Posts Tagged ‘intergenerational equity’
Doing over our kids

HousingtoIncome

The ever rising house prices in Australia show how stupid our policy makers have been.

We have increased our productivity. We have increased our wages. We have used the increase to buy our houses off each other at higher prices. Bankers made out like bandits. Now it is debt servitude or the rentiers life for our kids.

Australia borrows money from overseas. We’ve stuck it to our kids to benefit foreign financiers. It has also increased the cost of production in Australia. The land component costs more than it needs to. This is built into our cost of goods or services sold. We’ve undermined our international competitiveness as well as our kids future.

It did not have to be that way. It does not have to be that way.

Group think by incompetent politicians and public servants created this mess. They don’t have the nous to get us out.

Who will end our socialist left versus free market right stale fight?  Who will end the reflex rhetoric?

Nature abhors a vacuum. There will be a change candiate. There will be a party of change. It will not be one of the big four political parties. They are caught in their in their own credibility trap:

““A credibility trap is a condition wherein the financial, political and informational functions of a society have been compromised by corruption and fraud, so that the leadership cannot effectively reform, or even honestly address, the problems of that system without impairing and implicating, at least incidentally, a broad swath of the power structure, including themselves.

The status quo tolerates the corruption and the fraud because they have profited at least indirectly from it, and would like to continue to do so. Even the impulse to reform within the power structure is susceptible to various forms of soft blackmail and coercion by the system that maintains and rewards.”

Probably best to think of them as a rotting carcass, good for fertilizing new more vibrant political life. The best thing they can do for the country now is to wither and die. Escaping their traps are, I believe, beyond them.

They will not. They’ll desperately cling to their power, prestige and pay packets. As for the national interest or greater purpose for their being in politics. What’s that?

Is this really what you want for your kids:

unemployed-march-great-depression