Australian Capital Reserve recently went bust leaving thousands of small investors at risk of impoverishment, among them pensioners who were convinced to sink their life savings into their various speculative schemes. It has already been made clear that the small investors will be the last to receive any compensation, an example of what we may see elsewhere.

An Auckland woman, Folole Muliaga, recently died in New Zealand because she could no longer run her oxygen machine which kept her alive, the reason being the electricity company Mighty River Power cut off her supply because of a NZ$168.40 arrears. A clear example that services run for profit kill!

On the surface New Zealand is “booming” but it is doing so at the expense of the working class. It is not surprising that under such conditions trade union membership has significantly increased and strikes over collective agreements and pay have broken out.

One year since the massive mobilisations against the introduction of draconian anti-trade union laws, the workers of Australia today showed their determination to keep the struggle alive. Over 250,000 turned out across Australia in rallies to protest.

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