wages, campaigning against companies that exploit employees, and investigating supply chains that use slavery and exploited labour to produce their products.
What does it mean when ideas of scarcity – supposedly the driving principle in understanding supply and demand – are no longer the only or best way to think about economic activity? What is needed to understand the post-industrial environment is a new way of thinking about economics and finance.
Much of the discussion about tax reform is about the mechanisms of collection; around changes to things like negative gearing, stamp duty, land tax, capital gains tax, and superannuation. But what is missing is a statement of values about what we expect our tax system to fund.
Public hospitals around the country introduced mixed gender rooms during the noughties to get patients to their rooms quicker after being in emergency. It has since become common practise, without significant debate or research.
The bandage around my knee drew the practitioner’s eye, and my attempt to talk it away as a minor issue was no match for her professional perseverance. While I waited, she called in a specialist from orthopaedics, who took a good look at the affected area and warned me that unless I presented myself at outpatients very soon, ‘this could kill you’.
Why does society often overlook the passion, creativity, and dedication that underpin smaller businesses? As the public's perception leans towards the unfavourable side, is there a need to shift our focus and truly acknowledge the value and contributions these businesses make in our daily lives?
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.
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