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The Forum > General Discussion > Welcome back Malcom, not before time i might add.

Welcome back Malcom, not before time i might add.

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[cont]
Even just 1 of these issues above would equate to our country having shaky foundations.
And with all 3, we face building collapse.
Posted by Armchair Critic, Thursday, 2 June 2016 11:16:46 AM
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Armchair Critic,

" Left wing craziness is our society collapsing under our feet."

Au contraire....

It turns out that it's right-wing craziness that is the culprit.

"Austerity policies do more harm than good, IMF study concludes"

http://www.theguardian.com/business/2016/may/27/austerity-policies-do-more-harm-than-good-imf-study-concludes

"A strong warning that austerity policies can do more harm than good has been delivered by economists from the International Monetary Fund, in a critique of the neoliberal doctrine that has dominated economics for the past three decades. In an article seized on by the shadow chancellor, John McDonnell, the IMF economists said rising inequality was bad for growth and that governments should use controls to cope with destabilising capital flows."

"The benefits in terms of increased growth seem fairly difficult to establish when looking at a broad group of countries,” they said. “The costs in terms of increased inequality are prominent. Such costs epitomise the trade-off between the growth and equity effects of some aspects of the neoliberal agenda.­

“Increased inequality in turn hurts the level and sustainability of growth. Even if growth is the sole or main purpose of the neoliberal agenda, advocates of that agenda still need to pay attention to the distributional effects.­”

"The International Monetary Fund has summarised what a growing consensus among economists across the globe now think, that Osborne-style austerity economics increases inequality and instability, and undermines growth."

A capitalist consumer society depends on "growth" for survival. It's fairly obvious that if you remove the power of great swathes of society to spend and consume, you in turn nobble the system which has depended, post WWII, on conspicuous consumption to fuel growth.
Posted by Poirot, Thursday, 2 June 2016 12:53:43 PM
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I'm not so sure Armchair Critic that the coming Islamic take over of Oz will be such a bad thing. It will certainly cure many of our problems.

To start with, they are not too interested in giving anyone "sit-down" money, so they will probably fix the bludger element, perhaps even by beheading.

Womens lib will be a thing of the past, & they will definitely clean all the girls, teachers & students out of academia. That alone should fix the budget deficit. Get them out of high schools as well, & we'll have money to burn.

Prisons will no longer be a holiday camp for criminals, & the current slap on the wrist handed out by our new age judges will probably be carried out with a scimitar, rather than a powder puff.

Banning alcohol will probably mean a lot more kids get to eat regularly, & just think of all the money we'll save on razor blades.

I do suggest you convert to Islam before the take over, or you may not get the opportunity. You wouldn't want to lose your head over it, now would you.
Posted by Hasbeen, Thursday, 2 June 2016 1:32:43 PM
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Hey Poirot,
Thanks for your reply.
Let me break it down for you a little bit more so you fully understand what I mean.
Point 1 related to a sustainable financial system.
Point 2 related to the fabric of our social culture.
Point 3 related to religious stability (and compatibility)

So you're arguing a financial issue with a social one but I think they're separate issues.
The expense spoken about in regards to HECS debts isn't the source of the financial problem, though it is a mismanaged burden on the taxpayer.

Our system (democracy) is one where welfare can potentially keep voting for a better deal until they become the majority.
If our politicians pander to those voters for their votes then there is nothing to stop the system eventually imploding and the austerity you mentioned will become inevitable.
The only thing that could stop it is if every worker or taxpayer went on strike and ground the country to a halt to force a change.

The systems not built right to begin with.
It has the seeds of its own destruction built in.

What do we need debt for anyway?
We have money coming in frequently and we have money going out frequently.
If politicians cant figure it out and get it right then they shouldn't be in the job.
The only reasonable explanation for this failure is incompetence, and we allow it.
The systems not built right.
Posted by Armchair Critic, Thursday, 2 June 2016 2:28:41 PM
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Sadly Has been you are probably right. I mean how else would we see an end to the entitlement brigade, Tony Abbott tried, and look where that got him.
Posted by rehctub, Thursday, 2 June 2016 4:43:34 PM
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Yes it's all very sad about Abbott, wanting to take us in the direction of Singapore. I don't know if we need ghettos on the outskirts of town.

That is what the populace through their public opinion against and that is where it got Abbott.

At least we keep unemployment figures, which is a gauge of where we are as a society.

Butch I am not in your way of thinking and neither is the majority of Australians.
Posted by 579, Thursday, 2 June 2016 5:47:57 PM
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