Archive for May 7th, 2012
Labor governments have always been consistent in adopting the latest ruling class philosophy. They govern to make sure the capital accumulation process is working.
So they have adopted and believe the bullshit that is neoliberalism.
Part of that bullshit is a balanced budget. These buzz words hide a grim reality – to shift the burden of crisis on to the working class.
As the Australian economy begins to slow, the last thing it needs is massive government cuts. That will only worsen the slow down.
The idea that expansionary austerity works has been proven wrong in Europe and the UK and will be proven wrong in Australia. Expansionary austerity is effectively about cutting down the government forest to let the private enterprise weeds grow.