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Why Labor lost : Comments
By Marko Beljac, published 29/10/2013The assumption that the Liberal Party is the party of pragmatic self interest, and Labor the party of conviction, has been reversed.
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The Liberal Party has at least a glimmering of understanding that the money supply is not fixed, and can be increased -- or diminished -- via government policy. They show a rudimentary understanding of the fact that some people work harder than others, and some contribute more value to our society than others -- not necessarily the same thing. Their approach is to try and enlarge the pie rather than attempting to make sure that everybody gets exactly the same-sized slice. In short, they understand 20th-Century economics, and have at least one foot in the real world.
Australia regularly shows its collective wisdom in electing Labor governments when unfairness and injustice becomes a major problem, and kicking them out again as soon as the problem is alleviated. Unless and until Labor returns to the real world, this cycle will continue indefinitely.