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Labor must decisively reject austerity in its policy outlook : Comments
By Tristan Ewins, published 18/2/2016The announcements on negative gearing and capital gains tax concessions will save tens of billions over the course of a decade, and will go some way towards redressing the Federal deficit.
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'Tis your mind, not mine, that's closed. To find out why, read on:
I can understand how anyone too lazy to investigate the validity of the arguments against them could dismiss my economic theories as juvenile. But I'm baffled as to how they could possibly be "pseudo-Marxist"! What does that even mean? Some libertarians take "pseudo-Marxist" to mean anti consumerist, but I'm not anti consumerist.
Some Marxists use the term to denounce self proclaimed Marxists who they feel have deviated from Marx's ideas, but I've never claimed to be a Marxist. I don't regard Marx as as great an economist as Smith, Ricardo or Keynes. Marx did provide a fresh way of looking at things, so his work can be useful to economists, but his overreliance on the labour theory of value means his conclusions shouldn't be taken at face value.
Now, take a look at some of your alleged examples of the Left's managerial incompetence:
"Pink batts."
Improving the energy efficiency of Australian homes was a good idea, but underestimating the problems in getting the private sector to comply with safety requirements made it a monumental stuffup.
While it's convenient for critics to equate failures with managerial incompetence, a more reasonable approach is to accept there will be mistakes, and learn from the mistakes when they occur. This doesn't, of course, preclude trying to get everything right in the first place.
"Unwanted school buildings."
The School Halls scheme was excellent value in WA where the state government scrutinised every contract in detail. It was quite good value in SA, and IIRC in Queensland and Tasmania. It was only in Victoria and NSW, where the private sector managed the scheme, that huge wastage occurred. Surely the best lesson to take from this is that a capable public sector leads to greater efficiency than a minimal public sector?
(to be continued)