Tag Archives: IMF

FRANK STILWELL and CHRISTOPHER SHEIL. The IMF is showing some hypocrisy on inequality

The IMF should practice what it preaches when it comes to inequality.  

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IAN McAULEY. Brexit, Trump and the Lucky Country 3 – Globalization takes the rap, unfairly

Globalization has been only one of the developments that has led to widening inequality and social exclusion. Countries that have globalized have also introduced a raft of neoliberal domestic policies, against which people are reacting.

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Michael Keating. Is there a trade-off between equality and efficiency?

A critical policy issue has always been whether greater equality inevitably comes at a cost to the economic growth. For example, historically economists have typically believed that there is a trade-off between increased equality and efficiency. Even those economists who … Continue reading

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John Menadue. The Greek crisis and regime change.

Current Affairs A lot of the blame for the present crisis should be borne by many countries and institutions, but the one group that is least responsible is the present left-wing government of Greece, Syriza. The major blame must rest … Continue reading

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Is the European Central Bank looking after the Greek people or the banks?

Current Affairs. In London I have been reading this interesting piece in The Telegraph, by Ambrose Evans-Pritchard, (link below) on the ‘Greek problem’. It was published on 19 June 2015.  John Menadue. http://www.telegraph.co.uk/finance/economics/11687229/Greek-debt-crisis-is-the-Iraq-War-of-finance.html

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The Chinese are coming.

After WWII the financial hegemony of the US and Europe in the IMF and International Bank was established. Later, the Japanese came to dominate the Asian Development Bank. That is now being challenged by China. See article below by William … Continue reading

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John Menadue. Capitalism, inequality and taxation.

In his challenging series last week on ‘Is capitalism redeemable’ Ian McAuley drew attention to how growing inequality is the cause not only of serious social concerns, but it is also presenting us with some quite serious economic problems. There … Continue reading

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John Menadue. The Budget: Robin Hood in reverse.

There was a real risk that Tony Abbott and Joe Hockey believed their windy rhetoric of the last two years about debt and deficits. Having won the election they have had to face the reality that they have been grossly … Continue reading

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Myth-busting. John Menadue

One after another, the opinion polls tell us that the Liberal and National parties are much better economic managers than the ALP. This is despite Australia having one of the best performing economies in the world by almost any measure; … Continue reading

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