Posts in: economy

Welfare: a battleground for workers’ rights in Australia

April 2017

Say “robo-debt” to a welfare recipient or Centrelink (Australian Human Services) worker and you’ll see anguish and righteous anger. Centrelink is sending out 20,000 notices a week informing people on benefits that they allegedly owe the government money due to overpayments! Slapping a single mother or a pensioner with thousands of dollars is common. Some… Read more »

Marx’s Capital in the 21st century

August 2017

This year marks the 150th anniversary of Volume I of Marx’s Capital, a book with the most profound impact on human society of any political work in history.

Cut to the bone

August 2017

Trump’s budget is an atrocity from town to country.

Freedom Socialist opinion — Neoliberalism is failing. Even the IMF says so!

August 2016

What the hell is going on over at the International Monetary Fund (IMF)? Have socialists or some malcontents infiltrated the place with the aim of bringing it down from the inside? Nah. It is just three research wonks who wrote a document saying that the benefits of “neoliberalism” may have been “oversold.” The IMF acts… Read more »

Venezuela in crisis

October 2016

Three years after Hugo Chávez’s death, Venezuela is in a state of social and economic breakdown. Plummeting world oil prices have gutted the coffers of successor President Nicolás Maduro’s government, which gets 95 percent of its revenue from oil. As the treasury dried up, the government subsidies people depended on have vanished – and with… Read more »

As homelessness soars in Los Angeles, politicians pretend to care

October 2016

Yes. LA has a housing and homelessness problem. No news there. And it’s probably not news that many solutions are continually rejected by politicians and developers — capitalists all! The problems are myriad. Thrust onto the cement by sky-rocketing rents, foreclosures and evictions, homeless people routinely face the indignities of life without walls, where nothing… Read more »

6 economic myths debunked: Fact-checking the conventional wisdom

December 2016

Before, during, and after this election season, there are several economic myths that the capitalist system and its two party political representatives perpetuate, manipulate, downplay and upsell to justify their existence. We are going to examine, nay, debunk, six of these myths. 1. Immigrants take away “American” jobs. Whenever the ruling class needs to stoke… Read more »