Economy

Created
Sun, 19/01/2025 - 04:53
Humanity stands at a crossroads, its future bound not to conquest but to synthesis. The world before us is not one of irreconcilable opposites locked in perpetual conflict but an intricate ecosystem of human Adaptive Systems, each defined by its strengths and vulnerabilities. In a rapidly interdependent world, Western elites must abandon the confines of Continue reading »
Created
Tue, 31/12/2024 - 04:56
There was a time when the world looked to China to reduce its emissions. China was, they quite rightly pointed out, one of the globe’s worst polluters. A repost from Feb 15, 2024 But it’s never been the world’s worst offender. There are many arguments why. The obvious one is the per capita argument:China has Continue reading »
Created
Sun, 29/12/2024 - 04:57
If it wasn’t already clear, the writing is now well and truly on the wall for the fossil car makers: Just a week after BYD launched its $US15,000 “Corolla killer” and with the world’s largest EV battery maker recently announcing it’s on track to cut battery costs in half this year, new research suggests the decline in Continue reading »
Created
Mon, 23/12/2024 - 04:55
Australia is often celebrated as a wealthy nation, with a prosperity that is purportedly shared across its population. However, such assertions crumble under scrutiny. According to the 2021 census, 122,494 Australians were denied the basic right of shelter due to their inability to afford housing. This stark reality reveals the vast and growing chasm between Continue reading »
Created
Fri, 20/12/2024 - 04:55
When I met Andrew Leigh before his ‘Meet the Authors’ discussion of this new edition of his book, I had to ask him, ‘how on earth do you do this?’. Lyn Hatfield Dodds who moderated the discussion opened with the same question. Andrew Leigh is not only an extraordinary politician but an extraordinary person. Another Continue reading »
Created
Wed, 18/12/2024 - 04:52
If, as seems likely, Anthony Albanese and his government lose seats at next year’s federal election, one thing we can be certain of is that the nation’s economists and econocrats won’t be admitting to their not insignificant contribution to Labor’s setback. Economists have such a limited understanding of how the behaviour of the real-world economy Continue reading »
Created
Sat, 14/12/2024 - 04:55
Government spending is keeping Australia out of recession, just as last week’s feeble GDP numbers tallied 7 consecutive quarters of negative growth. Michael Pascoe reports on the moaning business lobby. A funny thing happened after Wednesday’s weak national accounts figures: a large part of the economic commentariat poured scorn on government spending and investment for keeping the Continue reading »