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John Passant

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December 2021



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My interview Razor Sharp 18 February
Me interviewed by Sharon Firebrace on Razor Sharp on Tuesday 18 February. (0)

My interview Razor Sharp 11 February 2014
Me interviewed by Sharon Firebrace on Razor Sharp this morning. The Royal Commission, car industry and age of entitlement get a lot of the coverage. (0)

Razor Sharp 4 February 2014
Me on 4 February 2014 on Razor Sharp with Sharon Firebrace. (0)

Time for a House Un-Australian Activities Committee?
Tony Abbott thinks the Australian Broadcasting Corporation is Un-Australian. I am looking forward to his government setting up the House Un-Australian Activities Committee. (1)

Make Gina Rinehart work for her dole

Sick kids and paying upfront


Save Medicare

Demonstrate in defence of Medicare at Sydney Town Hall 1 pm Saturday 4 January (0)

Me on Razor Sharp this morning
Me interviewed by Sharon Firebrace this morning for Razor Sharp. It happens every Tuesday. (0)

I am not surprised
I think we are being unfair to this Abbott ‘no surprises’ Government. I am not surprised. (0)

Send Barnaby to Indonesia
It is a pity that Barnaby Joyce, a man of tact, diplomacy, nuance and subtlety, isn’t going to Indonesia to fix things up. I know I am disappointed that Barnaby is missing out on this great opportunity, and I am sure the Indonesians feel the same way. [Sarcasm alert.] (0)



Archive for 'Profit rates'

Australia’s economy goes backwards

Australia’s GDP went backwards 0.5% in the last quarter. Prepare for an onslaught of propaganda and action about cutting back spending on poor people, workers etc etc. The problem, as I tried to argue in this article in Independent Australia, is not policies per se, but capitalism itself. As Marx argued, there is a systemic […]


The Canberra Times: to renew my subscription or not? Or how the mainstream media has gone to hell in a handbasket

The declining Australian economy means that whoever is in government in Australia will adopt and ratchet up attacks on wages, jobs, conditions, and social spending. To try to hide this reality the attacks on the manufactured ‘enemy within’ will intensify and broaden to more welfare recipients and perhaps on to the left. The terrorist threat will dominate our news when the biggest terrorists sit in Canberra and Washington.

The mainstream media will cheer on the multitude of attacks on the working class. Nowhere among the reams and reams of ’analysis’ of the economic issues facing ‘the nation’ will there be published alternative voices that identify capitalism as the problem and production organised democratically to satisfy human need rather than make a profit as the solution. This article will never see the light of day in the mainstream media.

Why the attacks on the disabled, pensioners, the low paid, the unemployed, students, the sick, Aborigines…?

The attacks on the poor, the low paid, the disabled, the unemployed, pensioners, students, Aborigines and others are a class issue which requires a class response. That is why I say the best way to stop the bosses’ budget is to stop work. Bust the budget rallies are being held across Australia this coming Sunday, 6 July. Make them the first step in stopping Abbott attacking us and to send a warning to Labor to abandon its attacks on us when it is in government.

Capital and tax – a very simple example

As profit rates have fallen and are up to half what they were in the boom years of the 50s and 60s, across the developed world the state has responded by cutting taxes on capital.

Boxing Day sales and Karl Marx

Marx never went to a Boxing Day Sale. He didn’t have the money. In recent years Boxing Day sales have become more popular as a way for retailers to recoup some money after flat or less than expected pre-Christmas revenue.

Turnover Time and Marx’s Law of the Tendential Fall in the Rate of Profit

From Canberra comrade Peter Jones a very interesting paper: Abstract: This paper develops a method for quantifying the influence of four factors on the average rate of profit (ROP): the organic composition of capital (OCC), prices of constant capital, the rate of surplus value, and the average turnover time of variable capital. This is applied […]

Michael Roberts: the rate of profit is key

Under capitalism, terrible slumps will reoccur and inequality will remain. The end of poverty and prosperity for the majority can only come through replacing private production for profit with democratically-planned production for social need.

Cut profits, not wages

We workers create the wealth of society and the bosses expropriate it. Maybe instead of cutting wages or holding them down as Crean and Ferguson did and now want, we should cut profits and increase wages. How? We can only win decent wage increases through strike action.

Tax reform in Australia: a view from the left

Here is a link to a draft I wrote on tax reform in Australia: a view from the left. Hit the download button to read it all. (Warning, 40,000 words.)

2012: From resistance to revolution?

The task today in all the countries and regions of resistance, in the Arab countries, in Europe, in the US, even in quiet Australia, is to further the movement for democracy and the opposition to austerity and to build a mass working class party of revolution.