GFC

National | World | Economic History | Pop Eco | Interactive Articles

The human condition: the economy’s worst enemy

Economic downturns and market crashes have long been accepted by society as the norm, yet we find ourselves in deeper holes as each financial crisis hits us. Is there a reason? Andrew Wong explains that we are the reason.

Markets and morality

In recent years, the interrelationship between ‘free markets’ and morality has become increasingly apparent. Stories of corporate corruption, unethical animal testing and the exploitation of workers in third world countries arise frequently in the media.

Read more

The failures of neoliberalism

This article was featured in the 2013 edition of Equilibrium, our annual print publication.

‘The salient failure of the current financial crisis is that it was not caused by some external shock … the crisis was generated by the system itself.’—George Soros

Read more

Still uncharted territory – post-crisis central banking

With Janet Yellen firmly in the reigns of the world’s largest central bank, many are looking to the legacy left by her predecessor Ben Bernanke. Love or loathe him, Bernanke undoubtedly pioneered a new style of central banking based on large scale direct market intervention, mainly through policies such as quantitative easing. With the policy now being scaled down, it is useful to ask whether QE and more broadly whether the Federal Reserve has been successful in supporting the US recovery.

Read more

The Great Deformation

David Stockman’s ‘The Great Deformation’: doomsday ramblings or insightful criticism of modern financial systems? Hungy reads to find out.