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Laberal politicians should be condemned for their wholesale abandonment of the Australian people to the rapacity of the banks, the gross individuals who sleaze around the mining industry, shabby, scabby, sweatshop-seeking labour importers, looting of gas reserves for foreign sale without regard to domestic need, grossly inadequate regulation, systematic flogging-off of large, strategic and profitable government business enterprises, and so many others (Wake up now from a Dutch disease stupor, November 19).
Not having an effective and interventionist socio-economic strategy is very costly for any small, open economy, be it Greece or Australia. Greece, much discussed, is simply facing the future most countries will face as resources become more expensive and the bill arrives for decades of debt-driven "growth". It needs socialism, not criticism.
Our political class are clearly desperately eager to sell Australia out to transnational capitalism. As a group, politicians appear to believe that any deal that enriches the rich is a good deal – the non-rich, and physical and social environment can look after itself. Thus the sacrifices of industries to the rapacity of transnational capitalism favoured by the Laberals and endorsed by the same employer groups (e.g. the AiG) that profess to be concerned about these issues. We need more independents, not less, and fewer Laberals.
Over the past 10 days there has been a fair bit of comment on just how "undemocratic and unrepresentative" the Government is China really is. However although Magna Carta was signed over a thousand years ago developments since then have not been encouraging for democracy and representation. (Wake up now from a Dutch disease stupor, November 19)
Who would have thought that Unions could hijack a Government with the result that a significant majority of the population would have to face the concequences of irrational policies and massive debt?
Remove GST exemptions and abolish the baby bonus. That'll free up plenty of money for social services like the NDIS etc. (Wake up now from a Dutch disease stupor, November 19)
Yes, that disease has been widespread since the beginning of the recent mineral boom through economic blood veins big and small like exchange rate, unit labour cost,interest rate accompanied by declines of non-mining industries. Late alarm is better than never! Lota congrats to Robert! (Wake up now from a Dutch disease stupor, November 19)
While the ramifications of the giant US shale gas discoveries and the new 'US Saudi' are undoubtedly significant, is this type of gas costly to remove though given the 'fracking' vs traditional techniques to remove? If so, this may put a cap on lower gas prices. Same argument as 'have we reached peak oil?'- plenty out there but getting harder and costlier to obtain. (Wake up now from a Dutch disease stupor, November 19)
When the roman empire's pre-caesar (Wake up now from a Dutch disease stupor, November 19).
republic occaisonally became unworkable, they bit the bullet and appointed termporary dictators. If dutch disease is such an urgent and severe risk, then perhaps we must temporarily fix the currency at a lower level.
Yes, welcome to the reality, our unions and politicians will have to find the reverse gear(they dont know there is one) on salaries and taxes and fanciful projects and concentrate on learning how to plan and make (SHORT and long term) policies to develop resource(of all kinds), ...this is real economics, rather than killing jobs.
Unfortunately the current political crop cannot change much things, parliamentarians should leave the house and meet with the real world after two terms automatically.
(Wake up now from a Dutch disease stupor, November 19)
Funny thing Robert but I believe that both Wayne Swan and Glen Stevens were crowing from the highest places in the nation that the Mining Boom was not going to end (Wake up now from a Dutch disease stupor, November 19). You know, the "glass half full" rhetoric. So thank you for saying what I have been doing for several years and making it clear that the mining boom was a bubble waiting to burst. It will.
As far as being internationally competitive it bears remembering that Australia needs to remain competitive whilst not engaging in a race to the bottom. This is why the environment always loses. And ultimately what is the purpose of having a great economy when your world is dead?
Ok, so it is a paradox either way. But until you get an agreement between nations and sanctions on those who choose not to play ball then all you ever get is more of the same.
Im not sure about the dollar? (Wake up now from a Dutch disease stupor, November 19)
as i saw a disturbing graph in the AFR on tuesday the 6th of november and are surprised it got so little attention.
Exports for the year to june12 where iron ore at no 1 at approx 85billion
Coal at number 3 48 billion and right in the middle of it at 58 billion australian govt bonds that where purchased by foreign investors the dollar has little hope of falling when the government is one of the biggest exporters with currency.
Will some one finally wake up that this is the real reason for the hollowing out of the economy. the dollar cant find a floor against this type of stupidty.
Ben (Wake up now from a Dutch disease stupor, November 19), in the days when the government's overseas borrowing requirements were less than they are now, it was largey the banks borrowing overseas tens of billions of dollars a year to feed property buyers piling on more and more debt and in the process pushing house prices higher.
The demand for Australian debt, particularly AAA rated government debt is not the federal government's fault, and is primarily a function of there being less AAA rated options for investors globally.
The usual ALP bashing on this website is generally devoid of reason or sound arguments.
The 'laberal' govts have risked Australia's sovereignty in allowing the extent of foreign borrowing by the banks to finance - not business capital investment - but Australian consumption, including that cash cow, the property boom. Now that risk is heightened with foreign borrowing for Australian consumption via Federal bond issues (Wake up now from a Dutch disease stupor, November 19).
I believed the day would come, even when Howard was still PM and the GFC was still a future event, where the Australian taxpayer would be hung for the the criminally reckless policy and spending by both Federal and State governments, which recklessness continued to now. The political class of course would always be immune, for they receive luxurious (un)entitlements that aren't a result of their performance, but merely based on the time they could sucker the taxpaper to keep voting them in.
Australia's ecomomic tide is ebbing, for sure. We will all be caught naked, only because governments have stolen our clothes.