THE AUSTRALIAN GREAT DEPRESSION

Originally posted by moorookamick: ↑

Like God Botherers, ideologues start with preconceived notions and proceed to argue their bias regardless of facts.

If you want to laud Thatcher's gutting of the trade unions in the 1980s under the guise of Neo-Liberalism as been good for UK business , then you have to be honest and admit that this did not save British manufacturing or the British economy generally. On the contrary, manufacturing behemoths like Germany that supports trade unionism have prospered and wiped the floor with Pommy auto manufacturing , engineering etc (Siemens Merceded Benz, BMW & VW.)

"Since the early 1990s(post Thatcherism) many British car marques have been acquired by foreign companies including BMW (Mini and Rolls-Royce), SAIC (MG), Tata (Jaguar and Land Rover) and Volkswagen Group (Bentley). Rights to many currently dormant marques, including Austin, Riley, Rover and Triumph, are also owned by foreign companies" (source Wikipedia)

One of the reasons given (reluctantly) by our Neo-Liberal Morrison Government for slow economic growth and deflation is the failure of real wages to keep up resulting in increasing personal debt.

The truth of the matter is that successive Aussie Governments have followed the USA mantra of following "the free market " rather than following countries like Germany , Korea, Norway, Singapore etc whose Governments lead the market.

The current Corvid debacle clearly highlights how close the average Aussie is to the breadline and let's hope that it is a wake up call for working class Aussies to stop voting for Neo-Liberals who still subscribe to an absurd "Trickle Down" economic theory; that is support big buisness and the benefits will trickle down to the working stiffs. This is absurd because big corporations have a generalised mission ;Make as much Money as possibel" even if that means replacing workers with technology and outsourcing labour to the third world.

What is Ms Reinhart, Twiggy & the Pratts doing now? They are propably checking the matress for squirrelled away cash to pick up unfortunate businesses that have been gutted by the Corvid recession and bugger the working class.
(Pssssssst: The Billionaire's Silence is deafening)

We are likely to increase our National debt to 100% of GDP over the next year and guess who's going to pay? Will the Minerals' Council of Australia
(75% represented by foreign companies) withdraw its claim for lower Aussie Taxes and advocate that its members chip-in an extra 10% tax to reduce financial hardships of the average Aussie?.....pigs ass they will!!

Perhaps our youth will wake up and hit the streets about their future being just as good as their next paypacket rather than marching for silly Global Warming and Climate change.

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Oil crashing to record level lows $-35.20 that's insane..almost giving away as free chips..