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COVER STORY: A program for Australia’s future

COVER STORY, ECONOMICS, NATIONAL AFFAIRS

Regardless of the federal election outcome, Australia needs policies for industry and finance to handle the risks posed by the ongoing global financial crisis and from Australia’s “two-speed” economy. Failure to confront these problems today, while it can still reap the benefits of the mining boom, risks Australia, in a fit of absent-mindedness, being drawn into the orbit of China and, ultimately, compromising its sovereignty. Following the global strategic and economic transformations underway, the world will be a vastly different place. However, Australia has been lucky to have been largely insulated from the global financial crises of the past two…

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OPINION: America: the most generous nation on earth

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Which is the most generous nation on earth? A hint. Who is the world’s richest man? If you said Bill Gates, you are wrong. The richest man on earth is Carlos Slim Helu, a Mexican telecommunications tycoon of Lebanese extraction. He is worth $59 billion. Coming in second is Bill Gates. He would be the…

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CLIMATE SCIENCE: Earth is never in equilibrium

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To a significant extent, the issue of climate change revolves around the elevation of the commonplace to the ancient level of ominous omen. In a world where climate change has always been the norm, climate change is now taken as punishment for sinful levels of consumption. In a world where we experience temperature changes of…

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COVER STORY / POPULATION: The philosophical roots of ‘Demographic Winter’

COVER STORY, LIFE MARRIAGE & FAMILY

Many years ago, economist Richard M. Weaver wrote a book with a title both prosaic and profound, Ideas Have Consequences. Those three words hold the key to understanding all of the social trends and political movements that confound us. Nothing happens in a vacuum. In human experience, nothing occurs spontaneously or haphazardly. For every effect there is a cause. Demographic Winter didn’t just happen. Rather it is the culmination of societal acceptance of highly dubious ideas and policies. The Japanese didn’t wake up one day and say: “Hey, let’s have the most rapidly ageing population in the world. In the…

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TRADE UNIONISM: The most dangerous man in Detroit?

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US trade union pioneer Walter Reuther (1907-1970) was one of the most powerful figures of his generation. He pioneered in America the concept of a family wage achieved through collective bargaining by trade unions, and the ALP directly derives its “working families” political blueprint from American unionism. In this, the 40th year since Reuther’s passing,…

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FOREIGN AFFAIRS: Behind the US-China trade dispute

FOREIGN AFFAIRS

Trade relations between the United States and China have deteriorated seriously as a result of China’s refusal to revalue its currency, the Renminbi (also known as the yuan), facilitating the flood of Chinese manufactured goods onto world markets, and China’s massive trade surplus with the rest of the world, including the US. The massive trade imbalances in the world have created huge trade surpluses, generating the capital flows which financed the junk-bonds boom whose collapse triggered the global financial crisis. Efforts by successive US administrations to persuade China to adopt Western-style currency policies, which would involve permitting the Renminbi to…

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