The Guardian • inflation
The bastard banks
The Reserve Bank continues to launch an assault on the working class. The fallacy that interest rate rises are going to do anything other than...
Read moreRBA and ALP want workers to pay for the crisis
After decades of wage stagnation and increasing living costs, the Reserve Bank of Australia has told workers to tighten their belts and accept further real...
Read moreBuild the fightback
Decades of privatisations, job cuts and wage suppression and more recently the cuts masked by measures taken during the COVID-19 pandemic, have taken a huge...
Read moreDINGO
On 3rd June 1992 the High Court of Australia recognised that a group of Torres Strait Islanders, led by Eddie Mabo, held ownership of Mer...
Read moreMonopoly capital
As families struggle to put food on the table and keep up with rental and mortgage payments, profits are soaring. Inflation was running at six...
Read moreDINGO
New research from Australia Institute economist Dr Jim Stanford has confirmed that excessive corporate profits are the main driver of inflation, not wages. The research...
Read moreThe fight against public service austerity
No matter how much employers want workers to understand otherwise, the COVID-19 pandemic has been a boom period for capital. Finance capital, represented most obviously...
Read moreDINGO
The governments of ten Latin American and Caribbean countries met to discuss the best ways to jointly counter the inflationary wave sweeping the world which...
Read moreEnergy prices explode: capitalism in crisis
Consumers face soaring energy costs as Australia’s gas and thermal coal exporters rake in windfall profits. The incoming Labor government has inherited the legacy of...
Read moreTime for a wage rise
The cost-of-living crisis has not abated as households face further economic pressures with interest rates and inflation on the rise. Trade union militancy is on...
Read moreGLOBAL BRIEFS
NORWAY: A new report commissioned by the Norwegian police into a deadly shooting during Oslo’s annual LGBT Pride festival last year blasted Norway’s domestic security...
Read moreThe facts about wage rises and inflation
There has been no shortage of news headlines, big business and government warnings that a wages breakout will cause inflation: “Teachers’ rise a risk to...
Read more“Wage-price spiral” myth
Reserve Bank of Australia (RBA) Governor Philip Lowe expressed concern that workers would get much higher pay rises in response to inflation, which he claims...
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