Some level of inequality might be necessary in a modern economy, but new research indicates that income inequality has curbed growth significantly. Sergio Arzeni from the OECD in Paris says it’s vital to understand how this impacts our societies and economies.
There is a noticeable shift from purely profit-driven capitalism towards an integrated social citizen. The founder of Pro Bono Australia, Karen Mahlab, sees it happening in Australia and around the world.
In the economics of human interaction, spending doesn’t deplete, but multiplies. Ian Lowe from Go-Givers Australia illustrates with a case study that in life or business, the more you give, the more you have.
Jeremy Rifkin has written a book discussing the trend in many fields toward zero or near-zero costs brought about by the so-called prosumer revolution, where consumers become producers as well. Ian McAuley says it is the book Karl Marx may have written today.
The Group of 20 (G20) is meeting in Brisbane this week to discuss the global economy. William Bourke says we should focus less on the GDP and instead look at real progress indicators like high employment, a diverse economic base and sustainable resource management.
Do we have a healthy balance between the state, the market and the community? Sociologist and activist Eva Cox says we need to work on how to restore government and community power to avoid dire consequences for our society.
It has been recently suggested that the family home should be taken into account in determining age pension entitlements. Laurence Strano says this is the last thing we need as we are already over-governed and over-regulated.