Economy

The movement against Emmanuel Macron's pension reforms is entering a new phase. Lisbeth Latham takes a look at this historic movement.

Banks are hated for good reasons: they rip off and abuse ordinary customers while helping their richest clients spirit away ill-gotten gains. They help keep the poor poor while making the rich even richer, writes Peter Boyle.

A survey released on the eve of the World Economic Forum has found that just 18% of people believe capitalism is working for them.

Unsurprisingly, the poll, conducted by public relations firm Edelman, also found that trust in capitalist institutions remains higher among "wealthier, more educated, and frequent consumers of news” than the mass population.

According to the report, "distrust is being driven by a growing sense of inequity and unfairness in the system".

The cracks in Prime Minister Emmanuel Macron's neoliberal government are beginning to show and the strikes are continuing to broaden, writes John Mullen.

On January 14–17, fresh strikes and demonstrations took place across France.

According to media reports, several French ports were blocked by a 72-hour strike by members of the Confédération Générale du Travail (CGT), as part of the ongoing mass transportation strikes over Prime Minister Emanuel Macron’s attacks on the pension system.

The CGT called a 72-hour walk-out starting from January 14 and for pickets on January 17, in what the union has called “opération ports morts” (operation dead ports).

While the rise of the Chinese economy has often been touted as a miracle, many economists have pointed out some alarming risks.

Louay Alzaher, a member of the Iraqi community in Brisbane, told Green Left Weekly that corruption, food shortages and high levels of unemployment have been the catalysts of the protest movement that has erupted in Iraq.

“The significance of the Iraqi movement is enormous, as it seeks to fight for the freedom of Iraq from control and influence, including the total removal of United States military bases from the country,” said Alzaher.

TAFE staff and supporters rallied outside the Sydney campus on November 28 to demand the NSW government halt its job cuts.

Union members and commuters protested outside New South Wales Coalition Premier Gladys Berejiklian’s office in Martin Place on December 2 in response to her government’s plan to privatise the remainder of Sydney’s bus services.

Buses have already been sold off in the city's inner west and Newcastle, with disastrous results for commuters, including buses running late, service and route cuts and the loss of many bus stops.

Westpac CEO Brian Hartzer

This latest scandal involving Westpac underlines the fact that these banking giants are a law unto themselves, despite the limited role of various regulatory agencies.

Pages

Subscribe to Economy