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
Australia faces one of the world’s highest rates of animal extinction. The climate crisis also threatens grave human suffering, in the firms of food and water crisis , economic and social breakdown. Continue reading Australia must do much more to reduce carbon emissions
At a time when Australia’s addiction to fossil fuels should be wound back, fossil fuel extractors keep on enjoying perks that rank them at the top of no tax paying corporations operating in Australia. Continue reading Shell to be allowed to avoid resource tax obligations
In its submission to the current minimum wage case, Australian Chamber of Commerce (ACCI) and Industry has put that Australia cannot afford it. It wrongly suggests that Australia already has one of the highest minimum wages in the world and poses higher wages as counter to creating jobs. Continue reading Big business and Morrison government want the minimum wage frozen
Greg Jericho wrote (The Guardian 28 January 2021), “Covid-19 has actually hidden the weakness of the economy”. He hit the nail on the head and adds that “Australia’s economy has been weak for many years now”. The problem is that policy makers are now hiding behind the Pandemic to avoid admitting the truth, and this stands to make the situation even worse. Continue reading Systemic failure is wrecking Australian economy not the pandemic
We must look closely to the Reserve Bank’s cut of the interest rate to 0.1 percent, the buying of $100 worth of government bonds, to provide protection to the banks and other financial institutions. Continue reading Australia now has almost zero interest and billions for the banks
As the reality of the biggest economic and job crisis experienced since the Great Depression hits home, and the failure of economic policy to address the underlying problems over decades becomes increasingly obvious, interest in alternative approaches to economic policy has grown. Continue reading A critical view of Modern Monetary Theory
