The Olympic games will end in a few days. The mighty achievements of the athletes, pushing to the limits of human capacity, is a monumental achievement that draws in the world. They are also big business, and this creates a contradiction between the stated values of excellence, friendship, and respect and the crass greed of commercialisation and cheap politics. Continue reading The Olympic Games would be much healthier if not subject to the control of big money→
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→
Lesley Rankin is a researcher at the Institute for Public Policy Research (IPPR). She wrote the following article (Open Democracy 28 July 2021), and argues that the failure to do enough to tackle the climate crisis is a failure of political leadership and the to involve the population as active participants. This means that dealing with the environmental challenge and preparing for future shocks are inseparable from the battle for justice.
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→
Last Friday, the Port of Melbourne was shut down by determined members of the Maritime Union of Australia (MUA). They did this to send a message to tugboat operator Svitzer. The dispute is over negotiations for a new workplace agreement have stalled for 18 months, causing growing uncertainty. Continue reading The new battle on Melbourne waterfront to defend rights at work→
In this article Robert Reich ( 27 June) puts forward his view on the impact on the economy of the growing wealth gap in the United Sates, between the few at the top and everyone else. This gap, he says, is reminiscent of what happened before the Wall Street crash in 1929 and Great depression. The risk of another similar meltdown is possible. It will also make the United states vulnerable to the next demagogue.
The LIFE campaign held its first online tutorial on 6 June. It concerned the Cashless Welfare Card, what it’s doing to people put on it and the plan to roll it out to all pensioners, people on disability, the unemployed single parents, and students. This is a major crackdown on the most vulnerable sections of the community, and it takes away basic rights as a citizen of Australia. Continue reading Video: Cashless Welfare Debit Cards: Lived experience and other facts and stats→
Official site of the May Day Committee (Malbourne)