Put the Liberals Last, Then Unsheathe the Strike

May 23, 2016 Mbeljac 0

As Australia heads to the polls it is worth keeping in mind that all the signal advances made toward a socially just Australia have been accompanied by an upsurge of strikes and labour movement militancy. The great strikes of the 1890s were key events that ushered in the system of […]

Why the Efficient Market Hypothesis is Correct

May 14, 2016 Mbeljac 0

According to neoclassical free market economics, which has it that markets know best, markets are efficient as they incorporate all available information. In particular, financial markets are efficient and they are not prone to mania, bubbles, and spectacular crashes. This view of markets has been dominant, and has framed, indeed […]

Peak Knowledge and Social Complexity: Are They Linked?

April 19, 2016 Mbeljac 0

The New York Times carries a thought provoking op-ed by William Gail on what he refers to as a looming new scientific dark age. Let us put aside the quibble that the dark ages might not have been as dark as commonly supposed. Gail makes the argument that as global […]

Nuit debout, Everywhere, Every Workplace

April 12, 2016 Mbeljac 0

What is happening in France is a delight to witness. Occupy Wall Street, the Indignados of Spain, and now Nuit debout in France has recrystallised the opposition to neoliberal globalisation in the West after the movement’s post 9/11 dormancy. The crafting of a new world beyond corporate globalisation, beyond capitalism […]

Self and Emancipation

April 6, 2016 Mbeljac 0

Former Prime Minister Paul Keating, in many ways the most significant architect of neoliberal Australia, not long ago told a gathering of school students, from Melbourne Grammar no less, that “In the last 30 or 40 years, the quest for self has become central and that quest is both unrewarding […]

Australia and the Permanent Revolution for the Rich

April 4, 2016 Mbeljac 0

Australia is heading toward an election because corporate Australia, by now dominated by multinational corporations, demands of the Prime Minister, Malcolm Turnbull, more free market economic reforms so that their coffers may be filled just that little bit more. Hitherto Turnbull has by and large dithered on reform, even though, […]

What Get’s the Blame for the Slowing Economy?

March 31, 2016 Mbeljac 0

There isn’t a doubt that if you walked into any pet shop you’d hear the resident Galah talking about secular stagnation. The current issue of the flag ship journal of the elite, Foreign Affairs is dedicated to the issue of slow or stagnant, global, economic growth. Steven Rattner, a leading […]