‘Collapse of civilisation is the most likely outcome’: top climate scientists
The world’s most eminent climate scientists and biologists believe we’re headed for the collapse of civilisation, and it may already be too late to change course.
The world’s most eminent climate scientists and biologists believe we’re headed for the collapse of civilisation, and it may already be too late to change course.
Underemployment is at the highest level since records began following an unprecedented drop in working hours, and these numbers will worsen as the government insists on cutting spending and ignoring pleas by economists to pursue a “full employment” agenda.
Nobel Prize-winning economist Joseph Stiglitz says Australia’s neoliberal approach to coronavirus recovery will prolong the downturn, while “special interests” create an “ersatz capitalism” whereby “you socialise the losses but you privatise the gains”.
Australia is entering the worst downturn in its history and experts say policies being advocated by the federal government and the business community could exacerbate poverty to the point of “bloodshed”.