Analysis

Institutional corruption and lack of governance are serious issues requiring forensic and transparent public examination both in Australia and throughout the rich world. The global economy has been stagnant since 2008, thanks to unregulated financial derivative markets estimated at the time at one quadrillion (one million billion) US dollars. Betting on interest rates and foreign exchange rates accounted for more than half of this amount.

Things can seem overwhelmingly dark these days, but at least we get to watch conservatives losing their shit over marriage equality. Reactionary heads exploded across the US over the June 26 US Supreme Court decision to effectively legalise same-sex marriage in all 50 US states. And in Australia, panic grows at the prospect that we may follow suit.

Behind the Wire is an oral history project documenting the stories of men, women and children who have experienced mandatory detention. It seeks to bring a new perspective to the public understanding of mandatory detention by sharing the reality of the people who have lived it. Green Left Weekly photographer and Socialist Alliance member Ali Bakhtiarvandi was one of those interviewed. This is a brief excerpt of his story. You can read the full story here. * * *

The US has been at war for all but 17 years of the 239 the nation has been in existence. Successive Australian governments have hastened to send troops into every war the US has provoked in the past 70 years. Many people consider Australia's strategies, priorities, and interests have been subsumed by those of the US.

On June 23, Australia's parliament voted to reduce the Renewable Energy Target for 2020 from 41 to 33 terawatt hours of renewable electricity, following a long struggle by the government to win support from minor party Senators for the cuts. Prime Minister Tony Abbott said he “would frankly have liked to reduce the number a lot more”. The deal he cut in the Senate will see the potential for “wood waste” from logging of native forests to be burned to generate “renewable electricity” as part of the target.

If you suspect that neoliberal capitalist governments, including the Australian government, act as kleptocracies for the richest 1% and the large corporations, you have good reason to. Whether you look at their tax system, the various privatisation or part-privatisation schemes they are forcing on the public, the “user-pays” drives or the publicly subsidised private insurance scams, you can see how the public is being forced to subsidise the profits of powerful corporations and the super-rich.

The increasing lack of job opportunities and job security for those wishing to enter the workforce is a barrier for young people seeking employment. There is an expanding list of experience required to increase employability and get the “competitive edge” that capitalists love to talk about. Undertaking an internship or traineeship after finishing a degree is a popular method of gaining experience and increasing employability.

It has become a disturbing hallmark of the current government that the degree to which Prime Minister Tony Abbott adopts the style of a Nazi leader addressing the Nuremburg Rally is a reflection of the policies being foreshadowed.

Many people are dismayed that the Greens have supported the Coalition government’s age pension cuts. Greens’ social media has been awash with commentary, with many people venting their anger at the Greens. Some have defended the deal, trusting the Greens to do the right thing and labelling criticism as Labor propaganda. Others just want an explanation.

More than a decade ago, BHP Billiton demerged its steelmaking facilities from its then highly profitable minerals and energy division. The two steel plants in Port Kembla and Whyalla, which were formerly part of an integrated company that produced the iron ore and the coking coal for steelmaking, became stand-alone steelmakers at a time when China became a serious competitive threat. Its Port Kembla and Whyalla operations were also separated from each other, becoming BlueScope in Port Kembla and One Steel (now Arrium) in Whyalla.

Brad Chilcott is the director of Welcome to Australia, a community organisation that, according to its Facebook page, is “dedicated to giving asylum seekers, refugees, new arrivals and long-term migrant residents of Australia a warm, dignified and positive Welcome to Australia”. An article by Chilcott entitled Possibility before Protest has appeared on Chifley.org, a website for ALP members and supporters. The article does not clarify Chilcott’s relationship with the ALP.

WikiLeaks released the secret draft of the healthcare annex to the transparency chapter of the Trans-Pacific Partnership (TPP) on June 10. If the TPP is adopted, the annex would adversely affect national pharmaceutical schemes, such as Australia's Pharmaceutical Benefits Scheme and New Zealand's Pharmaceutical Management Agency (PHARMAC). The TPP is a free trade deal being negotiated by countries on the Pacific rim: the US, Australia, Singapore, New Zealand, Chile, Brunei, Canada, Malaysia, Mexico, Peru, Vietnam and Japan. These countries represent about 40% of global GDP.