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The Forum > Article Comments > Consumer the fall guy for strangled capitalism > Comments

Consumer the fall guy for strangled capitalism : Comments

By Greg Barns, published 28/1/2009

Greater government intervention as a response to the financial crisis will be disastrous.

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Is it possible to have discussions about the economy without resorting to politics? First of all the economy has to work. No amount of ideolgy, insults and pure dogma are going to change anything.
It is like argueing about whether to drive Darwin or Melbourne. You are not going anywhere until you have a vehicle that works. When we have an economy that works we can decide where we want to go, but until then all this poly talk means fixes nothing.
Posted by Daviy, Wednesday, 28 January 2009 10:23:31 AM
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Greg
This is conclusion based on obsolete ideology looking for a justification.(political spin) try shock jocks and talk back radio
Daviy is correct this is just empty poli rhetoric.
Posted by examinator, Wednesday, 28 January 2009 10:48:39 AM
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Ronald Reagan got the politics right when he said: A recession is when your neighbour loses his job; a depression is when you lose yours.
Posted by GC, Wednesday, 28 January 2009 11:04:35 AM
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The last comment "consumers will be worse off" says it all. We are now to be known as "consumers", our activity within the economic structures confined to this activity, and all other functions and aspects of our lives invalidated. Thankyou Greg.
Posted by Gavan Iacono, Wednesday, 28 January 2009 11:58:30 AM
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The consumer is the little player or victim, not often the fall guy. Fall guy in the financial crisis is the union, or government. Business will lobby the government for money, its happening here with the foreign automakers, our people being punished for choosing the most efficient or best value car, not an overpriced shed on wheels. There will also be government financing of property developers, commercial property owners and speculators.

Can I get a cheap loan too, on soft terms? Or don't I have mates in high places?
Posted by Inner-Sydney based transsexual, indigent outcast progeny of merchant family, Wednesday, 28 January 2009 1:35:04 PM
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No Greg, you are not "exaggerating to say that the global economy will strangle itself if it returns to the bad old days of heavy state regulation and intervention because powerful lobby groups, be they union, business, or environmental, will do what they used to do in spades - ensure that through their seducing politicians, Joe Public is ripped off through poor service, high prices and reduced income levels.

Greg, these strangulation policies are everywhere in Australian State Labor Governments and their councils, you just have to look at the lost productivity within the restrictive land use and release policies on their way to deliver a poorer society which labor green left and their willing wonks have now delivered "on purpose".

And yes, they will run away again, with their super in place, at the nearest sound of these polices catching up with them.

Where can you find results of the so called competition reforms under labor? Nowhere except higher prices and prescriptive social planning, and not a Fitzgerald tweak to be found. As yet, silence is golden on political front, the heat is building in the kitchen and left green labor can only throw more fuel on the fire to try and cool things down.
Posted by Dallas, Wednesday, 28 January 2009 2:19:11 PM
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