Archive for 'Keynesianism'
Dennis Shanahan is the political editor of The Australian newspaper. In this weekend’s edition (7 February), in an article called ’Coalition’s surprise move on the $42 billion stimulus package turns the tables’, he writes: Malcolm Turnbull has blind-sided the Government over the $42 billion stimulus package and left Kevin Rudd politically flat-footed and frustrated. In [...]
National Australia Bank tells us it won’t pass on any more interest rate cuts. Screw them, Kevin. And their mates at the other Big Four Australian Banks, the Commonwealth, ANZ and Westpac. How much of my money have the competition protected Big Four received to stay stable? How much is the deposit guarantee from us [...]
Free insulation. Who could have dreamed up this doozy? Here’s what Sharan Burrow, head of the Australian Council of Trade Unions said in December 2008, words she echoed on 20 January 2009. The global financial crisis and the potential impact on employment shows another way that we can make green investment work for the economy, [...]
The economic crisis has destroyed the neoliberal experiment. Yet the bourgeoisie cannot come up with an adequate new theory to justify the continued exploitation of workers and to serve as some sort of ideological pretence for increasing that exploitation as a response to stagnant, low profit rates. In fact the reality may be that neoliberalism [...]