Australian Bureau of Statistics (ABS) retail sales figures released on 2 August confirm that the nation is entering the worst retail trade period ever recorded. In a nutshell, the Australian the economy is in real trouble. Continue reading Keeping on pretending the economy is good is self-defeating
From the Australia Council Of Social Service (ACOSS)
With a Grattan Institute report out yesterday, showing the Government’s proposed high-end (Stage 3) tax cuts would make our tax system less progressive than at any time since the 1950s, The Australian Council of social Service (ACOSS) is calling on Parliamentarians to stand up for a fair and sustainable tax system. Continue reading Grattan Institute report shows high-end tax cuts unfair risky and expensive
By Joe Montero
Australian Competition and Consumer Commission (ACCC) chair Rod Sims is saying that he has lost faith in privatisation and deregulation. Continue reading ACCC chair Rod Sims’ turn on privatisation and what really lies behind the problem in the first place
By Joe Montero
As the trade war being waged by the United States against China escalates, and China responds by imposing its own counter moves, the world economic system begins to tremble. Continue reading Trade war threatens an already weak global economy and Australia has a place in this too
By Joe Montero
Perhaps some people are a bit tired of hearing about the weakness in the Australian economy. But alongside the emerging climate crisis, this is one of the two most challenging and important matters of our time. Continue reading Australia’s sick economy calls out for organising the economy in a different way
By Joe Montero
Australia’s Scott Morrison government remains as committed as ever to delivering its tax cuts. Continue reading Tax cuts will bring real benefit to only a few and bring harm to most
By Joe Montero
There is a consensus among economists and financial commentators. This is that the global economy and Australia are heading for severe recession. Australia is performing economically at its worst, since the 2009 aftermath of the previous year’s Global Financial Crisis. Continue reading Economic storm clouds directly ahead
By Joe Montero
On the eve of this year’s federal election, we should note the claims made during the campaign. This especially applies to those concerning the affordability of services and that ongoing matter of the budget surplus. Continue reading The real issues for this election are whether or not the money is spent on the top end of town and everyone else is made to pay for it
Greg Jericho (The Guardian 25 Apr 2019) makes some very good points in the following article. At the moment, the Australian economy is doing even worse than it has been in recent times. This is not only being ignored in the present election campaign. There is a pretence that it is going along nicely, and the budget surplus mantra has wrongly been put on centre stage. Government should be stimulating the economy. Not restricting it. Continue reading The economy is struggling and the election campaign needs to start facing up to it
By Joe Montero
Make no mistake about it This year’s federal budget is an attempted con for election purposes, and its real content is to set up for a massive new cut to services. Continue reading This year’s National Budget is a con and continuation of business as usual
