In his article " ‘Chalming’ no one: Labor romances communism" http://www.spectator.com.au/2023/01/chalming-no-one-labor-romances-communism/, economist Alan Moran describes Treasurer Jim Chalmers as the most iconoclastic treasurer since the Whitlam government's Jim Cairns: a man who joined the ALP "after his application to join the Communist Party was rejected". Many of us suffered under Cairns, who "assaulted conventional capitalist economic theory", just as Chalmers seems keen to do if his 6,000 word essay, plus media reports, are any guide.

. Borrow. Spend. Regulate.

. Replacement of naturally evolved markets with 'collective' decisions by corporates, governments, unions, and 'community groups' via 'newly forged markets'.

. Replacement of the rule of law and property rights.

And if all this "sounds like socialism and its near cousin, fascism", that’s what it is, according to Moran.

It all comes back to the renewables mania which, despite the "$7 billion a year" subsidies, won't be brought about without non-market manipulation by Jimbo and Albo.

The manipulation and government interference in the market will include "new purchasing preferences for renewables, subsidies to renewables energy transmission, and a new carbon tax". This this tax will require over 200 businesses to reduce their emissions by "30 per cent by 2030".

Shades of the "Workers’ Paradise" that drove previous Leftists to fiddle with the market and dispense with entrepreneurial individuals and private enterprise, replacing them incompetent bureaucrats and Government.

Change the economy ? How & to what ? There's only one way to achieve a sustainable economy & that is by narrowing the salary gap between producers & consumers !
The idiotic "Growth" mentality is the single biggest hurdle in bringing back manufacturing & a level playing field.
Introduce merit based selection for senior bureaucrats instead of seniority based. Do away with the Peter Principle in every Department & within moments improvements will be obvious !

ttbn, wheels out yet another one of his nut jobs, this time its a Alan Moran, a ex dick from the far right 'Institute of Public Affairs'. When these "economists" start labelling a moderate politician like Chalmers, someone who needs no defending, as a "communist" you know something is out of wack, something is wrong, in this case its Alan Morons thinking. For these extremists its all, "reds under the beds" nonsense. The crack pot even goes to the extraordinary length of evoking the ghost of the long dead Jim Cairns, please give me a break. These old cold war warriors and their discredited beliefs.

ttbn,
>Replacement of the rule of law and property rights.
I'd be surprised if he doesn't sue The Spectator for libel!

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Indy,
You seem to be trying to outdo Alan Moran's absurdity!

>There's only one way to achieve a sustainable economy
Actually there are lots of ways...

>& that is by narrowing the salary gap between producers & consumers !
...and that's not even one of them. Indeed it's quite meaningless as most people are both.

>The idiotic "Growth" mentality is the single biggest hurdle in bringing back manufacturing
There's absolutely nothing idiotic about wanting the value of the work done in this country to keep increasing.

>Introduce merit based selection for senior bureaucrats instead of seniority based
They did, decades ago.
What will it take to get you to stop assuming that the Public Service hasn't changed in half a century?

If nothing else, my threads further expose the barking mad, Loony Left posters and their ideology claptrap.

The Socialists no longer try to defeat capitalism: they capture it. Socialists can be rich, not like the true capitalists who take risks with their own money, but through political patronage, and access to other people's money - e.g the billions of dollars that workers are forced into putting into superannuation. There is over $3 trillion in Australian super funds. Until workers retire, all of this money is 'owned' and controlled by the Socialists.

Not only is Gough Whitlam's ghost influencing the Far Left Labor government, but Doc Evatt is also playing with the simple minds of Jimbo and Albo.

But, the still living CEOs of Corporate Australia are the commo-like Treasurer's best little helpers in his quest to take control of capitalism. There tacit approval shows how big money people can be comfortable with, and profit from, Socialism. It works in Communist China. Labor wants to give it a try in Australia.

Jimbo has also announced that King Charles will not replace the Queen on the new five dollar note. The note will be designed to "honour" indigenous Australians, who ever they are, given that the last of them died out over two centuries ago.