austerity

By staff - Amnesty International, August 16, 2016

Since 2012 Amnesty International has commented and campaigned on the serious policing failures that led to the deaths at Marikana, calling for full accountability and reparations for the victims and their families. That work continues.

This report examines abuses of the right to adequate housing of mine workers at Lonmin’s Marikana mine operation. Its primary focus is an examination of Lonmin’s response to the findings of the Farlam Commission.

In this regard it looks both at what Lonmin has done and what the company has said about the situation.

Read the text (PDF).

By Andrea Bunting - Green Left Weekly, June 20, 2015

Disclaimer: The views expressed here are not the official position of the IWW (or even the IWW’s EUC) and do not necessarily represent the views of anyone but the author’s.

The federal government is keen to cut the age pension. Its latest proposal to double the taper rate on the assets test has been supported by the Greens on the basis that this measure will reduce government support to those with significant wealth.

The Greens also hoped that by supporting these pension cuts, the government would rein in tax concessions on superannuation. However, the government has since publicly ruled out any superannuation changes.

So the deal does not reduce benefits given to the rich. It reduces benefits to those in the middle, while providing a small benefit — about $15 per week — to pensioners with modest assets. The poorest pensioners receive nothing extra.

National Seniors Australia has expressed concern that these changes will reduce pensions, while not addressing superannuation tax concessions.

The government provides support for people’s retirement through the age pension and through tax concessions on superannuation. The Australian Institute of Superannuation Trustees (AIST) and Mercer have modelled the total lifetime government support for retirement incomes received by those on different levels of income.

Their modelling found that the bottom 10% of earners average about $400,000 in government retirement support over their lifetime. Meanwhile, the top 10% of earners average about $489,000. This group doesn’t even get the age pension.

But the greatest government largesse is reserved for those in the top 1% income range. The modelling showed that the richest 1% receive on average around $630,000 of lifetime government support. Under the new law, lifetime support for some middle income earners has now been slashed to $214,000.

By Béla Galgóczi - European Trade Union Institute, 2015

Our planetary limits demand a radical transition from the energy-intensive economic model based on the extraction of finite resources, which has been dominant since the first industrial revolution, to a model that is both sustainable and equitable.

Unfortunately however, energy transformation in Europe has, after a promising start, fallen hostage to austerity and to the main philosophy underpinning the crisis management policies in which overall competitiveness is reduced to the much narrower concept of cost-competitiveness. Regulatory uncertainty, design failures built into incentive systems, and unjust distribution of the costs, have also contributed to the reversal of progress in energy transformation currently observable across Europe.

In this book three country case studies highlight the different facets of these conflicts, while additional light is thrown on the situation by an account of the lack of progress in achieving energy efficiency.

By way of conclusion, a mapping of the main conflicts and obstacles to progress will be of help in formulating policy recommendations. Ambitious climate and energy policy targets should be regarded not as a burden on the economy but rather as investment targets able to pave the way to higher employment and sustainable growth. It is high time for this perception to be recognised and implemented in the context of Europe’s new Investment Plan, thereby enabling clean energy investment to come to form its central pillar. A shift in this direction will require an overhaul of the regulatory and incentive systems to ensure that the need for just burden-sharing is adequately taken into account.

Read the report (Link).