Tag: australian politics

Australian bosses and “their” profits: capital strikes are good

Australian bosses and “their” profits: capital strikes are good

Introduction and acknowledgement In this article I take a close look at what’s been happening in Australia with profits and investment. I have done this out of some frustration with the way in which the economy in general and specific parts of it are reported without any meaningful connection to bosses and their profits. I…

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Impending crisis, the broken rules of the system v the 90%

Impending crisis, the broken rules of the system v the 90%

Here, Michael Roberts gives a good overview of the global picture regarding new levels of instability in the economic system. Instability is an intrinsic feature of the capitalists system we live in. He starts as follows: The US stock market turned volatile this week and has now erased all the gains made up to now…

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Understanding its reality is the first activist step towards preparing for the next economic crisis

Understanding its reality is the first activist step towards preparing for the next economic crisis

Global economy is facing a ‘perfect storm’ BIS fears that increasing protectionism could reverse decades of progress. http://www.smh.com.au/business/the-economy/global-economy-is-facing-a-perfect-storm-warns-bis-chief-20180827-p4zzzq.html?btis You don’t have to agree with or understand all of the stuff in this summary of what one of the major architects of “our” twenty first century capitalism is saying, except that another economic crisis is just…

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