Economy

“Socialism is back. Unmentioned and unused, a dead concept and suddenly there was Corbynism.” That’s how Guy Rundle announced the resurrection in “The Death of Neoliberalism” in the July 15 issue of The Saturday Paper.

Imagine a workplace where you could be put on a secret register for forgetting to say a word from a call centre script because it would be a breach of company policy. Then, if you left that company and tried to get a new job, your prospective employer would not hire you simply because you were on that register.

You would never know whether you were on that register; you would have no right of appeal; nor would your name ever be removed from it, regardless of whether you were eventually found not guilty of the allegation.

US exports to China totalled US$116 billion last year, while its imports reached $463 billion. The $347 billion deficit accounts for almost 70% of the US’s total trade deficit.

US President Donald Trump’s most influential senior advisers, Peter Navarro, who heads the National Trade Council, and US secretary of commerce Wilbur Ross, call China “the biggest trade cheater in the world”.

Disparaged and smeared by the Labour Party machine and corporate media for almost two years, Momentum — a grassroots group of Labour members committed to the socialist politics of Labour leader Jeremy Corbyn — came out fighting during the campaign for the June 8 general elections.

Spurred on by a sense of idealism, this campaign came close to sweeping Labour into government on the most transformative manifesto for a generation.

Federal government hospital spending rose by 80% in the decade to 2014, from $23 billion to $42 billion. This has led to a renewed push by conservatives for a new state income tax to fund health costs.

The rise of Jeremy Corbyn in Britain and Bernie Sanders in the US has led many to ask where is our Corbyn or our Sanders and to question whether conditions in Australia are ripe for a similar break to the left.

Because Australia was buffered from the worst of the GFC, due mainly to the mining boom, some argue that conditions here may need to get a lot worse before people are prepared to get behind a left platform.

Let’s look at some social indicators in Australia today.

RAD Exhibition
Until August 27
Newcastle Museum
Radical Newcastle
Edited by James Bennett, Nancy Cushing & Erik Eklund
New South Publishers, 2015
$39.99

Exhibitions like RAD, now showing at the Newcastle Museum, and Radical Newcastle, the book that inspired it, help each generation of activists remember and learn the lessons of previous struggles.

Residents of the Gronn Place public housing estate in West Brunswick vowed to resist eviction at a community forum on July 15.

Gronn Place residents’ spokesperson Neville, who has lived there for 30 years, said, “We will not let them tear down our homes,” adding that he would chain himself inside his home. “I'm not going anywhere. They’ll have to drag me out.”

About 80 residents and supporters attended the lively community forum, the first since residents received letters that they would be evicted.

The first-ever major report looking into the secretive workings of the Big Four accountancy firms that assist individuals and companies to evade taxes has been released by members of European Parliament from the European United Left-Nordic Green Left (GUE/NGL) who sit on the European Parliament’s Panama Papers inquiry committee.

The study analyses the size, scope and location of the activities of the Big Four accounting firms. Its findings include that these firms are heavily over-represented in tax havens when compared with the population size and GDP, where they make exceptional profits.

There is no genuine reason why Australia cannot have 100% renewable electricity in less than a decade, at sharply reduced prices.

In May a vice-president of Sempra Energy, one of the largest utility firms in the US, caused a stir by stating flatly that there was no longer any technical obstacle to powering California with 100% renewables.

The rise to power of India’s prime minister, Narendra Modi, has been built on a paradigm of development and anti-corruption that has enabled him to develop sustained electoral support among the Indian middle classes and rehabilitate his image as a statesman on the international stage.

But the neoliberal model of development that Modi represents is one that comes at great cost in terms of economic inequality and basic civil rights.

The rise to power of India’s prime minister, Narendra Modi, has been built on a paradigm of development and anti-corruption that has enabled him to develop sustained electoral support among the Indian middle classes and rehabilitate his image as a statesman on the international stage.

But the neoliberal model of development that Modi represents is one that comes at great cost in terms of economic inequality and basic civil rights.