Month: May 2016

Yanis Varoufakis – views

Regardless of short-term trends that reduced the significance of manufacturing in the developed world, he says, the kind of accumulated knowledge that car manufacturing represented should not have been jettisoned without something to replace it. There appears to be an expectation that the Chinese will replace that loss of value by investing their money in Australia. But if that happens, it could lead to boosting the existing bubble in the property market, warns Varoufakis.

NO TO AUSTERITY! – PEOPLE OF EUROPE ARE WAKING UP

“[Under] the new law the government has proposed to abolish the 38-hour working week, which is an accomplishment of the social struggle not just of Belgium, but of the whole of Europe. They want to abolish it and make it [the employer’s right to decide] how many hours a person is supposed to work every week,” Vanoost says, calling the new law “a symbolic thing which attacks the social rights of people in general.”