Tag: Creative destruction
Underemployment rising
Posted by John, August 9th, 2009 - under Recession, W-shaped recession.
Tags: ALP, Australian economy, Australian politics, Capitalism, Casino capitalism, Creative destruction, Economics
Comments: 1
We are not yet out of the woods. And if we are I suspect we are in a clearing before we go further into the heart of darkness.
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A W-shaped recession?
Posted by Leonie, July 21st, 2009 - under Recession, Stimulus package, United States.
Tags: Australian economy, Capitalism, China, Creative destruction, Economic crisis, Economics, Global economy, Great Recession
Comments: 3
This might be a W-shaped recession, with the W moving towards a w.
Explaining the toxic crisis of capitalism
Posted by Leonie, April 18th, 2009 - under Marxism.
Tags: Big business, Capitalism, Creative destruction
Comments: none
Socialist Worker in Britain ran this article – Explaining the toxic crisis of capitalism – in September last year. It is well worth a read for a simple understanding of the crisis of profitability slowly destroying the system.
Social democracy rules, OK?
Posted by Bill, April 14th, 2009 - under Jobs, Julia Gillard, Kevin Rudd, Labor Party, Labor sackings, Maternity leave, Nationalisation, Neoliberalism, Obama, Occupations, Paid maternity leave, Reformism, Resistance, Rudd, Rudd Government, Rudd Labor, sackings, Social Democracy, Stimulus package, Strikes, The Australian, The Great Recession, The Left, Trade unions, unemployment, Unions, United States, Wage cuts, Wage freezes, Wage slavery, Wages, Work hours.
Tags: 30 hour week, ABCC, ALP, Australian Building and Construction Commission, Australian politics, Big business, Building industry, Capitalism, CFMEU, Class struggle, Creative destruction, Demonstrations, Economic crisis, Fighting back, Great Recession
Comments: 13
Social democratic controlled burning won’t prevent the firestorm of the Great Recession from destroying hundreds of millions of lives across the globe. Rudd Labor will fan the flames.
Andrew Bolt is right – Rudd could be a oncer
Posted by John, March 8th, 2009 - under Jobs, Labor Party, Living standards, Occupations, Racism, Resistance, sackings, Socialism, Strikes, The Greens, The Left, The Liberals, The Right, Trade unions, unemployment, Unions, Wage cuts, Wage freezes, Wages.
Tags: ACTU, ALP, Australian politics, Capitalism, Creative destruction, Democracy, Demonstrations, Economics, Europe, Fighting back, France
Comments: 4
Andrew Bolt is right. Rudd could be a oncer.
Economics – Marx in a minute
Posted by John, February 28th, 2009 - under Marxism, Socialism.
Tags: Australian politics, Big business, Capitalism, Creative destruction, Economics, Fighting back
Comments: 4
Could it be that low profit rates are causing the problems of the economy? Not too much Government. Not too little Government. Not over-regulation. Not under-regulation. Not over-consumption. Not under-consumption. Not too many people. Not greed. Low profit rates. If so the way production is organised under capitalism is the real issue. Capitalists invest more and more in […]
Nationalise socks and jocks!
Posted by John, February 26th, 2009 - under Uncategorised.
Tags: ALP, Australian Council of Trade Unions, Australian politics, Big business, Capitalism, Creative destruction, Democracy
Comments: 24
Nationalise Pacific Brands. The company is sacking 1850 staff in Australia and moving production to China and other countries. It makes singlets, jocks, socks, bras and the like. What can the workers there do? Occupy the factories. Run production themselves. Demand the Rudd ‘Labor’ Government nationalise the company without compensation to protect their jobs. Sound ridiculous?
Is recesssion inevitable in Canberra?
Posted by John, February 25th, 2009 - under Labor Party, Neoliberalism, Public Service, sackings, Trade unions, unemployment, Unions.
Tags: ALP, Australian Council of Trade Unions, Australian politics, Canberra, Capitalism, Creative destruction, Economics, Fighting back
Comments: 1
Australia is not and will not be immune from the economic crisis. Canberra won’t be either. For a start Canberra is dependent on the Commonwealth Public Service for much of its employment. In the May Budget it is possible the Rudd Government will take a meat axe to the public service – either directly through […]
Economic crisis:Recession and rebellion
Posted by John, February 24th, 2009 - under Keynesianism, Marxism, Nationalisation, Neoliberalism, Socialism, unemployment.
Tags: ALP, Australian Council of Trade Unions, Australian politics, Big business, Capitalism, Creative destruction, Democracy, Economics, Fighting back, France
Comments: 4
Australia is not immune from the economic crisis. Class struggle in response to the ferment can break out here too.
We have the same class divisions as other countries. Our bourgeoisie and Governments will attempt to shift the burden of the crisis onto workers. That of course is already happening with wage freezes, reduced hours and sackings, and stimulus packages aimed at bolstering profits, and promoting attacks on wages.
What if Marx is right?
Posted by John, February 18th, 2009 - under Keynesianism, Labor Party, Marxism, Neoliberalism, Social Democracy, Socialism, The Left, The Liberals, The Right, unemployment.
Tags: ALP, Australian politics, Big business, Capitalism, Creative destruction, Economics
Comments: 4
There is a dagger at the heart of capitalism. It is the tendency of the rate of profit to fall. If Marx is right about this tendency then it doesn’t really matter in the long term whether you are a stimulator or tax cutter, a Keynesian or a Friedmanite. Stimulus packages, tax cuts, letting business […]