In 2013 French economist Thomas Piketty’s book ‘Capital in the Twenty-First Century’ was released and became a best seller. On May 18, 2014, the English edition reached number one on The New York Times Best Seller list for best selling hardcover nonfiction and became the greatest sales success ever of academic publisher Harvard University Press. As of […]
Archives for May 2020
Fábrica Americana (American Factory)
Si pensaste que la ventaja que tiene China en la fabricación es por causa de la manipulación de su tasa de cambio o por el robo de tecnología extranjera, hay que ver la película ‘American Factory’. Sea cual sea la importancia de un yuan bajo, o el robo de tecnología, en la dominación china de […]
COVID-19 and Climate Change- Parallels and Differences
The parallels between the COVID- 19 and climate change crises are as follows: Both crises are global problems requiring global action but also requiring changes to the individual lifestyles of billions of individuals. Both crises demonstrate the importance of strong leadership by governments. While individuals, or even communities, can initiate or agitate for change, only the government can lead comprehensive […]
Responding to Corona Virus and Pre-Existing Economic Issues
Prior to the CVP Australia’s economy was already afflicted by significant economic problems including the following: Stagnant real wage growth and high incidence of insecure employment; Falling investment and stagnant economic growth; Increasing economic inequality; Increasing gender inequality– Over the last 12 years, Australia has fallen from a rank of 15th to 44th on the […]
Federal Labor will need a new narrative around funding further fiscal stimulus
(Tony Dalton assisted me with the contents of this article) Australia, like the rest of the world, faces a very serious situation. The coronavirus pandemic (CVP) and the ensuing economic crisis are unlikely to be short-lived. Despite Australia’s remarkable success in limiting the spread of the virus so far, Covid-19 is extremely contagious with high […]