Economy

Neoliberalism: demise or adaptation?

Below we publish a contribution to the discussion surrounding neoliberalism and the world economy in the 2020s by Vlad Bortun from our sister section in the Spanish State - Socialismo Revolucionario. The most global...

Reserve Bank Props Up Capitalism, But Can’t Solve Underlying Problems

Early in November the Reserve Bank of Australia (RBA) announced it would intervene to stimulate the economy more directly than it has before. Since the 2008 Global Financial Crisis, a number of countries have...

Jobseeker Cuts Leave Millions in Poverty

Fearing the economic and political repercussions of an unemployment spike, the Morrison government was forced to increase the Newstart unemployment allowance by $550 per fortnight earlier this year. But despite widespread economic devastation Morrison’s...

The Covid Vaccine & the Failure of Capitalist Competition

This article was originally published by the Socialist Party, the Irish sister organisation of Socialist Action. The total failure of the capitalist system to deliver for the needs and aspirations of ordinary, working-class people is...

Southern Europe: New Economic Crisis, Old Structural Causes

Fighting Left Alternative Desperately Needed Apart from geographical and cultural similarities, Southern European countries also share, as a key feature, a combined and uneven capitalist development. This laid the basis for structural divisions along broad...

The Australia-China conflict: a socialist view

A new stage of hostility has opened in the strained relationship between the Australian and Chinese governments. At a time when international cooperation is needed more than ever, Canberra and Beijing are engaged in...

The Great Depression and the rise of the Communist Party Australia

The Great Depression created a palpable crisis throughout Australia. Gross Domestic Production declined by 10% between 1929 and 1931 and one in three people were unemployed by 1932. Workers wages were slashed 10%. The Australian...

Jobs crisis: Government schemes fail

Official unemployment numbers reached an 18 year high in June as Australia entered its first recession in nearly 30 years. Despite the Morrison government trying to brush this off with rhetoric of a “business...

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