Albo The Zombie Neoliberal PM

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Anthony Albanese and his Labor government have not addressed the housing crisis. Too afraid to offend anyone; they are hoping to shift the neoliberal economic levers to relieve the situation. Hoping to increase housing stock and have supply reduce the high price of demand. This is not working, however, as there are too many roadblocks in the way in Australia. Not enough tradies to build the needed homes and recalcitrant councils holding up planning and building approvals are just some of the intransigent problems. How many years are poor renters going to have to suffer exorbitant rents on homes? Meanwhile, the price of residential property in Australian cities continues to surge. Albo the zombie neoliberal PM.Continue Reading

banknotes with a portrait of a lady printed

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In: economics, featured, latest post

Recent research published by The Australia Institute confirms that the decade 2009-2019 was the most inequitable, in terms of wealth-growth-share, in Australia’s history. A decade overseen by the Coalition of Liberals and Nationals on the federal stage. A mining boom and surging  property market has rocketed 90% of new wealth growth into the hands of the top 10% of earners and owners in Australia during this period. Australia fast becoming one of the most inequitable nations on earth should not surprise many, as they have supported policies pushing the nation in this direction.Continue Reading