economy

New Year’s Day is usually a moment of peace in the chaos of Mexico City — but not this year. For Mexicans, 2017 began with nationwide protests against the government’s plans to deregulate petrol prices, a move opponents say will hurt everyone from the poor to middle class.

Since January 1, protests have only continued to spread, with almost daily demonstrations in nearly every large city. Major highways have also been blockaded by furious transport workers, who say they can’t keep up with rising prices at the bowser.

To most South Australians, Labor Premier Jay Weatherill’s plan for a vast outback dump to host imported high-level nuclear waste is dead, needing only a decent send-off.

Nevertheless, the Premier keeps trying to resurrect the scheme. Why?

President-elect Donald Trump announced on November 30 that former Goldman Sachs partner Steven Mnuchin — a man described as “the anti-populist from Hell” — is his pick for treasury secretary.

The government of Hugo Chavez, who was first elected in 1998, helped lead the Bolivarian revolutionary process that made impressive social gains by redistributing oil wealth and promoting participatory democracy.

Since Chavez’s death in 2013, the Bolivarian government led by President Nicolas Maduro has faced mounting problems. In recent times, a worsening economic crisis has undermined the revolution’s gains and, along with political gains by the counter-revolutionary opposition, has raised questions about the survival of the revolution.

Earlier this year, a poll found the British public were generally proud of their country’s role in colonialism and the British Empire. The YouGov poll from January found 44% were proud of Britain’s history of colonialism, while only 21% regretted it. The same poll also asked about whether the British Empire was a good thing or a bad thing: 43% said it was good, while only 19% said it was bad. 

Who Rules The World?
By Noam Chomsky
Hamish Hamilton, 2016

Noam Chomsky, who turns 88 this month, revolutionised the study of linguistics in the second half of the 20th century, starting with books like Syntactic Structures (1957) and Aspects of the Theory of Syntax (1965). He remains professor emeritus at the Massachussetts Institute of Technology.

“Despite the fact that Australia’s on the verge of becoming the world’s largest exporter of LNG [Liquified Natural Gas], there’ll be no new revenues from the primary tax on oil and gas for the next two decades and perhaps even longer,” Tax Justice Network (TJN) researcher Jason Ward said on October 10.

The TJN is a coalition of churches, welfare groups, unions and other civil society organisations.

This primary tax is the Petroleum Resources Rent Tax (PRRT), initiated by Bob Hawke’s Labor government in the 1980s.

Haitham Mohamedain is a prominent Egyptian labour lawyer and member of the Revolutionary Socialists who has been unjustly jailed repeatedly by the military regime led by President Abdul-Fattah el-Sisi.

In April, Mohamedain was detained again as part of a crackdown on a new wave of protests against the Sisi regime, including its transfer of two Red Sea islands to Saudi Arabia.

The influence of president-elect Donald Trump’s attack on “elites” is taking hold in the Australian parliament, with the Coalition attacking “latte-sipping” opponents of coal mining and joining enthusiastically in a debate questioning climate science in the Senate.

The Bersih 5.0 demonstration for clean elections and against corruption in Malaysia made a huge splash on November 19 despite threats of serious repression. The night before the demonstration, at least 10 prominent figures (including key organisers of the rally) were arrested.

Pages

Subscribe to economy