Rentals Brittle, Under Pressure

Last week the Australian Housing and Urban Research Institute (AHURI) held a seminar in Melbourne on the serious stresses on renter households that have emerged over the last twenty years. Dr Wendy Stone from Swinburne found: • A decline in overall private rental...

Welfare offers rich pickings for the wealthy

By Philip Soos, Deakin University A few weeks ago, a Deakin University academic, Martin Hirst, made some interesting comments about the politics and economics of class warfare and redistribution. He correctly noted that the accusations of class warfare by Coalition...

NSW Stamp Duty a foul and putrid mess

photo credit: dcmasterBarry O’Farrell was elected Premier of NSW in March this year. His first budget announced Tuesday raised a storm of protest – not over a realignment of government priorities to his conservative Coalition’s agenda, but on Stamp Duty. The previous...

How Financial Oligarchy Supplants Sovereignty

photo credit: George Laoutaris Will Greece Let EU Central Bankers Run Riot Over Sovereignty? Michael Hudson When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would ensure stability, and that...

Land greed drives Arab fury

photo credit: CharlesFred Revolutionary spirits are boiling over across the Middle East. Mubarek of Egypt has fallen; Gaddafi is washing the streets of Tripoli with good Libyan blood. The problem is the division of wealth: citizens live in abject poverty while a...

She’ll be right, mate

photo credit: pierre pouliquin Staggering sums of money generated by the commodity boom are providing cash bonuses for mining executives and riches to mine owners beyond their wildest dreams. The problem is, that money belongs to you and me.  It is our country being...

The pain in falling land prices

photo credit: Travis S. The US housing market is a living hell.  Homeowners are being boiled alive. The price of land was bid up to staggering multiples of incomes, until it no longer made sense to buy a house. And then the trend turned, hard and fast. One in five US...