Australia’s is not a capitalist economy as they would have us believe. It is extremely monopolised, and the biggest corporations are closely linked to government. Many of them depend on generous welfare handouts to them and the ordinary taxpayer has to foot the bill. This is not the fabled free market.
In the lad up to the coming Federal 2021-22 budget, the Australian Council of Social Service (ACOSS) has called for funding for tens of thousands of care-sector jobs, , including in aged care, disability services and mental health and not to proceed with planned tax cuts. Continue reading For a budget that builds an economy for all→
The talked about economic recovery form Covid-19 is being exaggerated for political reasons and has little to do with the real situation. There must be some increase in activity after coming out of a lockdown. Comparison from such a low base is almost meaningless. Measuring the difference between now and before Covid-19 would be more useful. Continue reading Global economy may be closer to the edge than many people think→