Economy

Desmond Tutu, Naomi Klein and Noam Chomsky are among a group of high-profile activists, academics and political figures who issued a call to action against climate change on August 27.

The one thing neoliberal touts want us to forget is that the effects of the Global Financial Crisis of 2008 have never been overcome – and are still felt today. There is no such thing as everlasting “natural growth” in the world economy. As John Maynard Keynes long ago pointed out, capitalism “seems capable of remaining in a chronic condition of sub-normal activity for a considerable period without any marked tendency towards recovery or complete collapse”.

The statement below was released by Palestinian BDS National Committee on August 25. * * *

Fifty-three members out of SYRIZA's 201-strong central committee, have resigned on August 26 in protest at the new bail-out deal SYRIZA signed that agrees to the type of brutal austerity measures SYRIZA was elected in January to oppose, Enikos.gr said that day. Most have joined the Popular Unity movement, supported by former members of SYRIZA's Left Platform that will run on an anti-austerity platform in new elections called when SYRIZA Prime Minister Alexis Tsipras resigned recently.

Until July, not one of the homes destroyed during Israel’s assault on Gaza last year had been rebuilt. Why?

Prime Minister Tony Abbott has denied reports his government lobbied the US to formally request for Australia to extend its involvement in the US-led air war against the Islamic State of Iraq and Syria (ISIS) — and bomb targets in Syria, not just Iraq.

An emotional and highly charged stopwork meeting of hundreds of tram workers jammed into Trades Hall on August 27 to hear a report on their dispute with Yarra Trams. Yarra Trams and Metro Rail workers had called off a planned four-hour strike on August 21 in the hope that the companies would present the Rail Tram and Bus Union (RTBU) with a better offer. The better offer never came so the tram workers struck for four hours on August 27. This was the first tram strike since 1997.

Photo: dpac.uk.net. Campaigners warned on August 27 that reports that 2380 people died within months of being branded “fit for work” under the British government's new welfare laws grossly underestimate the true impact of invasive government assessments into the lives of severely ill and disabled people.

Early this year supporters of Green Left Weekly in Melbourne decided to relaunch the Green Left Radio show on community radio 3CR. This was after urging from station management and Green Left supporters volunteering at the station. The Green Left Radio program previously aired on 3CR between the mid-1990s and early 2000s.

Photo: CUT. About 1 million people across Brazil protested on August 20 against right-wing attempts to impeach President Dilma Rousseff. The marches were joined by Brazil's big social movements, including the Movement of Landless Workers (MST) and the United Workers' Central (CUT), the largest trade union federation in Latin America.

Israeli bulldozers uproot olive trees on Palestinian lands to make way for a separation wall in Beit Jala. Palestinian farmers have called for international solidarity against ongoing Israeli destruction of their olive groves and livelihoods.

Tianjin residents protest, August 20. Capitalism with Chinese characteristics is in some strife. This is largely because the government’s attempt to keep growth at an unsustainable 7% a year is fuelled by equally unsustainable debt. Corporate and local government debt has grown by 50% since 2009, and total debt, which includes household debt, is now close to 187% of GDP.