In an interview with Sky News on March 8, finance minister Matthias Cormann said, “The whole reason why it is important to have flexibility in the labour market … is … to ensure that wages can adjust in the context of economic conditions, is to avoid massive spikes in unemployment … That is a deliberate design feature of our economic architecture.”
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As some of the rich and powerful gathered in Davos, Switzerland, for the World Economic Forum last month, Oxfam International issued a report revealing that the combined fortunes of the world’s billionaires rose by 12% last year as the poorest half of humanity saw their wealth decline by 11%.
Corporate media outlets in Australia and internationally are overwhelmingly campaigning in support of the United States’ regime change push in Venezuela. This is another reason to support Green Left Weekly.
Australia’s super-rich keep getting richer.
A new report from Oxfam has found that the top 1% of the country’s plutocrats now own more wealth than the bottom 70%.
There has also been a record rise in the number of billionaires — from 33 to 43 — with their combined wealth now at almost $160 billion last year.
As young people threw themselves into the Student Strike 4 Climate Action and made an impassioned plea to preserve life on Earth, one of Australia’s most polluting industries was working behind the scenes to have the federal government hide the truth of its carbon emissions.
“I will only accept an average worker’s wage.” This is the promise of all Victorian Socialists’ candidates contesting the November 24 state election.
Over the past 27 years, Green Left Weekly has given voice to activists in the Asia-Pacific region fighting for justice and freedom and built up strong bonds of internationalist solidarity with the movements and parties they are part of.
We believe it is important that GLW continues to report on struggles in neighbouring countries from the point of view of the oppressed and exploited majority.
A study by the International Monetary Fund (IMF) on labour relations in 26 developed economies, including Australia, has confirmed that workers’ real wages have fallen because labour market deregulation has “gone too far”.
The IMF researchers noted the “statistically significant, economically large and robust negative effect of deregulation” on labour’s share of national income, with workers’ share of national income falling drastically from 1975 to 2015.
“Cultural insurgency” is all the buzz these days, but it is also a very real phenomena in the age of mass disillusionment with neoliberal capitalism.
People are not only sick of the market-knows-best mantra being shoved down our throats by corporate and political elites but are sharply aware that cultural spaces are being increasingly monopolised and manipulated by big business.
From July 1, students will be forced to start paying back their higher education loans much earlier, after the federal government found a way of getting part of its stalled education attacks through the Senate.
From the images doing the rounds, education minister Simon Birmingham had the crossbench senators right where he wanted them: in the palm of his hand.