Dear Reader,  we are indebted to Ira Maine for shedding a full light upon a very real problem. Please enjoy this next installment and wait in anticipation as our very own neo liberal merchant banker Malcolm XOX talks a bit, makes the odd press release, and does nothing as usual.

Chicago School of Economics.

Despite this success, the new economic ‘thinking’ in the 1970’s and in the shape of the Chicago School of Economics, wanted the old order reinstated. They had no new ideas, not a single one. They simply wanted the Keynesian shackles removed, the ‘free market’ reinstated, in order that, for a short period, until the inevitable ‘bust’ arrived, astronomical profits could be made. That this inevitable ‘bust’ would impoverish millions was to them, irrelevant. Keynes ideas, they told us, were old-fashioned and entirely unsuited to the economic life of the late 20th century.

Milton Friedman and George Bush Jnr. 

As a consequence, and as part of the neo-liberal ‘philosophy’, systematically, over many years, the new economic theorists have tried to destroy every institution, bred from hard times and designed to protect the welfare of working people. Year after year, Unions, the Health Services, Unemployment benefits, Workers Compensation, even Superannuation and a myriad others have come under fiercely aggresive attack, by every possible means, in order to weaken their power.

The new reality of the trickle down effect. Homelessness.

All that may be concluded from this is that the new ‘economic thinking’ has nothing whatever to do with economics at all. Alan Greenspan, former head of the US Federal Reserve, and theoretically a man of absolute financial rectitude, practiced violin concertos whilst the American economy disintegrated around him. He knew, absolutely knew that Keynes was right and unfettered capitalism was a recipe for disaster. He knew this because the history of 19th and 20th century economics demonstrates irrefutably the absolute folly of neo-liberal economics. Despite this he allowed laws which had been in place since Roosevelt’s time, laws specifically designed to prevent a repeat of the 1929 crash, to be swept aside. In doing this, this apparently hugely responsible man behaved with such a level of irresponsibility as to stagger the imagination. How could he not know what the outcome would be? How could he not know that what he was allowing would bankrupt the West?

‘Winners are Grinners’. Neo Liberalism’s happy side. Not all Doom! Smiling Grammar Boys demonstrate the trickle down effect. Whilst “doing their bit” to help the homeless stay homeless and “quite comfortable considering their wretched self sought circumstances”.

I began this piece by mentioning Rod Simms, the ACCC and the IMF. Both of these bodies are waking up to the fact that neo-liberalism is a wholly destructive force which is likely to destroy society.

Jesus wept. Where have these people been? These are the people who should know better. Neo-liberalism has operated as a hugely destructive force for centuries. It takes astonishing levels of pure IMF chutzpah to stand up and declare that they have just discovered (as if history didn’t exist) that neo-liberalism is dangerously destructive.

Since the Industrial Revolution, neo-liberalism, known then as laissez faire capitalism, has been involved in the systematic plunder of our world.. Without regard, without respect for the notion of society, it has stolen land, uprooted whole societies, waged terrifying war, carried out deliberate genocide, invaded, murdered, poisoned, impoverished and starved millions of people. Despite all this evidence, we have just been through yet another sustained bout of lunatic neo-liberalism which has, once more, brought the West to its economic knees.

There has got to be a better way to run society. It is, to say the least, disengenuous of the IMF, at this late stage, to tell us that, as a result of its deliberations, it has concluded that neo-liberalism is a destructive force in society. Neo-liberalism has always been a dangerously uncaring, potentially Fascist system, a system that struggles night and day to destroy the idea of a compassionate society. For the IMF to pretend it has just noticed this is an insult to our intelligence.

Speaking of ‘Insult to our intelligence’ the leadership team confronted Murray Goulburn in the boardroom on their bastardry toward dairy farmers. And ……… did…….. nothing. That’s why they say; ” Winners are Grinners”.

 Bread and circuses are no longer enough. It is time we had some real, grown up adults in charge of the nation’s money. I also feel that neo-liberal thinking should be officially declared to be as great a danger to society as cancer.