Category: Political Economy – Basics

A delicate moment | Michael Roberts Blog … this is actually a big deal for the Australian election and its aftermath

A delicate moment | Michael Roberts Blog … this is actually a big deal for the Australian election and its aftermath

IMF chief economist, Gita Gopinath reckoned the global economy had entered “a delicate moment”. She offered a decisive insight: “If the downside risks do not materialize and the policy support put in place is effective, global growth should rebound. If, however, any of the major risks materialize, then the expected recoveries in stressed economies, export-dependent…

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Wages, wage suppression and crocodile tears

Wages, wage suppression and crocodile tears

House price falls are not the economy’s biggest worry Reserve Bank governor Dr Philip Lowe had more sensible things to say in three hours than we usually get in a month. http://www.smh.com.au/business/the-economy/house-price-falls-are-not-the-economy-s-biggest-worry-20190226-p510gk.html?btis Here Ross Gittins, economist at the Sydney Morning Herald, sheds crocodile tears over wages suppression and associated low household incomes. He backs up…

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Socialism’s Relevance Here and Now in Australia

Socialism’s Relevance Here and Now in Australia

Talking about socialism here and elsewhere Dr. Tristan Ewins consistently seeks, from within the ALP, as an open socialist to the left of Australian laborism, to promote discussion about the meaning of socialism in Australia in the 21 st century. Click here for his latest piece , “ALP Socialist Left Forum: The Prospects for Socialism…

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