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Neo-liberalism is dead? |
Mathatmacoat |
02/02/09 |
It seems that yet another politician has decided that the debate is over. In his recent dissertation Mr Krudd has decided that neo-liberalism is dead
http://www.smh.com.au/news/opinion/gerard-henderson/rudd-neoliberal-with-the-facts/2009/02/02/1233423132293.html
What I have to say is it is going to take more than asperational comments from Rudd who stayed home from Davos to polish and deliver his oration to kill off rampant greed on Wall Street. I personally like the idea, I think floated by Obama, that no CEO should be paid more than the President, that would take down some US high flyers, and if applied in Australia would certainly send a few imported CEO's back where they came from, which considering the damage done here wouldn't be too soon.
One wonders what comes after neo-liberalism, If one listens to Rudd it is neo-interventalism, a system in which government intervenes to smooth out the bumps in the cycle. In fact, I think Keven would elimate the bumps in the cycle. Boring, Mr Rudd, Boring, and it smacks just a little of the controlled economies of the soviet era. I think you may have learned a little too much from your stay in China
So what should the post finacial debacle of the early twenty-first century look like? A tightly regulated banking sector? Free spending governments poring your money into "infrastructure" with every second worker in construction? Monolithic national projects building railways thru nowhere to nowhere, thermal generation and solar generation in the vast interior, has the snowy project taught no one any lessons? Social engineering programs like insulation of every house? every student with a computer and a volunteer job at the end of university? high speed broadband in every home? homes for the homeless? hospitals in federal hands? the nationalisation of the Murray-Darling river system?
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