The rise of main-stream NuZiland's neo-casual crypto-fascism
We are all Keynesian now, yet this Government continues to implement free market reform through mass privatization not only of the assets we own, but the public services we provide from prisons to social welfare. The enormity of sub contracting so much of the Governments responsibilities to corporations who in turn gain vast power over those unfortunate enough to now become the newly criminalized poor is simply not receiving the serious debate the media should be bringing it.
Media starting to ask hard questions for the first time in nearly three years about draconian welfare pogrom? Hey isn't that a Rugby Story about a fake cup? Welcome to the next two bloody months!
ADIDAS + abstaining + fake cups = manufactured chatter. No one mention mass privatization by stealth measures resulting in Poverty photo ID cards for 16 and 17 year olds that will be expanded to all beneficiaries? I mean - WTF?
We are implementing this free market uber allas onto the masses right when this exact type of free market dogma is what led the global economy off a cliff, the man who predicted it, and has continued to call it in today's Slate, Dr Doom himself, Nouriel Roubini...
To enable market-oriented economies to operate as they should and can, we need to return to the right balance between markets and provision of public goods. That means moving away from both the Anglo-Saxon model of laissez-faire and voodoo economics and the continental European model of deficit-driven welfare states. Both are broken.
The right balance today requires creating jobs partly through additional fiscal stimulus aimed at productive infrastructure investment. It also requires more progressive taxation; more short-term fiscal stimulus with medium- and long-term fiscal discipline; lender-of-last-resort support by monetary authorities to prevent ruinous runs on banks; reduction of the debt burden for insolvent households and other distressed economic agents; and stricter supervision and regulation of a financial system run amok; breaking up too-big-to-fail banks and oligopolistic trusts.
Over time, advanced economies will need to invest in human capital, skills, and social safety nets to increase productivity and enable workers to compete, be flexible, and thrive in a globalized economy. The alternative is—like in the 1930s—unending stagnation, depression, currency and trade wars, capital controls, financial crisis, sovereign insolvencies, and massive social and political instability.
...what our free marketeers don't get yet (or are willfully ignorant off) is that we are in a unique crises of capitalism and that if we have any hope of weathering this we can't expect the implementation of this failed ideology is going to produce anything short of a screaming failure.
Sleepy Hobbits reap what they sow.