Tag: The Conversation

Could Russia collapse?

So is it speculative to talk about a future Russian collapse? Yes. Is there evidence it is imminent? No. But in many ways that’s the problem: when authoritarian regimes implode, they tend to do so very quickly, and with little warning.

Hence in the Russian case, it’s important to consider all possible eventualities, even if they might appear implausible at the moment.

And, if nothing else, it’s always better to be pleasantly surprised than blindsided by events we inconveniently decided not to foresee.

Source: Could Russia collapse?

Should the West negotiate with Russia? The pros and cons of high-level talks

Healthy humans drive the economy: we’re now witnessing one of the worst public policy failures in Australia’s history

Healthy humans drive the economy: we're now witnessing one of the worst public policy failures in Australia's history

Australians are getting a stark reminder about how value is actually created in an economy, and how supply chains truly work. Ask chief executives where value comes from and they will credit their own smart decisions that inflate shareholder wealth. Ask logistics experts how supply chains work and they will wax eloquent about ports, terminals and trucks. Politicians, meanwhile, highlight nebulous intangibles like “investor confidence” – enhanced, presumably, by their own steady hands on the tiller. The reality of value-added production and supply is much more human than all of this. It is people who are the driving force behind production, distribution and supply. Labour – human beings getting out of bed and going to work, using their brains and brawn to produce actual goods and services – is the only thing that adds value to the “free gifts” we harvest from nature. It’s the only thing that puts food on supermarket shelves, cares for sick people and teaches our children.

Source: Healthy humans drive the economy: we’re now witnessing one of the worst public policy failures in Australia’s history