"WOW. This is something you don't often see. Goldman Sachs says it may have to question capitalism itself." So went the tweet from Bloomberg TV correspondent Joseph Weisenthal.
I wondered what could possibly cause one of the world’s largest investment banks, a company that is heavily invested in capitalism (both literally and figuratively) to “question capitalism itself”? Why isn't this bigger news?
Green Left
This week marks 25 years since Green Left Weekly was launched.
When it was first published on February 18, 1991, Bob Hawke was prime minister, the worst drought in Australia's recorded history was beginning and the Intergovernmental Panel on Climate Change (IPCC) had just released its First Assessment Report, which concluded that “immediate reductions in emissions from human activities of over 60% [were needed] to stabilise their concentrations at today's levels”.
Clive Palmer, mining magnate, politician, “citizen of Queensland” — who accused the Greens and Greenpeace of being CIA-funded traitors — has left 237 employees of his Queensland Nickel refinery out of work and robbed of their entitlements.
Palmer asserts that he bears no personal responsibility for the workers' entitlements. The focus is now on whether Palmer was still authorising expenditure for Queensland Nickel after having announced his withdrawal as a director of the company.
Women from the Refugee Rights Action Network (RRAN) organised a "Mad F**king Witches" action to highlight the intolerable levels of sexual assault in Australian immigration detention centres and to call for freedom for refugees and the sacking of minister Peter Dutton.
Happy New Year for a few weeks ago or coming up in a couple of weeks, depending on whether you rely on a calendar or the moon for such things. I hope you had some time off and got to spend it relaxing with people you love, or if you were working, that you got plenty of time and a ... WATCH OUT FOR YOUR PENALTY RATES!!!
Yes, that's right, while most of us were working or preparing for the strange rituals of the season, those busy little elves at the Productivity Commission had been slavishly working, day and night, to deliver a lovely big present to business and the government.
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.”
If we needed any further proof that our politicians are "fossil fools", despite recent leadership changes, look no further than the responses made by the Prime Minister and federal resources minister to the call for a moratorium on new coalmines by the President of the Pacific island nation Kiribati, Anote Tong.
The rise in popularity of anti-austerity parties, responses to the global climate crisis and challenges in building alternatives to neoliberal capitalism will be explored at the Socialism for the 21st Century Conference, to be held in Sydney on May 13 to 15 next year.
Green Left Weekly is proud to co-host this conference — which will be held in our 25th year of publication.
So the Malcolm Turnbull-led government thinks we need to reform the tax system. When looking at the extent to which multinational corporations are shirking their responsibilities in Australia, this sounds like a good thing.
It is rare that a critical article on Australia's military spending appears in one of the corporate newspapers but on October 25, the Melbourne Age published such an article by senior correspondent Daniel Flitton entitled “Does Australia's military need such tentacles of defence?”.
Flitton argued that while Australian governments have “talked the good talk of regional co-operation and engagement for decades” their “staggering shopping list of new military hardware was signalling a very different message to the region.
The Coalition Against Israeli Apartheid held a speak-out for Palestine in Melbourne on October 23. Among the demands were: end Israeli occupation now; dismantle Israeli apartheid; tear down the apartheid wall; lift the siege on Gaza; and end extrajudicial killings.
Around two thousand people rallied in Sydney on October 11 in support of refugees. The protest was called by the Refugee Action Coalition and came in the wake of claims of mistreatment and sexual abuse against refugee women on Nauru and Manus Island.
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