I am a recent user of Twitter, and I have enjoyed the discourse therein, I noted the ABC radio announcer Steve Austin had made a comment about an article; it was rather strong for Steve I thought. That article written by Rutger Bregman;
https://thecorrespondent.com/466/the-neoliberal-era-is-ending-what-comes-next/61655148676-a00ee89a
carefully articulates the back-story of government changed, and we saw the phenomena of wholesale deregulations and privatisations throughout our country and the world.
Many of us have railed against the move, blamed Labor then Howard quietly adopted the agenda. The Dairy industry and Taxi industry are but two recent wrecked industries.
From the Keynesian system to Hayek and Freidman sneakily meeting at Mont Pèlerin to plot to overthrow the world order.
Extraordinarily, the Financial Times, maybe the leading business publication the world in April wrote:
“Radical reforms – reversing the prevailing policy direction of the last four decades – will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.”
Change is on, those of us who believe in managed capitalism will need to be on guard as a totalitarian system with entire social control is poking about.
Amazingly, more young US Americans have a favourable view of Socialism than Capitalism.
The Mont Pèlerin Society was made up of self-proclaimed “neoliberals” Hayak and Freidman who’s disciples were Thatcher, Regan, Hawke and Langy. Labor became Liberal and visa-versa and choices disappeared.
Milton Freidman in 1982 said; “Only a crisis – actual or perceived – produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.”
Change is on.
About Rowell Walton
Import Replacement. An Option For Economic Recovery
The proposition that “the time for new ideas has arrived“, is highlighted by the Federal Coalition Government, now advocating deficit spending to achieve higher economic activity and ultimately employment. They are even asserting higher employment is required to lift wages, yet they have been through time, perhaps the most vociferous advocates of austerity and wage
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Toward a Stable Farm Sector – Multi Peril Insurance
Farmers First began life with the intention of facilitating the delivery of a Multi Peril Insurance product for the cropping sector around Australia, and once bedded down, rolling it out to other cropping and then livestock industries. Most of the rest of the developed and even developing world has this insurance cover, and in many
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Covid-19 Structural Reform Debate
Economist Ben Rees from Queensland has advanced the debate about the post Covid-19 Australian Economy. His paper provides a disturbing graph showing underutilisation of workers through time, effectively making the point that the underutilisation rate confirms terrible inefficient use of Australian Labour. The strongest point to take from Bens work is his empirical record of
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