University campuses across the United States were implacable scenes of angry debate and protest. There were clashes with helmeted police in adjoining streets. In April 1968, students occupied administration buildings at Columbia University, one of the causes being the university’s conducting of classified war research. There is an iconic photograph of student leader Mark Rudd sitting defiantly at the university president’s desk…
On Australia’s present trajectory, the rich will be massively enriched, the well-off will be better off, and the costs of the pandemic will fall on the rest of the population. But the scope for radical change has rarely been greater.
Economics students should be exposed to big-picture issues. Why so much brutality in the growth of material ‘prosperity’, and was/is it inevitable? Why do economic systems vary across ‘capitalist’ countries? Whence came the welfare state and why the decades of attacks on it?
This is not a time of species affirmation; it is the hour of gravest peril. It is also a reopening of human possibility.
Trump's message is to make America great again. The means to do this, according to him, is to revisit the twentieth-century industrial capitalism that made America ‘great’ before. It is the legacy of this American Dream of bloated materialism and waste that is now choking the planet.
The snake-oil solutions proffered by Turnbull & Co. in their attempts to renew growth deserve two kinds of comment. First, that our present problems arise out of transformations associated with the shift to globalisation that took off in the 1980s. Second, growth is not really the main point.
As Malcolm Turnbull faces the reality of an unpredictable public and an imminent election, he is not finding life all that easy.. Being popular without actual policy had only a short term prospect, and most actual policies that are briefly floated turn out to be fraught one way or another. The most exciting of times are hardly straight-forward.
The implications for the capitalist economy and Australia’s mining in the face of Climate Change by Conal Thwaite
John Hinkson discusses the implications of two worlds developing on the cultural stage