"Should we all stand in a circle and give three cheers to the people who voted in a basically stupid communist style government"
Here we have one more example of the delusional state of the little right-wing sectarian clique dominating the economic discourse in this forum.
A party that embraced the neoliberal ideology with great gusto, the patty that floated our dollar, did very little to offset the deregulation of our labor markets, that privatized our Commonwealth Bank plus our state banks, that privatized our Telecom Australia, our state electricity commissions, our GIOs, etc., etc., being called a "basically stupid communist" party.
For those that do not know, the term communism refers to an economic and political system based on the collective, common, or public ownership of the means of production.
"Crucially, Humphrys identifies the Australian agents of this political project not in the Liberal Party, but in the mainstream of the union movement and the Labor Party. This is an important difference between the Australian experience of neoliberalism, and that of the United States or the UK, where the policy shift was introduced by Reagan and Thatcher, respectively...".
