Nationalisation

Australia has escaped recession for more than two decades, despite the impact of the Asian and global financial crises on the world's economies.

And so it begins — an offensive, on behalf of the Australian ruling class and corporate interests, to steal the future from the majority of Australians, to dismantle what remains of our social welfare system, in order to carry out, in the words of Treasurer Joe Hockey, "the government's solemn duty ... to build a stronger Australia".

Tens of thousands of people gathered at vigils around Australia over the weekend of February 22 to 23 to protest the brutal killing of asylum seeker Reza Berati inside the Manus Island detention camp in Papua New Guinea.

In response to the announcement by General Motors from its corporate headquarters in Detroit that it will discontinue vehicle and engine manufacturing and significantly reduce its engineering operations in Australia by the end of 2017

So Tony Abbott is the new prime minister. The Rudd-Gillard-Rudd Labor governments delivered this outcome with the narrow self-interest of its MPs and mafia-like faction heads and its desperation to prove itself as the best managers for the billionaire class.

The Socialist Alliance is using the federal election to popularise the idea that we need bring mines, banks and power companies into democratic public ownership. Here are five reasons why this is a good idea.

Ford's announcement that it will close its last vehicle manufacturing plants in Australia - in Geelong and Broadmeadows - destroying the jobs of 1,200, is "totally despicable", said Sue Bull, the Socialist Alliance candidate for Corio.

"While ALP politicians are fleeing in terror from factional and media accusations about using ‘class war rhetoric’, the reality is that there is an ongoing class war that is about to be dramatically escalated if Abbott wins the September 14 elections", said Peter Boyle.

Socialist Alliance will run three candidates in the March 9 elections in Western Australia. The main message of the campaign is that the state government should take steps to bring the big mining companies operating in the state into public ownership.

Where to start with an analysis of the mining boom in Australia? Perhaps ironically, with the Independent Commission Against Corruption.

The mining industry in Australia has boomed from about 4% of GDP in 2004 to about 9% today. Mining exports in the year to March last year were worth $155 billion, or 53% of Australia's total exports.

Reporting on the release of the mid-year budget update in the Canberra Times on October 22, Peter Martin wrote that “Tax collections from both wages and the GST are running ahead of projections. Dramatically lower company tax collections account for most of the $21 billion write-down.”

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