Posts Tagged ‘neoliberalism’

VIDEO – Greece braced for large protests

VIDEO – Berlusconi government mired in crisis

Egypt: Revolution in Motion

Empire – The IMF on trial

Al-Jazeera program featuring comrade Alex Callinicos…

VIDEO – Global shares drop sharply

VIDEO – Spain’s ‘indignant’ converge on Madrid

The Spanish and the Greeks will continue to be among of my biggest sources of inspiration…

VIDEO – Foreign policy of the Egyptian uprising

Ministry of investments to be dissolved, privatization to end, says deputy PM

The newly appointed deputy prime minister, Ali el-Selmy, has announced today “an end to the privatization program, and the dissolution of the ministry of investments.” He also promised to work on returning the privatized companies back to the public sector in a “civilized manner.”

This is a historic day. Such statements wouldn’t have been uttered if there wasn’t such strong opposition to the neoliberal policies of the former regime and if it wasn’t for the strike actions in the privatized firms.

Let’s keep up the pressure…

Minimum wage reduced to LE684 in new state budget

The Mahalla workers, on 17 February 2008, were the first to put forward the demand, for raising the national minimum wage to LE1,200 per month, after it stagnated at LE35 per month since 1984. Nazif’s neoliberal cabinet only raised it to LE400 last year.

Following the uprising, Essam Sharaf’s cabinet had announced it’d raise the minimum wage to only LE700, despite condemnations from labor groups and NGOs. But shockingly now the military junta has officially endorsed the new government budget whereby the national minimum wage had been further reduced to LE684, with more austerity measures taken…

Field Marshal Mohamed Hussein Tantawy, head of the Supreme Council of the Armed Forces (SCAF), has endorsed the 2011/2012 state budget after it was amended and approved by the cabinet.
The total budget expenditure was amended from LE515 billion to LE491 billion, of which 54 percent would be directed to social projects.
The minimum wage was reduced from LE700 to LE684 per month as of July, with an annual total of LE9 billion to be paid in wages for two million government employees.
Expenditure on education decreased from LE55 billion to LE 52 billion, health from LE24 billion to LE23.8 billion, and housing from LE21 billion to LE16.7 billion.

VIDEO – Britons strike over austerity proposals