What do Ronald Reagan, Margaret Thatcher and John Howard have in common with the Piltdown Man? They all managed to sell a hoax that lasted for decades, before it was exposed as completely false. But wait, their hoax is still central to transglobal neoliberal capitalism’s stranglehold on us all, whereas Charles Dawson’s 1912 forged ‘missing Continue reading »
Economy
Australian inflation is almost back in the target range of 2-3%. The Reserve Bank should begin to cut interest rates now. This will help avoid a recession as well as substantially reducing cost-of-living pressures on the one third of households with a mortgage. Inflation outlook The critical economic question is when interest rates will start Continue reading »
In his address to the National Press Club on 24 January 2025, Prime Minister Albanese reflected on his Government’s decision announced a year earlier to change “the tax plan we inherited from the Morrison Government to make it better and fairer”. It is likely to be a major selling point in the coming Federal election. Continue reading »
Prioritising growth over all other considerations will only widen economic inequality and deepen already cavernous social crises, argues Neal Lawson
Australian society has never really been a cohesive entity. In the past its various socio-economic, religious, ethnic, cultural, and political factions have simply hung together largely through a sense of xenophobia about the outside world (read Asia) rather than a commitment to national unity based on shared values and mutually beneficial interests. But today xenophobia Continue reading »
Australians now have access to significant superannuation balances, but if superannuation is going to meet its purpose of ensuring an adequate income in retirement, reforms are needed to provide better access to a superannuation pension. The spread of superannuation is a major achievement The introduction of superannuation covering all employees by the Keating Labor Government Continue reading »
Forget the fear-mongering about a flight of the super rich. The reality is they're not going anywhere, argues Kate Bermingham
Anniversaries are not harbingers of doom. Twenty-five years back, Walter Marks of Oakland Capital, which now manages $US200 billion, had warned his clients that the dot.com boom was a bubble about to burst. On March 23 that year, the market peaked. From there, the Millennium Bug was not in the race to the bottom. This Continue reading »
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 »
Here we are again, at the beginning of yet another year. Let’s hope it is an improvement on the last. The highlights of this past year have been two events …
The post The Gower Intitiative for Modern Money Studies newsletter – January 2025 appeared first on The Gower Initiative for Modern Money Studies.