Category: Political Economy News & Commentary

Dependence on private corporations to fix inequality and climate change will be a dead end

Dependence on private corporations to fix inequality and climate change will be a dead end

Global economy faces $19tn corporate debt timebomb, warns IMF Here we have the IMF warning the capitalist class, and the governments that protect it, that they have a problem. Interest on corporate debt that cannot be repaid. It’s yet another problem of their own making. The IMF is a capitalist institution and is one of…

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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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