Category: Political Economy – Basics

The “logic” of Morrison’s LNP new old-fashioned attack on workers’ rights

The “logic” of Morrison’s LNP new old-fashioned attack on workers’ rights

It should come as no surprise to anyone that a new LNP government would go after workers and union rights after winning an election. There has not been an LNP government that has not done that or regulatory bodies that have not fallen into line. It’s in their DNA and in a perverse sense there…

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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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