Socialist Alliance news & updates

Keep up with all the latest news and updates from Socialist Alliance. Also check out Our Common Cause, our regular column in Green Left.

The Big Four banks — the Commonwealth Bank, NAB, ANZ and Westpac — are together the most concentrated and profitable set of banks in the world. The Australian Big Four represent half of the eight most profitable banks on the entire globe.

The giant mining corporations make the biggest profits of all industries in Australia. BHP Billiton posted a profit of $14.7 billion last year, while Rio Tinto made a half-year profit of almost $5 billion.

Around the world, over the past 30 years or more, the ruling classes have launched an offensive against working people and the “welfare state,” under the theme of “Neoliberalism.”

At every election since its founding in 2001, the Socialist Alliance has decided preferences on a principled basis, by giving preferences to other parties based on how closely their policies and actions align with its own.