Economy

We've been told opportunity, prosperity and more freedoms came to Australia under the banner of capitalism and the “free-market” in the 1980s and 90s after the economic slump of two recessions. But when neoliberal ideals and rhetoric are set aside, a grim picture of the great, and ever growing, divide between the rich and poor in Australia emerges yet again. Between 1920 and 1980, inequality in Australia was shrinking, until a perceived sense of national stagnation took hold and the Hawke-Keating Labor government made the leap into the global free market.

Recently re-elected Venezuelan President Hugo Chavez said his next six year term would mark a period of “greater advance” towards building socialism, as well as “greater efficiency in this transition from capitalism”. The Venezuelan president made the comments on October 10 during a ceremony with the National Electoral Council (CNE). Three days earlier, Chavez beat right-wing candidate Capriles Radonski by 11.11% in presidential elections. Chavez took more than 55% of the vote.

The United Nations has warned that world grain reserves have fallen to critically low levels as world food prices have risen to levels close to that of 2008 — a year in which food riots took place in more than 30 countries.  

Venezuelan President Hugo Chavez was re-elected in October 7, winning more than 55% of the vote. He stood on a detailed 39-page program to deepen the popular revolution his government is leading, which has already lowered extreme poverty by more than 70%. The plan to push for a socialist transition over Chavez's next six-year term will be debated in communities and popular organisations across Venezuela over the coming months, before it is put to the National Assembly for adoption early next year.

The resolution below was adopted by the national board of the Left Bloc in Portugal. The Left Bloc in Portugal was founded in 1999 by the People's Democratic Union and Politica 21, a current from the Portuguese Communist Party. It is abridged from the October issue of International Viewpoint. * * *

The article below was presented by Karl Cloete, deputy general-secretary of the National Union of Metalworkers of South Africa (NUMSA) on October 10 at a conference at Cornell University in New York. NUMSA is South Africa's second-largest union, with almost 290,000 members in the smelting, manufacturing, auto and electricity generation industries. It is abridged from Links International Journal of Socialist Renewal * * *

The European Union was awarded the Nobel Peace Prize on October 12. The chairperson of the committee tasked with awarding the prize, Thorbjoern Jagland, praised the EU for transforming Europe “from a continent of wars to a continent of peace”.

Over the past three years Christian Super, a not-for-profit industry fund, has engaged in dialogue with Australian company Wesfarmers over its sourcing of phosphate rock from Western Sahara. Phosphate is used in its production of agricultural superphosphate. “Western Sahara is a disputed territory where human rights abuses have been reported,” said Tim Macready, chief investment officer for Christian Super. “Companies doing business in this area may unwittingly aggravate the conflict or become complicit to oppression.”

Unionist Bob Carnegie was charged with 54 counts of contempt of court on October 17 for taking part in a community protest during a dispute between builders' unions and building firm Abigroup at the Royal Children's Hospital (RCH) construction site. It is a sign of things to come for community activists. About 650 workers took strike actions against Abigroup for refusing to meet demands over working conditions, subcontractor terms and an enterprise bargaining agreement (EBA).

The results of October 21 election for the parliament of Euskadi, the Basque autonomous community within the Spanish state, are expected to confirm the rising popularity of the left nationalist coalition, Euskal Herria Bildu (EH Bildu―Basque Country Assembly). Regardless of whether EH Bildu tops the vote or is pipped by the conservative Basque Nationalist Party (PNV), progressive politics in Euskadi seems certain to record its best ever result.

This episode features Beyond Zero Emissions' Terry McBride plus footage of the campaign for big solar in Port Augusta, South Australia.

This election year has seen some of the most extreme weather in the US for some time. Heat records were topped in many cites for a prolonged period. The most devastating drought in decades has ruined crops in a large area of the country. Yet there has been hardly a peep from either Barack Obama or Mitt Romney about global warming and climate change. Both have championed dangerous new methods of drilling for oil and natural gas, and promoted the very dirty tar sands oil from Canada.