It’s the Economy, but who actually understands it?

ausvotes-card-dataIf you can believe the current polling, it tells us that most people rate the economy as one of the top three issues in this election. They rate it highly but in reality, they know very little about it.

The average voter understands the economy in the narrow corridor of his/her own circumstances; the mortgage, household bills, savings, credit cards and the like. They also know we borrow as a nation, but few would know how it is done.

Read more at: The Australian Independent Media Network

 

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Full Employment… how a modern economy should operate.

Good ideas are rare these days. Most of what we hear as a new idea is usually one rebranded from long ago and dollied up to sound so refreshing, so original we forget it has been around for decades, even centuries.

The concept of full employment is not new. It has been around for as long as anyone alive can remember, but despite being one that is both economically fundamental and relatively easy to implement, it has not been on the list of policy preferences of any political party since the 1970s.maxresdefault

Read more at: The Australian Independent Media Network

 

Malcolm Faces a Struggle

Australian Prime Minister Malcolm Turnbull Meets Angela Merkel

(Photo by Sean Gallup/Getty Images)

The mainstream media may not have noticed but there has been an increase in union bashing on social media over the past 5 days. It suggests the dark forces of neo-liberalism are mobilising in anticipation of next week’s senate vote on the ABCC legislation.

 

Read more at: The Australian Independent Media Network

The Game is Rigged.

corpA short video by Robert Reich lasting just 2 minutes 35 seconds landed in my news feed on Facebook a few days ago. For all I know it may have been around for months, but that’s irrelevant. The message is what is important.

Reich was US Secretary for Labor, from 1993-1997 under the presidency of Bill Clinton and besides now being Chancellor’s Professor of Public Policy at Goldman School of Public Policy at University of California, Berkley, he is also an outspoken political commentator.

 

Read more at: The Australian Independent Media Network

Election 2016: Some Economic Myth-Busters

bills

A Happy New Year to everyone and in case you have forgotten, 2016 is an election year. Regardless of one’s personal preference for a conservative or progressive victory in that election, there should be at least one more immediate concern.

Irrespective of our political preferences, we should all be informed and be informing of, to as many voters as possible that, in terms of the economy, much of what they will hear from both conservative and progressive candidates leading up to the election, will be false.

 

Read more at: The Australian Independent Media Network

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