Welfare
More than five years since the global financial crisis, many OECD countries are still facing high rates of unemployment, losses in income and worsening social conditions. This was confirmed in the latest OECD social indicators report, Society at a Glance 2014, released on March 19. The reports says: "The financial upheaval of 2007-08 created not just an economic and fiscal crisis but also a social crisis ... Some 48 million people in OECD countries are looking for a job – 15 million more than in September 2007 – and millions more are in financial distress.
In his State of the Union address on January 28, United States President Barack Obama highlighted growing inequality in the US. He also pledged to take steps to cut greenhouse gases in the atmosphere. So what has the Obama administration done recently on both counts?
The next time you see another arrogant Liberal or National Party politician repeat Joe Hockey’s mantra “the age of entitlement is over, and the age of personal responsibility has begun,” think of billionaire Gina Rinehart. Rinehart, the richest person in Australia, inherited her fortune from her mining mogul father Lang Hancock, who once proposed that nuclear bombs be used get iron ore out of the ground in Western Australia.
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