tag:blogger.com,1999:blog-5952277586613848648.post4597899780375133210..comments2024-03-02T11:36:17.816-08:00Comments on ALP Socialist Left Forum: 'Class War' from Labor? Or more Liberal Lies?Vaughann722http://www.blogger.com/profile/11604027151490275320noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5952277586613848648.post-19010369052014606232017-08-07T19:35:04.454-07:002017-08-07T19:35:04.454-07:00As a social democrat I prefer sensible compromise.... As a social democrat I prefer sensible compromise. I do not find a spirit of sensible compromise or much moderation in the neoliberal class war waged by the Davos set the billionaire class or the managements of the billion dollar corporates. Now in the 1960's under a moderate regime of Menzies, efficiency in energy and water utilisation was recognised by natural monopolies owned by the states. Where service was an issue, there were state banks, private banks, a Commonwealth bank, limited competition which enabled small business and theoretically cooperatives to exist without too much power in the local People's Bank Manager. Ansett and TAA conducted similar limited competition with proper staffing of maintenance for safety.<br /><br />Yet the greed of the 1% has undone all the compromises of the 50's and 60's. In economic theory there are sellers markets and buyers markets. Too much competition can lead to a buyers market and either workers or farmers or business get squeezed by take it or leave it deflationary delayed purchase threats by buyers. One theorist reckoned three big competitors were the ideal and in the USA this manifested itself as Ford General Motors and Chrysler. Nowadays economic results in competition theory, based on suboptimal equilibria arguments, are disregarded. We see simply the 1% ripping out the guts of everyone else in pure greedy lust for money.<br /><br />Whitlam did make some modernisation reforms but his unilateral tariff cuts and floating of the currency and fiscal looseness did some harm to the mixed economy beloved of Keynesian theorists.<br />Anonymoushttps://www.blogger.com/profile/15608517377129107535noreply@blogger.comtag:blogger.com,1999:blog-5952277586613848648.post-2437286857805702332017-08-07T15:47:11.927-07:002017-08-07T15:47:11.927-07:00Credit Suisse research shows that the top 1 per ce...Credit Suisse research shows that the top 1 per cent of Australians own more wealth than the bottom 70 per cent combined. A progressive tax on the wealth of the upper 10% is the tool I would prefer to see legislated. The exploitation inherent in the wage system guarantees an inequality of wealth possession between classes. Labour produces all the wealth of Australia (outside of that embedded in nature) and it does so in exchange with capitalists who are buying the skills labour has to sell. The question is: why do the 90% who are in the working class acquiesce to this bondage?Mike Ballardhttps://www.blogger.com/profile/05410520975856239745noreply@blogger.comtag:blogger.com,1999:blog-5952277586613848648.post-49640247187105540732017-08-07T06:39:39.040-07:002017-08-07T06:39:39.040-07:00Thanks Scott ; it heartens me to see people are re...Thanks Scott ; it heartens me to see people are reading what I've written. :) That's the point - the blatant Ideological double standard. If we don't confront the double standard we (in Labor) will become victims of it.Vaughann722https://www.blogger.com/profile/11604027151490275320noreply@blogger.comtag:blogger.com,1999:blog-5952277586613848648.post-3806106428477771572017-08-07T06:27:53.332-07:002017-08-07T06:27:53.332-07:00Great Article Tristan.
What gives me the shits is ...Great Article Tristan.<br />What gives me the shits is why is it "class warfare" when it effects the wealthy, yet reducing penalty rates, harder to get and low welfare payments, that have a negative impact on the poor are not "class warfare". <br />Anonymoushttps://www.blogger.com/profile/10102478267887226079noreply@blogger.com