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Monday 17 February 2014

Progressive Utopia

Tim Dunlop

"And yet this is where we are heading, mere months into the first term of an Abbott government. We are, as a nation, being transformed from a society into an economy."

"Changes to superannuation that favour the rich over the low-paid; abolishing a pay rise for low-paid workers in the childcare sector; abandoning the Gonski reforms that set in place a more equitable funding scheme for public education; floating the idea of a Medicare co-payment for GP visits; gutting the NDIS: all of these point to a government trying to restructure the economy not for the benefit of the many but for enrichment of the few."

All of this stuff is absolutely 100% correct. The same state of existence as Europe with double-digit entrenched unemployment exacerbating an oversupply of labour driving wages down to where the elites like to have them: at subsistence level.

This is "The invisible hand of the market" in action. Adam Smith foresaw this effect and did not recommend its application but the mythology constructed by the elite to maintain its dominance extracts this phrase out of context and uses it for their purposes.

John Maynard Keynes envisaged a capitalist utopia where production in the capitalist market had been allowed to create a materialist abundance where all could live well and good. The advanced economies of the world have already achieved this utopia but it's effects are being held back by the devious tactics of the ruling elite because in such a utopia t.heir elite status may not necessarily be maintained.

We await our nirvana generated by the coming of a new leader of great charisma, insight, and ability.  

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