Following the announcement by South Australian Treasurer Kevin Foley that the Asia Pacific Defence and Security Exhibition has been cancelled, peace activists who had been planning anti-APDSE protests had reason to celebrate.
An independent review into the Northern Territory Emergency Response (NTER), or NT intervention, has been accused of being “watered down” before its final release in order to not embarrass the federal Labor government.
The interview below was carried out by Argentinean newspaper Pagina 12 with Monthly Review editor and Marxist economist John Bellamy Foster.
It was posted on http://www.mrzine.monthylreview.org on October 10, from which the version below is abridged. The full version is included as part of a wide-ranging collection of articles and videos on the financial crisis posted at socialist e-journal Links, http://links.org.au.
“This strategy is designed to help pensioners, carers and families, and first home buyers”, declared Australia’s Labor Prime Minister Kevin Rudd in his October 14 address to the nation. Rudd was announcing a $10.4 billion “economic security strategy” in response to the global financial crisis.
Young people today face an uncertain future. Watching the news on any channel at night is proof enough of this. The current crisis taking precedence on news broadcasts around the globe is of course the financial crisis.
As stock markets crashed and a global credit squeeze threatened global economies, Latin American governments pushed ahead with plans for a new financial architecture, to replace the current bankrupt system.
The recent infant milk formula scandal in China, in which at least four babies have died and over 50,000 have become sick due to poisoning with the industrial chemical melamine, highlights the way capitalism cannot guarantee the health and well being of people particularly the most vulnerable.
Across 12 Melbourne suburbs, a groundswell of community outrage is growing against the proposal for a new road tunnel that will link the eastern and western suburbs.