For a transition to a low carbon economy to be just, the Australian government should force the fossil fuel industries to pay the entire cost. Just Transition refers to the measures needed to support workers and communities during a transition away from carbon-intensive industries. The concept has been adopted by many organisations including the Intergovernmental Continue reading »
Economy
It was in 1982 in Calcutta, India, on my way to a conference in Bhubaneswar in Orissa state when I was confronted by the sight of homeless people sleeping on the pavement right in the heart of the city in the early nightfall. This morning (01/08/2023), I was confronted again by the sight of homelessness Continue reading »
Indonesia looks poised for an economic boom that can spur its quest for a higher international political profile. Many scholars, politicians, and corporate figures in Indonesia believe the nation has the attributes to become more than the regional power it is now. Many Indonesians view Southeast Asia comprising the ten member countries in the Association Continue reading »
My fear is not that AUKUS SSNs, if they arrive, will be late, ineffective, and obsolete. My fear is that they will arrive and will be effective and even lethal. Because, if that is the case, they will play a part in the drive to a potentially devastating war with China that would be a Continue reading »
The US and China are at the forefront of new AI-imbued military technology development, and are the world’s undoubted leading military powers. But, while the US struggles to recruit highly educated personnel to its military; in China, out of over one hundred thousand recruits in 2022, 80% are tertiary educated, with more than half holding Continue reading »
Western economies have immovable “stagflation” that classical (include monetarist) policies won’t budge, the increasingly “bearish” market seems incapable of getting growth, investment is in retreat, unemployment is rising and people in rich countries are starving. The Great Depression was just like that, and so is the present western capitalist economy. As the pundit says, those Continue reading »
Australia must carefully monitor US domestic developments as a barometer of longer term risks to the reliability of our “great and powerful friend”, and to avoid being drawn into a US war against China. But the biggest lesson from the political polarisation in the US is that it is better to have lower overall economic Continue reading »
Due to the entrenched English class system, research has shown that the strong familial persistence of social status across generations has not changed in the UK across 400 years of accumulated data. With growing inequality and the emergence of ultra-wealthy and privileged classes in Australia – are we following the same path? Over the past Continue reading »
China is eschewing the former European Central Bank chief’s pledge to ‘do whatever it takes’ to stabilise via monetary easing. For weeks now, global markets have ricocheted between excitement over a Chinese stimulus boom and disappointment that Beijing was taking its sweet time to jolt a slowing economy. It’s now clear that Xi Jinping’s team Continue reading »
If previous defence acquisitions are any guide, the enormous cost of nuclear-powered submarines for the Royal Australian Navy will almost certainly escalate well beyond the estimated but un-itemised initial price of $A368 billion. The record of corruption of the two US submarine builders suggests that the project will also probably suffer from mismanagement. The final Continue reading »