Economy

Socialist Alliance WA launched its election campaign launch on May 7 at a well-attended function at the Navy Club in Fremantle.

John Bellamy Foster is the editor of US-based Marxist journal Monthly Review. His most recent book, written with Paul Burkett, is Marx and the Earth: An Anti-Critique (Brill, 2016). The French magazine La Revue du Projet asked him to reply to three questions on ecology and Marxism.

In the wake of Obama's historic visit, the Cuban Communist Party held its 7th Congress on April 16-19 in the Havana Convention Centre. Beneath a backdrop featuring a huge likeness of Fidel Castro, PCC secretary Raul Castro delivered the main report on behalf of the Central Committee. Fidel being Fidel, many Cubans would have been reassured by his surprise appearance at the closing session on the eve of his 90th birthday. Traditionally, PCC congresses are the culmination of a months-long process of consultation with the Party's activist base and the wider Cuban society.

Supporters of British Labour Party's socialist leader Jeremy Corbyn. Despite his insurgent campaign scoring a string of impressive against-all-expectations wins, Bernie Sanders’ campaign for the Democratic presidential nomination was declared all but dead-and-buried after Hillary Clinton won a clear victory in a controversial New York primary marred by irregularities on April 19.

Jeremy Corbyn's Labour Party defied expectations and Labour's Sadiq Khan has ended Conservative Party rule in London in May 5 local elections across Britain. In what some labeled the most racist British election campaign in years, Khan won the London mayoralty to become the city's first Muslim mayor. The victory capped off a series of results where Labour's socialist leader Jeremy Corbyn, under fire from the mediaand right-wing of his own party, defied expectations that his party would suffer serious losses due to his left-wing views.

Scott Morrison and Malcolm Turnbull have delivered a budget for the billionaires. They claim that opposition to their tax cuts for the rich is “class warfare”. But the truth is that they are the ones waging naked war against the ordinary people of Australia. People earning less than $80,000 — the large majority — get absolutely nothing from this budget. The top 10% of taxpayers get three quarters of the benefits while the top 1% get almost half (47%) of the tax cuts.

The Victorian budget, presented by Treasurer Tim Pallas on April 27, is in surplus, due largely to a big increase in stamp duty revenue, to a record $6 billion a year. This revenue is a result of Melbourne's real estate boom. House prices have been rising rapidly. But the number of homeless people has also been rising rapidly. There has been a marked increase in the number of homeless people begging on the streets.

Could things get any worse for the proposed Transatlantic Trade and Investment Partnership (TTIP) deal between the United States and the European Union? On May 2, a hugely damaging leak of TTIP texts confirmed exactly what everyone had feared about the deal — with all its hugely pro-corporate provisions on display for everyone to see.

Treasurer Scott Morrison presented his budget for 2016-17 on May 3. What does it mean for young people today? Does it address higher education and growing youth unemployment? No. From April 1 next year, jobseekers under 25 who are receiving welfare payments such as Newstart and have been looking for a job for at least six months, will be able to participate in intensive pre-employment skills training within five months of registering with the Centrelink program “jobactive”.

Senator Glenn Lazarus’s 117-page interim Senate report on unconventional gas mining in Australia was released on May 4. It makes a case for much tighter federal control of the industry and the public resources it has access to, but does not recommend its closure. If anything the report underscores the need for a royal commission into the toxic industry that relies on commercial in confidence provisions to get away with poisoning people and the environment.

Trade unionists and activists from the Save Medicare Campaign held a snap lunchtime rally in Sydney on May 5, which featured a "Race To Save Medicare". Three patients were in the race while a dark-suited Prime Minister Malcolm Turnbull tried to disrupt the race and steal their Medicare cards. They highlighted the charges patients will be hit with for various medical tests from July this year under a Coalition government.

As a First Nations activist I’ll be joining the harbour blockade on May 8. Newcastle’s beautiful harbour is a fitting place to take a stand against coal exports and environmental destruction. People hunger for a different world based on cooperation and treating the land with respect, values at the heart of all First Nations cultures. The violation of these values is illustrated by the failure of Hunter-based coal companies to sign land use agreements with the traditional owners. As a First Nations activist I'll be joining the harbour blockade on May 8.