The global financial crisis that began in 2007 was clearly about money, credit, and finance.  For mainstream economists and politicians — from neoliberals like John B. Taylor at Stanford and Tony Abbott, through pragmatists like Barack Obama and Australian prime minister Kevin Rudd, to Keynesians and social democrats like Paul Krugman at Princeton and John […]

Don’t panic!  That’s the panicked cry of governments and central bankers around the world.  Meanwhile their behaviour shows that they expect a very, very deep recession. After repetition over more than a quarter of century — by mainstream economists, ministers, the World Bank and International Monetary Fund — neo-liberal platitudes have been forgotten.  Today, we […]

Just as the slump in the US economy threatens to trigger a global recession, Australian authorities have pronounced inflation ‘public enemy number one’ and are trying to slow growth.  They tell workers to ‘exercise wage restraint’. Australian Prime Minister Kevin Rudd, Industrial Relations Minister Julia Gillard and Treasurer Wayne Swan sing the same tune: workers […]

Not only did conservative Australian Prime Minister John Howard lose the election last Saturday in a landslide, he may have lost his seat as well. The Australian Labor Party now controls all nine Australian governments: State, Territory and federal. Industrial relations was the key issue in the election. Years of campaigning against the anti-Aboriginal and […]

After practicing in Iraq, Afghanistan, the Solomon Islands, Nauru, and East Timor, the Australian Government is invading and occupying outback Aboriginal communities with soldiers and police. Conservative Prime Minister John Howard declared a “national emergency” on June 21 over sexual abuse of Aboriginal children in the Northern Territory.   The trigger was said to be […]