Neville Spencer

When I am out selling Green Left Weekly on the streets, I am often asked: “Where does the money go?” I have to tell people that it just goes to producing the next issue of the paper. The cover price is not nearly enough to make such a profit that we would have to decide what to do with it. In fact, GLW would never have survived 25 years without huge ongoing efforts in appealing for donations and organising fundraisers to raise the additional money needed over what we get through sales and subscriptions.

One side event at the COP21 United Nations climate change conference in Paris was the launch of the Fossil-Fuel Subsidy Reform Communique. Almost 40 countries signed onto the statement, which pledges to eliminate subsidies to the fossil fuel industry. The communique said: “The International Energy Agency (IEA) highlights fossil fuel subsidy reform as a key component of a set of energy measures to combat climate change and estimates that even a partial phase-out of fossil-fuel subsidies would generate 12% of the total abatement needed by 2020 to keep the door open to the 2°C target.”

At a G20 meeting last October, Rupert Murdoch surprised some with a speech that criticised world leaders for, as it was described in his Australian newspaper, “their policies [that] have caused a ‘massive shift’ in societies to benefit the super-rich with a legacy of social polarisation”. In particular, Murdoch criticised youth unemployment: “The unemployment rate for Americans under the age of 25 is 13%, which sounds awful until I remember that in the eurozone that number is 23%, and it is twice as high in places like Spain and Greece, and parts of France and Italy.

Recently released data from the Australian Bureau of Statistics (ABS) shows that the pay gap between men and women is the highest it has been since records began in 1994. On average, women earn 18.8% less than men for full-time work. The average full-time weekly earnings for men is $1587.50 while for women it is $298 less. The gap had been closing, and decreased to around 15% in 2005 but has since surpassed its 1994 level. One factor is that male-dominated industries pay more than female-dominated industries. Miners, who are 85% male, earn more than social workers, who are 77% female.

While GLW was on its break over the New Year period, the news came that a snap election is to be held in Greece on January 25. GLW has been regularly reporting on the situation in Greece in recent years — the imposition of vicious austerity measures by the European Union and the Greek government and the rising popularity of the left-wing coalition SYRIZA. As the election approaches, polls put SYRIZA in the lead. It is likely to win, though may have to enter a coalition in order to form government.