We live in a world where vast masses of capitol go around the globe in search of a profit return, and then the process begins anew. Capitol that is invested in factory production today seeks its greatest return through cutting jobs and conditions. That process known to workers as faster, faster, faster, whereby fewer and fewer must do the work of many along with the removal of any conditions that hinder the rate of exploitation. It is this process that wields the axe: the never-ending pressure to eliminate jobs, extend the lengthening of the working day and leave a potential workforce on the dole, fallow and idle. Billions of people globally produce all the wealth in society but governments are driving masses into poverty with more to come.

To this, we could add that large amounts of capitol scour the world endlessly, for the higher rate of return, irrespective of what that entails, such as plundering the resources of weaker nations or the expanding war industry contractors. This industry is highly profit motivated and attracts a type that seeks or leans towards a military solution. There is also a vicious grasping layer in the stock markets who demand access to the nation’s resources such as water, electricity, gas, hospitals, Medicare, ambulance, dental, universities, pre-schools, schools, fire engine services, all types of pension entitlements. Over a hundred years of political lies that weep “no money” has overseen a social system of entitlements and trusts that we pay two and a half to three times over - largely handed over to the politician’s cronies. Despite all the fraudulent lies and political cover that serves to shield, this is still grand larceny

good post johncee1945,

The private equity takeover of the already privatised QANTAS is nothing more than an attempt to steal the livelihoods of thousands more of QANTAS's workforce, by exporting thier jobs to low wage economies. What little, if any, benefit that consumers may get back will be inconsequential compared to the devastation that this will cause to the lives of QANTAS's workforce and, indirectly, to the broader community.

In any case, is an economy viable, if all of its workers, whose jpobs ae not exported, are on third word wages? That is where we are headed if this trend is not stopped.

Hi Dagget, yes you make good points. Firstly the governments globally, defend the profit system, turning everything into dollars oblivious to the ramifications on workers jobs and crucial air safety. What at first seems weird and illogical, is only the politicians method of profiteering being worked out. This takes the form of undermining the most vital and life threatening safety procedures and maintenance. After all, it is difficult to think of something that has more physical stresses placed on them than planes. And surely, after a couple of decades of constant cuts to vital maintenance this must be a potent if not deciding factor in many of the aircraft accidents that have taken place around the globe? Their standard response to accidents is to have an enquiry designed to whitewash and exonerate, a cover up that clouds the underlying causes.Qantas had an excellent safety record, on par with the best in the world, over a very long period. Chiefly, it was through the sacrifice of workers mostly through strike action that buttressed that record over the constant government attempts to put profits and cost cutting before safety - both Labor and Liberal. For instance, brazenly in 1988 the Hawke Labor government put the wrecking hammer into the Department of Civil Aviation that had regulated air safety for decades, replaced by the Civil Aviation Authority (CAA), with its thrust towards making a profit and market oriented. What is left of Qantas after it has been asset stripped is being hived off here and overseas.

Throughout the public service both governments have destroyed thousands of jobs – one job in every three. The big picture with these governments in wrecking the social infrastructure such as hospitals and Medicare, is to reduce not only the quality and richness of life, but life itself.

Yeah, but Johncee, I've always been of the view that you need to look at motive for these kinds of things. It's all well and good to say that privatisation is leading our economy in the wrong direction (I heartily agree with you) but the question then becomes, why are these politicians intent on doing it?

You speak of the profit motivation - yes, that drives everyone, but most politicians don't personally gain from their vote to privatise a company. Cynics can speak of bribery and campaign contribution shenannigans all they want (and these things do occur) but ultimately we are dealing with an ideology here, where those in favour of privatisation do genuinely believe it will lead to an improvement in services and is the better option.

I for one, believe that you need to confront the issue on these grounds - the case has to be made, that growth does necessarily hinge on deregulation. This is the mantra that drives this system - the trickle down effect of the rich economy.

Fred Argy recently wrote a brilliant OLO piece, and while the topic was income equity v economic performace, the issues are intertwined.

Mr. right then left turn you are providing a political cover for the politicians.
We are still dealing with a grasping layer of politicians who have an almost pathological hatred towards the social conditions in society. Mostly the politicians do things for gain, directly and indirectly, but not always, sometimes they laugh and cheer about closing down public facilities. They have a myriad advisors and they understand that there are consequences to what they are doing, such as, closing down wards or hospitals. And in the schools, the corosive attacks that have taken place in education by starving schools of funding. Look at two instances being childcare and primary. A significant layer of children in their ealiest years of development will be handicapped and left behind, not only in knowledge but elementary skills and problem solving. The politicians new before the invasion of Iraq that the weapons of mass destruction were lies, used to justify an invasion - they were briefed.

I do believe they have connections to agencies of world domination.One person to watch in our present gov. is turnbull with his smooth approach. Just follow the money trail.This is probably seen as a simplified view,but hey why look so deeply when it is shown on the surface? We should be able to tell our government "take back all the services where people depend on,like water etc." Privatisation is a BIG mistake! Whoever owns the water and food, owns the people.