Economy

It is a truism to say that democracy began with the Greeks ― less so to say that it originated in popular rebellion against debt and debt-bondage. Yet, with the Greek people ensnared once more in the vice-like grip of rich debt-holders, it may be useful to recall that fact. For the only hope today of reclaiming democracy in Greece (and elsewhere) resides in the prospect of a mass uprising against modern debt-bondage that extends the rule of the people into the economic sphere.

There is a growing disconnect between the official rosy picture of the Australian economy and mounting public anxiety about job insecurity. The latest official unemployment rate (January 2012) was steady at 5.2% and Treasury secretary Martin Parkinson insists there is no reason to worry. Australians, he said, should shake off their misplaced “boom with gloom” attitude.

Writer and Occupy Melbourne activist Wil Wallace took part in a March 1 protest against the Trans-Pacific Partnership Agreement, a new free trade agreement currently under negotiation between nine nations, including Australia and the United States. Wallace’s account of the protest is below. * * *

Chanting “no cuts, no way, this is what the staff say”, 200 staff and student supporters defied rain to march through the University of Sydney on February 29 to protest against the university management’s move to axe 340 university staff. The rally, organised by the National Tertiary Education Union (NTEU), took place on the first student orientation day.

Lynas, an Australian mining company, is building a rare earth refinery close to the heavily populated area city of Kuantan in Malaysia. The ore is to be shipped from a mine in Western Australia but the highly toxic and radioactive waste which the refinery will produce will not be accepted back by the WA government.

Among the 5 million emails and documents leaked by WikiLeaks from the US-based private intelligence firm Stratfor are details of some of its secret media partners. The company’s “Confederation Partners” are spread across four continents.

Whistleblowing website WikiLeaks released the statement below on February 27.

The crackdown on whistleblowers to protect national security is "neo-McCarthyist hysteria" and Julian Assange says he has the emails to prove it.

Vultures’ Picnic Greg Palast 416 pages, 2011 Penguin www.gregpalast.com Investigative reporter Greg Palast is back ― and this time, it’s personal. The former United States corporate crime investigator, who exposed the 2000 and 2004 elections of George W Bush as frauds, has gone for a more intimate feel in his latest book, Vultures’ Picnic.

Fifty-seven Spanish cities and towns came to a stop on February 19. Up to 2 million people marched in protest against the new labour “reform” of Prime Minister Mariano Rajoy's Popular Party (PP) government. The marches brought together veterans of the struggle for union and worker rights under the Franco dictatorship, activists from the 1970s “transition to democracy” and today’s indignados. “Old” slogans (“If you don’t fight, you lose”) mixed with new (“They piss on us and say it’s raining”).

The abridged statement below was initiated by the British Coalition of Resistance and signed by dozens of groups and individuals around the world ― including Australia's Socialist Alliance. See Coailiast of Resistancefor the list of signatories and to add your name. * * *

Powerful US free-market think tank The Heartland Institute is reeling after leaked internal documents were posted on the Desmogblog website on February 14 showing the powerful corporate interests behind its well-known campaign against climate science. Desmogblog said the leaked documents “expose the heart of the climate denial machine”, which “relies on huge corporate and foundation funding from US businesses”.