Capitalism is in crisis and new Labor Treasurer Jim Chalmers has offered little by way of analysis and even less optimism, argues William Briggs.
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Despite the Treasurer saying workers’ wages are not to blame for inflation, the government is not coming up with solutions to address wage stagnation, argues Jacob Andrewartha.
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The Reserve Bank of Australia has made clear it would rather make life much harder for workers — even if it means tanking the economy — than touch record-high corporate profits. Fred Fuentes reports.
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The federal government will spend $48.6 billion on the military. This, we are told, is to keep us safe. But, as William Briggs argues, many are feeling decidedly unsafe. Our fear is real as we wonder how to keep warm, pay the bills and keep a roof over our heads?
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Inequality is rising, and the trends are not new, as Fred Fuentes explains.
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Matthew Alexander explains why the leadership debate about how to address cost-of-living rises and housing affordability is cynical, at best.
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Workers are being told that a pay rise to match inflation will hurt the economy and “fuel” inflation. William Briggs takes issue with those arguments.
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Cost-of-living pressures and the economy are critical issues in most election campaigns, and they certainly are in this one, argues William Briggs.
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The big shift in wealth from non-owners of residential property to owners continues. Renfrey Clarke argues the federal government’s efforts to inflate its way out of the COVID-19 economic slump have made upward pressures on housing prices extreme.
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Three weeks have passed since the fall of Kabul. If one dares to go outside, then all you see is the Taliban — with their guns roaming around — very few women can be seen outside, writes Yasmeen Afghan.
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The Australian economy is set for a significant slowdown in response to the COVID-19 shutdown, with the jobless rate expected to climb to 10%. The question, asks Graham Matthews, is who will pay?
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In recent weeks, local and international media have attacked the left-wing Venezuelan government over alleged “economic woes”. Pointing to Venezuela’s inflation rate — the highest in Latin America — and an economy that shrank 3.3% last year, the private opposition media is raising fears of a serious economic crisis. These same media outlets, which have been predicting the fall of President Hugo Chavez for years, argue recent government actions will worsen the situation. Venezuelan business federation Fedecamaras warned on May 5 that Venezuela faces an “economic and social crisis”.