To suggest that worry about where the global economy is heading is serious is something of an understatement. Underlying the mood is the decision of the International Monetary Fund (IMF) to release $650 billion to help member nations in trouble. Continue reading IMF moves to provide $650 billion in aid for the crisis
The cost of living is rising in Australia. Last week’s revealed figures are an increase of 6 percent in the cost of fruit, 13.5 percent for medical services, 4.9 percent for footwear, 4.9 percent for furniture, and 5.9 for petrol. This doesn’t include the ongoing rise in the cost of housing. Continue reading Rising living costs and low wages are hints of a faltering economy
By Joe Montero
The new bipartisanship on taxation policy will prove to be a disaster for Australia. This is about cutting tax for the wealthiest 10 percent of Australians. It means that the bipartisanship extends to making us an even less equal nation. Continue reading Cutting the top tax rate is wrong
Australia has long been far too dependent on foreign investment. The major negative consequences have been dominant ownership by overseas investor ownership and decision making power over the Australian economy and politics. Continue reading Foreign investment is falling but is still in control
On 4 July American celebrated their 4 July. This I s their day of independence, marking victory over Britain and the end of being a colony. The American revolution was important. It inspired the word, stood for freedom from tyranny and the right of a people to choose their own future. This is worth celebrating. Continue reading Revealed documents show the bad side of Bob Hawke
A report from the McKell Institute says average wages growth has been falling since 2013. Average wages are now $250 a week below where they would be if their growth had continued as before. Continue reading A changing labour market has stolen from the incomes of most Australians
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.
Beware. Australia is facing a mayor public relations offensive to spread the lie that the Morrison government has a great record in creating jobs and shaping up to do even better. The aim is to throw sand in our eyes and stop us from seeing that the opposite is true. Continue reading Morrison government is pretending to be serious about job creation
It is a good time to consider the future of the Australian economy in the post-Covid reality. We are also on the eve of this year’s federal budget, which could be an opportunity to take an important step forward. Continue reading The 2021 budget must prioritise real jobs and lifting all incomes
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
