Correcting political ignorance and misperceptions

Apparently, voters hate fiscal deficits, associate them with squander and want them to be cut, so that nations can live within their means. Any attempt to run foul of that essential wisdom will come to grief. So all you ‘left’ types – yes, those in the British Labour Party that means you – forget your little grass roots rebellion and confirm to the austerity norm. The UK Guardian article (August 4, 2015) – Anti-austerity message will not win over UK voters, poll shows – reports on a poll conducted internally by the British Labour Party that allegedly “shows Britain’s voters do not back an anti-austerity message but instead believe the country must live within its means and make cutting the deficit its top priority.” If you believe that you would believe anything.

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Jeremy Corbyn must break out of the neo-liberal framing

Two articles in the UK Guardian this week summarise what is going on with the British Labour Party at present. The first (August 3, 2015) – Jeremy Corbyn’s supporters aren’t mad – they’re fleeing a bankrupt New Labour – refutes the notions propagated by the previously dominant ‘New Labour’ factions that the Left of the Party are in some way mad, deluded, or otherwise sick. Instead, it argues the Left are part of a new “grassroots political movement” reacting to the bereft nature of New Labour which is without a “clear vision, or a set of policies, or even a coherent distinct set of values”. The second article (August 3, 2015) – Corbyn’s economic strategy would keep Tories in power, top Labour figure says – provides proof of concept. It is written by the Shadow Labour Chancellor Chris Leslie and reflects an abysmal understanding of macroeconomics that only a deluded free-marketeer would dare suggest had anything to do with reality. The article demonstrates that the top echelons of the British Labour Party parliamentary wing are caught in the destructive neo-liberal Groupthink economics that not only caused the GFC but has also led to austerity being the norm for policy makers these days. And there is no doubt that it is a failed doctrine and not worthy of a progressive opposition. The new “grassroots political movement” is reacting sensibly to the intellectual carnage at the top end of their Party and lets hope it is triumphant and purges these ideas from Labour forever. But, first, it must break out of the neo-liberal framing that is pervasive in its first major statement.

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British Labour must escape from its austerity lite prison

I imagine we have all been keeping an eye on the evolving sham that is the British Labour Party election contest. When former leader Tony Blair, who will be forever remembered as being George Bush’s ‘poodle’ when he took Britain into the illegal invasion of Iraq and left a destabilised region, came into the fray urging party members to get a heart transplant if they thought supporting Jeremy Corbyn was an option, things turned really nasty. There has been a plethora of attacks on Corbyn alleging he is part of a sinister, return-to-Soviet control type candidate, an hysterical communist who wants to take Britain back to the dark ages, and more. What it tells me is that the Tories fear Corbyn as a candidate and would prefer the austerity-lite options like Liz Kendell to become leader because they know she won’t cause much trouble. What worries me is that Corbyn articulates a progressive set of values but might not yet have the macroeconomic understanding to defend them against a media attack primed to vilify anything that is not right-wing. British Labour must escape from its austerity lite prison but to do that they have to surround Corbyn with people who understand how the monetary system operates.

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Time to end the human rights atrocity in Gaza

There were three new data and analysis releases in the past week in advanced Western nations (the US, the UK and Australia) that indicate that the policy settings that are in place are not delivering prosperity and should be changed to allow governments more fiscal freedom to stimulate growth. But while these nations continue, variously, to endure the costs that the wrongful policy settings have wrought, a World Bank report issued last week (May 27, 2015) – Economic Monitoring Report to the Ad Hoc Liaison Committee – allows us to understand a little bit (in numbers and narrative) the terrible (“staggering”) cost of the blockade on the Gaza economy and living standards of the Palestinian people in that region. The plight of the advanced world is nothing by comparison, not that I want to get into a relativist defense of the situation in the advanced world.

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The existential crisis of Labour-type political parties

At one point in my student days anyone who wasn’t reading Marx on a particular day, was reading Satre, Camus and Merleau-Ponty, among others, at least in the groups that I mixed in. But then they were also reading Dostoyevsky. Whichever way – they learned a lot about class conflict and existentialism. Labour-type political parties might reflect on the concept of an existential crisis because the declining electoral fortunes around the World are of their own making and reflect a lack of identity and certainly little ‘essence’. These parties have lost their meaning and purpose of existence and everyone knows it. The reasons are relatively straightforward. They have bought into the free-market myths and demeaned the role of the State. They now only argue about how much fairer their version of fiscal austerity will be relative to the conservatives, never challenging the underlying lies that drives the austerity agenda in the first place. Here are some lunchtime thoughts on the matter.

