Tag Archives: Keating recession

After the virus, after neoliberalism: manage for quality of life, not quantity of stuff

[Published in New Economy Journal, 6 May.]

As Menzies foresaw, we have had economic anarchy, and both security and progress have disappeared.

A spirited contest of ideas has already started regarding how we emerge from the coronavirus shutdown. The Prime Minister is talking about ‘snapping back’ to what we were before. Some would like to use the crisis to jump to essentially an authoritarian corporate hegemony. Others would like to see a more sharing society with a more active government and embedded in a healthy natural world.

We are highly unlikely to just snap back, but if we want a more caring, equitable and durable society then we need to get clear about what needs to be done. Some are allowing that neoliberalism is dead, but few seem to be clear about what might replace it. Going back to something like our postwar system might be a good start, but we can do better.

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Hawke and Keating Set Australia, and Labor, Up for Failure

[Published at Pearls and Irritations 31 May.]

Labor failed, again.

It took on the most riven, brutal and monumentally incompetent rabble since Federation and still could not manage to beat them. This is a profound failure that requires a profound explanation. There is one, though it goes against decades of received wisdom.

The problem is the economic ‘reforms’ imposed by the Hawke-Keating governments are a failure. Our anaemic economy and divided society are their continuing legacy.

These claims are of course heresy. They sully the revered memory of Larrikin Bob. They contradict the economic and political mantras of the past thirty five years. Yet the evidence is clear and has been readily available for some time.

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