Green Left Fighting Fund

The world's super-rich have hidden between US$21 trillion and US$32 trillion of their wealth in various tax havens around the world, according to a new study by the London-based Tax Justice Network (TJN), a collection of tax experts and economists advocating the end of secrecy and tax evasion.

Our persistent supporters who take Green Left Weekly out into the street week after week (yes, even on the chilliest of winter days) have received a few more smiles, nods and words of encouragement as, out there in the corporate media, the billionaire bosses have been mercilessly wielding the axe and whip. Our growing team of new volunteers for the Green Left TV project have also been warmly congratulated and encouraged. More people now appreciate the importance of the alternative media.

So far this year we've raised $36,811 for the Green Left Weekly Fighting Fund. This is a good effort, but well short of our running target. To reach our 2012 target of $250,000 we need to have raised about $80,000 by the end of this month.

“Something is badly amiss when Queensland bushies embrace Green Left Weekly, and the opposite ends of the political fringe, the Greens and Bob Katter’s Australian Party, find a common cause,” began a February 22 editorial in Rupert Murdoch’s The Australian, the only national daily newspaper in this country.

A string of banks, airlines, car manufacturers and aluminium smelters — all big corporations that have profited for years while extorting billions of dollars in public subsidies — have spat in the face of our society. They have begun huge sackings of workers, even though Australia supposedly escaped the worst of capitalism’s global economic crisis. The big banks have posted record profits, but they refuse to pass on interest rate cuts to families struggling to keep up with huge home mortgages.

By now we all know that the rich get richer under capitalism. But many are astounded at the incredible pace this takes place. Last week it was reported that Australian billionaire James Packer celebrated a 560% increase in his casino investment in Macau. Great reward for making totally unproductive, indeed socially and morally destructive, investments.

The mainstream media’s “impartial and balanced” fig leaves began to slip on January 31, revealing their corporate genitalia for all to see. Australia’s richest person, billionaire mining magnate Gina Rinehart, had begun buying more shares in Fairfax Media, increasing her stake towards 15% and raising questions about media impartiality. Fairfax journalists scrambled to report the news, tying themselves in knots over how much to admit about the corporate nature of their media outlets and whether Rinehart could have any influence on editorial input.

Happy New Year and thank you to all our supporters. You helped us raise $203,200 for our 2011 Fighting Fund. This is a great effort, even though we made only 81% of our target of $250,000. The big upsurge in political activity — spurred on by the “Arab Spring” revolts and the Occupy and Indignado movements — probably meant that less activist time was available for fundraising. But it also made the Green Left project even more significant.

Tahrir (“Liberation”) Square in Cairo was the birthplace of hope for millions if not billions of people this year. It was here that the Egyptian people launched a mighty democratic revolution, writes Peter Boyle.

I will come straight to the point. We are rapidly coming to the end of the year and we still need to raise $59,536 to meet Green Left Weekly’s $250,000 Fighting Fund target for the year. Our supporters have raised $190,424 so far this year, but we need an extraordinary effort in the rest of November and December to make our target. GLW is a people-powered independent media project. We go against the stream in a society where public debate is dominated by the slick, self-serving corporate media.

Nurses in Victoria are being threatened with an Alan Joyce-style lockout because they have campaigned for a modest 3.5% pay rise (just to keep up with the rising cost of living), superannuation and overtime improvements, and keeping patient-to-nurse ratios. Australia’s four big banks, meanwhile, have announced a combined annual profit of $24.4 billion, up 12% from $21.7 billion a year ago. This speaks volumes about the grossly distorted priorities in our society.

The ABC’s Q & A program on October 24 was the first to discuss the Occupy movement sweeping the world. Reportedly there are now occupations in 2200 cities. It revealed why the politicians that represent the richest 1% have no credibility any more.