It’s not that governments have suddenly discovered a big pot of gold in the basement of the . They say that they are taking these measures to both pr… - Tom Bramble

In pretty much every spending package, subsidies to business, government loans and tax concessions account for two-thirds or more of the funds outlaid. Things that directly benefit workers – the big majority of the population – account for only one-third of the money.

Most of the time we’re told that “the economy” can’t afford a decent for workers – higher minimum wages, liveable Newstart allowances, a massively expanded program to get people out of the private rental market, free university education. Budgets have to balance. Businesses have to be competitive. Taxes have to be kept low. And now, all of a sudden, we’re finding that the economy can, apparently, afford things that we have long demanded. Governments around the world are now laying out money on things that just weeks ago they would have attacked as unaffordable.

is urging the federal government to provide wage subsidies to workers, equivalent in value to Newstart to all businesses experiencing a sharp downturn. It is also asking the government to provide concessional loans of up to half a million dollars, with 80 percent of the debt guaranteed by government, as well as wage subsidies to cover sick leave entitlements. Nothing but corporate welfare of a kind that they have long decried when applied to workers themselves. In the short term, working class households will get some benefits from this cash splash. In Australia welfare beneficiaries will be getting $750 in their bank accounts. in In the United States it is likely that Americans will receiving close to $1,000. But this is just short term relief to get the economy moving. The long term benefits will go to the capitalist class in the form of and other financial concessions. The current crisis demonstrates not only that all the ideological nonsense about the virtues of the free market is quickly thrown overboard when capitalist interests are threatened, but also that the idea that governments are essentially powerless in the face of the markets is rubbish. Governments are not helpless victims who cannot do anything in the face of “economic reality”. In the normal course of events, when we demand things like better welfare, health care or education, governments tell us that it isn’t possible.