Originally posted at Australian Real Progressives
By now you have probably noticed Australian Real Progressives has a rather heavy focus on jobs. This is because 2 million Australians are looking for work or more hours.
“So far as it can humanly contrive, never again will the dole queues be seen in this country. Never again will competent workmen stand idle for months and years while limitless work remains to be done. Never again will young men drift hopelessly from town to town and from State to State, searching for the jobs which, in all this wide land, did not exist for them.”
Ben Chifley, 1949.
Andrew Leigh is an incredibly nice guy and I used to follow his blog before he entered parliament. He had many very useful statistics on that blog which I believe you can find at PreviousLeigh (see a sense of humour too).
Unfortunately as a practising economist he has zero understanding of Modern Monetary Theory (MMT).
See and read more at Australian Real Progressives
In my previous post I outlined why jobs don’t come from rich people: capitalism runs on spending (sales), not savings. Job opportunities appear naturally when businesses forecast sales growth and expand output accordingly (and similarly disappear under reverse conditions). When viewing the economy as a whole, we can observe that private sector investment responds to rising incomes and spending as entrepreneurs expand output to match market demand and banks have confidence lending. In the absence of spending growth, accumulated savings do nothing.
The thing is, Democracy will end.
At some point the current dominant expression of Democracy – Universal Franchise with mass political parties and redistributive taxation – will fail to deliver solutions to urgent problems: Climate; Migration;War; National Sovereignty – and it will be discarded for something else.
Talking Politics
I have just discovered the excellent Podcast Talking Politics which discusses UK, US and European and International Politics.
You must subscribe to Talking Politics. It is put together by David Runciman of Cambridge University and provides commentary and analysis in the best British academic tradition – informed, fair, objective, funny. It is absolutely brilliant.
I have awoken with the urge to blog for the first time in many moons and offer you this otter doing a backflip at Capron Park Zoo in Massachusetts.
A shorter version of this post (with proper spoiler alerts) was first published at ACRAWSA blog on 7 June 2019. Many thanks to director Partho Sen Gupta and to Prof Alana Lentin for entrusting me with tix to a film on a Sunday night in Randwick (in the pouring rain! see review, below).
Love in the Time of Terror: Slam at Sydney Film Festival
Review by Ingrid Matthews
[Alert: Spoilers]
It’s a popular idea, but the revenue foregone from abolishing fares in a city like Melbourne would have a bigger impact if it were instead spent on improving public transport to make it more competitive with driving Should public transport fares be abolished?
This is Part 3 of my “Uninformed Speculation” series on the 2019 Federal Election.
According to the ABC election calculator, there was a 0.8 percent swing against the Liberal Party and a 1.0 percent swing against the Labor Party. The Liberal party leader is the prime minister and the Labor Party leader is headed for the back bench.
Where did the votes go?
Following on from my uninformed speculation about the Federal Election result I would like to add some uninformed speculation about the new Labor Leader and Deputy Leader.
The result will be: ALP 74 LNP 71 GRN 2 OTH 4 CLIVE PALMER 0
which means a ALP Minority Government supported by two Greens, Andrew Wilkie and Rob Oakeshott. Oakeshott will become Speaker. You heard it here first.
How We Will Get There
The 2016 result was LNP 76 ALP 69 GRN 1 OTH 4