The fourth estate is an indirect and significant form of influencing the democratic process, so who and what we listen to is incredibly significant. So our broad society is controlled by journalists, and more aptly, editors who dictate the conversations we have, so why isn't the media held accountable? Can the media be held accountable? What can we do as a grassroots podcast to change the media landscape and responsibilities of networks?

To help tackle these questions we brought in our resident media academic, Peter Thomson.

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Nations around the world are trying a variety of policy settings to cope with the unique set of economic circumstances that the COVID-19 pandemic has caused. In Australia we have guaranteed payments to a large portion of the population, and provided welfare to those affected at previously inconceivable levels. The neoliberal establishment is going to have a hard time returning to status quo after spending so much to keep the country afloat. David and Tim are joined by Dr Steven Hail from the University of Adelaide, a prominent Australian Modern Monetary Theory Economist, to explain the current circumstances and comment on the prospective future.

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In this raw episode get an inside look at how to calculate the expenses of inaction on climate with a candid and minimally-produced conversation with Ecological Economist at the University of Adelaide, Phil Lawn. For context, this conversation was recorded in late 2019, so Tim and David met with Phil in the studio to gain a very insightful and descriptive basis for Phil's work. We often talk about the cost of climate action in financial terms or the impact it will have on our wellbeing or our capacity to make things and keep lights on. This episode reveals the lack of logic in framing the conversation that way, and how inaction costs not just the environment, but everything within it, including us. With a holistic look at real resources, we can gain a greater perspective on everything that contributes to our wellbeing and our synergy with the world around us. Ecological economics is a return to including all kinds of capital in the equations, from social capital to natural capital, to financial capital, and everything in between.

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Live from the quarantine bunkers (via the wonders of the internet) David and Tim explain what's worth worrying about and what we can do to calm the masses of very vulnerable and terrified people. Despite the complexity and bleakness of days ahead, there is a lot to feel opportunistic about, but fear has taken the driver's seat for most of us. Why? There's a lot of science and ancient ideas to back up the antidotes to fear, and we hope to share some helpful exercises and practices to keep relative mental equilibrium and perhaps even flourish through the adversity of our time.

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COVID-19 has brought about a socially depraved new world, but the health crises have consequences in ways not all of us have considered, and not all of us are appropriately reacting to. Tim and David ruminate on the consequences socially and economically, then the security issues caused by COVID-19 and address some of the health scares and hysteria. We are not health professionals, please seek health advice from the appropriate source, one of which would be the WHO who we respect and listen to for broad cross-cultural advice.

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Fairly tumultuous times have occurred throughout history, but few compare to WWI, so why does David think it gave way to the golden age of human development? Australia and many other countries are facing crises that are likely to last for a long time and have consequences we haven't even thought about - but there's a lot to look forward to if that's the case. We're not being sadistic, Tim and David discuss why adversity can bring out the best in human nature (though it can also do the opposite), and how we can be prepared and adapt to changes as they come. This discussion was had in the context of the first lecture for Complex Problem Solving, David's undergraduate course at the University of Adelaide, but has taken on a very different meaning given how world events are unfolding at the time of posting.

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As a shorter, more shareable update on the COVID19 pandemic, David has recorded an announcement from home to update listeners on best practice. We are not health professionals, but we have thoughtful and well-read responses to the threats that face our communities. We need to be thoughtful about our actions in the world and be considerate of those most at risk.

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How are we as a society dealing with #coronapocalypse? The toilet paper company stocks might suggest we aren't coping well at all. Between Australia's media, Government, and cultural practices the Novel Corona Virus has highlighted a lot of problems for us to deal with now and into the future. The world has a lot on its plate but the point is to be alert and not alarmed. Tim and David discuss what we can do at all levels to counteract the dangers posed to the world.

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Dr Liz Elliott is an academic cartoonist & author concerned with sustainable economies. She has opposed treaties, Big Banks & centralization ideas, and supported localisation & Love for many years. Her book A New Way Now is a diagnosis for Australia and a progressive prescription for individuals and society to do and feel better. This podcast doesn't specifically tackle MMT, but instead, the vast opposition MMT has in being accepted. If you don't already understand MMT, listen to our episode on sustainable prosperity here. Liz was an attendee to the Sustainable Prosperity Conference in Adelaide 2020 (which you can watch here) where we caught up with her to talk about her book.

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In light of all that David and Tim learned at the 2020 sustainable prosperity conference, it seems like change is needed, but is it possible? There is a lot to like about the world we live in by comparison with even 50 years ago, but there's a lot we could do better, and yet it feels harder to make changes. What is the health of western democracy in 2020, and how did we get here? Is there another way? David has some thoughts about what we could do to make the system work and discusses them with Tim to tease out what we should do next to make it happen.

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