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Driving inequality: Frank Stilwell asks should we accept the prevailing political-economic arrangements that generate inequality.(Report)
- Article from:
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Arena Magazine
- Article date:
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February 1, 2008
- Author:
- Stilwell, Frank
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Copyright informationCOPYRIGHT 2008 Arena Printing and Publications Pty. Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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'A rising tide lifts all boats' is an expression commonly used by economists and politicians to justify prioritising economic growth and neglecting the distribution of income and wealth. It has had particular resonance in the last decade. As Australia has become wealthier, material living standards have generally increased. But the benefits of economic growth have been unevenly dispersed. To adapt the nautical metaphor, big waves have distorted the rising tide, causing some boats to ride high in the water while others are in danger of capsizing.
The latest figures from the Australian Bureau of Statistics (ABS) give some indication of the disparities. In the two years from ...
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Fed: Inflation reaches three per cent=3
AAP General News (Australia);
October 26, 2005 ;
194 words
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ALonmin 3649p (up 251p 7.4 per cent) Traders speculate [Derived headline]
The Independent - London;
September 29, 2007 ;
263 words
...ALonmin 3649p (up 251p, 7.4 per cent) Traders speculate on a potential takeover. AYell Group 429p (up 11.25p, 2.7 per cent) Exane BNP Paribas says "buy". ATullow Oil 596p (up 11p, 1.9 per cent) Stages rally after losses during its first...
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AAntofagasta 826p (up 26p 3.25 per cent) Miners lead [Derived headline]
The Independent - London;
October 6, 2007 ;
277 words
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AWolseley 442p (up 24.5p 5.87 per cent) Cheered by [Derived headline]
The Independent - London;
August 29, 2008 ;
259 words
...AWolseley 442p (up 24.5p, 5.87 per cent) Cheered by better-than- expected US economic...Bank of Scotland 230p (up 8.25p, 3.72 per cent) Recent board changes; sector rallies after...Agricole. AAMEC 835p (up 11.5p, 1.4 per cent) Positive results. ABodycote 224p (up 14p...
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Fed: Trade deficit down 36 per cent in May: ABS=2
AAP General News (Australia);
June 30, 2003 ;
193 words
...00-00-0000 Fed: Trade deficit down 36 per cent in May: ABS=2 The bureau said the value of rural exports slipped four per cent, or $68 million, to $1.8 billion. Wool and sheepskin sales fell 27 per cent, with exports of greasy wool down 36 per cent...
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Paul Haigh: Decimated, but only by ten per cent.(Sports)
The Racing Post (London, England);
July 27, 2000 ;
Haigh, Paul;
639 words
...TEN per cent may not sound very much. It's only what your...used to have to pay on every bet. Ten per cent off the price of an item wouldn't normally...gimme, gimme just because he's seen 10 per cent extra free on a bar of chocolate or a can...
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Boom & doom; Scots house values soar by 16 per cent as pricey South faces...
The Daily Mail (London, England);
January 3, 2003 ;
Thompson, Dawn;
662 words
......HOUSE prices across Scotland rose by 16 per cent last year - the highest growth rate since...last year - an increase of about 25.3 per cent. The figure for Scotland was just pound...Scotland are expected to rise around 10 per cent in 2003, but the study predicts London...
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City expects interest rates to hit 4 per cent by spring
The Scotsman;
November 11, 2003 ;
JAMES DOW economics correspondent;
361 words
...INTEREST rates will rise to 4 per cent by March, according to the latest poll of...next year. Rates are currently at 3.75 per cent, following the Bank of England's decision to tack a quarter per cent on the cost of borrowing this month. The...
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82 Per cent want a referendum on the constitution
The Spectator;
April 26, 2003 ;
Shakespeare, Stephan;
625 words
...Only 15 per cent of people in Britain are aware that the EU is drafting a constitution. That's up 5 per cent from the month before (our YouGov poll for...things it might contain. Thirty-nine per cent approved of the general idea of creating...
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Fed: Jobless rate drops to 4.1 per cent in August =2
AAP General News (Australia);
September 11, 2008 ;
118 words
...Fed: Jobless rate drops to 4.1 per cent in August =2 Despite the overall fall in the jobless rate, unemployment in NSW rose to 4.9 per cent in August from 4.7 per cent in July. However, in Melbourne it dropped to 4.3 per cent...
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European plastics demand up 6 per cent. (Materials Marketplace).(Brief...
British Plastics & Rubber;
July 1, 2000 ;
500 words
...EUROPEAN demand for thermoplastics increased 6 per cent during 1999 to more than 30 million tonnes...PS, PVC and PET -- account for around 93 per cent of demand, and their share was up 6.4 per cent to more than 28 million tonnes in 1999. The...
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Legal and Finance: Ten per cent rise in fat cats' salaries.
The Birmingham Post (England);
November 9, 2001 ;
397 words
...Directors' pay has risen by almost ten per cent in the past year although the link between...accountants Andersen, the increase of 9.8 per cent compares with the previous year's rise of 9.1 per cent. Almost 20 per cent of FTSE 100 companies...
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Fed: House prices up 3.4 per cent in March quarter: ABS
AAP General News (Australia);
June 5, 2003 ;
254 words
...00-00-0000 Fed: House prices up 3.4 per cent in March quarter: ABS CANBERRA, June 5 AAP - House...Statistics (ABS), showed an average rise of 3.4 per cent in the March quarter, from 4.8 per cent in the December quarter, and 18 per cent for the...
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Steady support for Labour at 42 per cent
The Press;
September 18, 2000 ;
MAIN, Victoria;
340 words
...Support for Labour is steady at 42 per cent despite raging controversy over the Government...poll shows National was also on 42 per cent, up only one point. The survey was taken...personal rating fell just two points to 34 per cent in the poll, while National leader Jenny...
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