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Australia’s weird new Federal Budget that advocates rapid wages growth: a quick critical note on the commentary

Here, Greg Jericho joins with other mainstream economists in agreeing with the lead analysis of Jim Stanford’s Centre for Future Work, that LNP government’s Budget expectation (requirement) for wages growth is not happening and shows no prospect of happening. Again

Posted in Federal Budget, Neoliberal capitalism, Precarious Work, Wages

Tsipras: the reverse shock doctrine

Originally posted on Australia-Greece Solidarity Campaign:
Now the euphoria in Greece has subsided, it is being matched by astonishment in Berlin and the European Union institutions. On its first day in government yesterday, Syriza cancelled a privatisation progamme of the…

Posted in Australian Budget Struggle 2014, Neoliberal capitalism, Political Economy News & Commentary, Struggle Against Austerity

The ECB, QE and escaping stagnation (with an Australian perspective)

Originally posted on Michael Roberts Blog:
The announcement by Mario Draghi at the council meeting of European Central Bank (ECB) yesterday that the ECB and the national central banks of the Eurozone would inject €1.1trn of new credit over the…

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Posted in Neoliberal capitalism, Political Economy News & Commentary

Global Union Federation calls for international union soidarity for SYRIZA and the Greek majority

“The Greek elections offer a potential breakthrough, but to carry out their program a government of the Left will need massive understanding and support abroad. Unions should be in the forefront of building that support.”(Excerpt from IUF statement.) The IUF

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Posted in International Solidarity, Neoliberal capitalism

Common Action to Oppose the first budget of the Abbott- Hockey / Business Council Alliance

Common Action, starting in Sydney, is trying bring together the dozens of points of opposition to the Australian neo-liberal Agenda of the Abbott government. And out of that develop a common, comprehensive and independent alternative economics and programme. For more

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Posted in Common Action, Neoliberal capitalism, Political Economy - Basics, Political Economy News & Commentary

From “Pig Iron Bob” to “The Mad Monk”

Once upon a time it was “Pig Iron Bob”, and justly deserved it was. I am talking about Robert Menzies former Liberal Prime Minister and devoted anti-unionist, among other craven things. He who begat in a political sense Malcolm Fraser

Posted in Australian union movement, International Solidarity, Neoliberal capitalism, Political Economy News & Commentary

IMF solution to depression – more of the same

Originally posted on Michael Roberts Blog:
The G20 economy and finance ministers met in Sydney Australia over the weekend and announced that the G20 would aim to raise the global growth rate by 0.5% pts per year, so boosting world…

Posted in Neoliberal capitalism, Political Economy News & Commentary, Uncategorized
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