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Crikey, why is it is honourable to deliberately increase unemployment?

Knighthoods are handed out as part of the anachronistic Commonwealth honours system. They are an ultimate symbol of cultural snobbery in the UK and cultural cringe in the former British colonies, such as Australia. The Australian government effectively abandoned the system in 1983 because it insulted our sense of independence even though the Monarch of England remains our head of state (why?). It was formally abandoned by agreement with the British government in October 1992. But the creepy conservative government that took over again in September 2013 decided to reinstate the system of imperial honours, specifically to resume the award of Knight and Dame in March 2014. This demonstrated how out of touch the conservatives were. The criticism reached fever pitch a few weeks ago – on Australia Day (January 26, 2015) when it was announced that Prince Phillip (the Queen of England’s husband) would receive a Knighthood, the nation’s highest honour, from the Australian government. Why? Because our Prime Minister is unbelievably stupid but that is another debate beyond of the topic of today’s blog. This UK Guardian article – How giving Prince Philip a knighthood left Australia’s PM fighting for survival – will fill you in on that decision if you are interested. Now a so-called media watchdog, the Australian media site Crikey thinks the Federal Treasurer should be awarded a Knighthood if he can further undermine economic growth and deliberately cause unemployment and underemployment to rise further, not that they said it like that.

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Inequality and growth and well-being – revolutions have occurred for less

Canberra is Australia’s capital city – a created city located in the Australian Capital Territory (ACT) to house the federal government and its bureaucracy. Official – data – shows that in 2013, the ACT has the highest household incomes of any state/territory, the highest household net average net worth and is heavily dependent on its wage and salary income. It is now a focus of federal government employment cuts which are forcing thousands of workers onto the unemployment queue, with little prospect of alternative employment at this stage given the general state of the economy. Over the weekend, I saw a news segment which documented the increased access of Canberrans for emergency food relief over the last 12 months. More than 10 per cent of the population in one of the highest income per capita cities in the world are below the poverty line. How can that be?

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G20 meetings and structure part of the problem

There are parallel universes operating when it comes to neo-liberal politicians attempting to deal with reality. The G20 Finance Ministers and Central Bank Governors concluded their weekend talkfest in Cairns yesterday and you might be excused for thinking there is a jobs glut across their economies. As an aside, fortunately, this pathetic lot of individuals were meeting about as far north as one can go on the Australian continent, which meant they were kept out of the civilised parts of the nation where the rest of us live. Given Australia is currently hosting the G20 this year, the event gave our buffoon of a Federal Treasurer the chance to bathe in the limelight and deliver the major press conference.

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When the left became lost – Part 1

I read a book a long time ago (1994) called “The Principle of Duty: An Essay on the Foundations of Civic Order”. I note it was republished in 2009. The book by David Selbourne – who is a British philosopher and these days writes regularly for the British Magazine New Statesman. His latest article (July 24, 2014) – How the left was lost: the need to relearn what true progress means – reprises the argument made in his book. He has been making the argument for a long time, which, in itself is not a bad thing if it a reflection of a good idea being ignored. At the time I read the book the Dark Age of neo-liberalism that we are within was forming but its internal contradictions had not yet manifested fully. But the left had certainly lost direction by then, getting caught up in a Post Modernist haze with career politicians and their union buddies abandoning progressive principles and, instead, adopting neo-liberal economic stances to prove that they were ‘responsible’. The aim – to get power. That was the end game. Selbourne’s book and current article captures a lot of that but, I think, also misses some vital parts of the story.

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A trail of misinformation and manipulation

Last week, the national broadcaster ABC’s Media Watch program – Up in Smoke – took aim at the Murdoch press (in particular, the Australian newspaper) for misleading reporting. The News Limited rag (it is barely that) has been running a campaign via headline claiming that Australia’s world leading laws on plain packaging of tobacco products have failed. Of-course, News Limited is just the conduit. Lying behind the headlines are rather secretive right-wing think tanks who pump out propaganda every day which aims to undermine government intervention and activity in favour of the industrial and other interests that just happen to fund the propaganda. These organisations hold themselves out as being non-partisan and independent – only offering an evidence-based viewpoint. The only problem is they clearly do jobs for bobs and manipulate ‘evidence’ to the point of absurdity.

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