Economy

Let’s stop putting our hopes in billionaires like Elon Musk and Jeff Bezos to save humanity. The billionaire class has benefited from the inequities of the capitalist system, and so is incapable and unwilling to change it, writes Rupen Savoulian.

Speculation and a privatised system of building inspection are the common elements in the evacuation of the Sydney apartment towers and the fires casued by flammable cladding, writes Sue Bolton.

When billionaires advocate for social change, or adopt green issues, they are not doing so for the public good, but to reinforce an unequal status quo, writes Rupen Savoulian.

This image captured Labor’s class betrayal on July 3, the first day of the new federal parliament, when it voted with the Coalition government for tax cuts for the rich.

Martin Empson takes a look at a compelling first-hand study that shows that fishing is a deadly occupation because capitalism forces workers to take terrible risks to survive. 

US presidential candidate, Bernie Sanders gave the following speech at George Washington University on June 12.

The 2019 Rich List, published by the Australian Financial Review in late May, revealed that the wealth of the 200 wealthiest people in Australia has increased by more than 20% over the past year. Their combined wealth totalled a massive $342 billion.

The economic slow down means the Coalition will either abandon its promise of increasing budget surpluses and increase government spending — on infrastructure for instance — to stimulate the economy or it will double down on its commitment to a surplus, necessitating spending cuts. Its track record suggests the latter, writes Graham Mathews.

Federal minister for Resources and Northern Australia Matt Canavan wants the Adani mine to be the pathfinder to open up the whole Galilee Basin, but some mining companies are pulling out.

Clinton Fernandes, professor of international and political studies at the University of New South Wales, writes that “national security” encompasses the protection of the commercial interests of the few large private concerns that dominate Australia’s economy.

I will happily take any opportunity to wave a red flag in public. My chance to do so this year was on May 1, the International Workers' Day.

Much is made in the media of Venezuela’s deep economic crisis. But why does Venezuela have the world’s highest inflation rate and what impacts have the sanctions really had on the country? Green Left Weekly’s Federico Fuentes spoke to Venezuelan economist Pascualina Curcio, from the Simón Bolívar University, to find out more.

The Coalition’s budget has ensured that its neoliberal agenda remains in intact. It has deepened cuts to social spending while given tax breaks to high income earners and greedy corporations.

The Christchurch massacre has prompted many to reflect on the times we live in.

Satellite imaging analysis released for the first time on March 13 shows much greater ground settlement and potential property damage from WestConnex tunnelling than predicted by the NSW Coalition government and the environmental impacts statements for the project.

Nearly ten thousand public servants have been fired in Ecuador following President Lenin Moreno's agreement with the International Monetary Fund.

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