The Neoliberal Era is ending,what comes next?

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    The ideology that was dominant these last 40 years is dying. What will replace it? Nobody knows for sure. It’s not hard to imagine this crisis might send us down an even darker path. That rulers will use it to seize more power, restrict their populations’ freedom, and stoke the flames of racism and hatred.

    But things can be different. Thanks to the hard work of countless activists and academics, networkers and agitators, we can also imagine another way. This pandemic could send us down a path of new values.

    If there was one dogma that defined neoliberalism, it’s that most people are selfish. And it’s from that cynical view of human nature that all the rest followed – the privatisation, the growing inequality, and the erosion of the public sphere.

    Now a space has opened up for a different, more realistic view of human nature: that humankind has evolved to cooperate. It’s from that conviction that all the rest can follow – a government based on trust, a tax system rooted in solidarity, and the sustainable investments needed to secure our future.

    Nobody knows where this crisis will lead us. But compared to the last time, at least we’re more prepared.
    https://thecorrespondent.com/466/the-neoliberal-era-is-ending-what-comes-next/61655148676-a00ee89a

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    we could ACTUALLY try Capitalism instead of Cronyism ... that might slash the deadwood out of government as well

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    crumbs for the masses Trillions to save the health insurers ... sounds nicer than i expected .. maybe there is more fine print

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    Looks like Lemon Socialism is here to stay ... Privatise the Profits - Socialise the Costs ... for as long as the government is prepared to downsize & outsource

    https://en.wikipedia.org/wiki/Lemon_socialism

    The Covid-19 Commission that will steer the economy out of this sh!t show is captured by the gas industry
    Nev Power ... Fortescue Metals
    Catherine Tanna ... Energy Australia, BG Group, Shell Gas & Power and BHP Petroleum
    Greg Combet ... Santos and AGL
    Innes Willox ... Australian Industry Group

    Consultant ... Andrew Liveris ... Dow Chemical Company, Worley, Saudi Aramco

    Gas fired power was uneconomical before the covid-19 crisis, but looks like the taxpayer will bear the costs instead of the industry

    https://www.abc.net.au/news/2020-05-13/coronavirus-recovery-to-push-australia-towards-gas-future/12239978

    The neolibs won't simply go away without a fight ... they'll keep draining the government's purse where they can.

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    " Governments can print extra money if needed to fund their ambitions - and not to worry about national debts and deficits.
    Old school politicians, economists and journalists liken governments to households.
    Households cant collect taxes or issue credit in their own currency."

    " The 2008 crisis was followed by severe austerity "

    Trump is doing the reverse.

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    Are you sure? Pretty obvious - he is going to do another $1200 issue (thanks Uncle Donald - now go away)......I don't see any reversing....If anything, I expect him to assist some battleground industries.

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    I was referring to Trump doing the opposite to austerity.
    (austerity - meaning - sterness or severity of manner or attitude.)
    Trump is opening up with $3 trillion, not tightening the belt or clamping down.

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    Fair enough, it wasn't obvious in the post. Trump can't clamp down. He has already raised expectations - even with the ultra-conservative blow-back he is going ahead....he has to come up with something that will please Americans - but not too much in the Democrat mold. Another stimulus check is for sure....I would expect some industries and infrastructure to also receive assistance - where the votes count. But I'm looking at Taiwan and thinking the Chinese will ensure he gets another term - with their threats, and exercises. Most Americans wouldn't know where Taiwan is - but they are so pissed off at China for their Wuhan Virus (like most Australians) that any move on Taiwan will be very severely resisted.

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    Wow you really don’t have a life Ikaminyourass.

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    severe austerity /??

    only for the peasants

    the debt binge went on regardless elsewhere

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    The neo liberal era is just beginning forced slave labour permanent lockdowns are the future , hands up everyone who voted for Morrison I have zero empathy for your children and friends who are now permanently unemployed or will be exploited as casual or contract workers for the rest of their lives.

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    Australia’s major banks, insurers and superannuation funds are urging a radical rethink in how to steer the economy out of the pandemic-induced economic crisis, calling for stimulus measures that are consistent with the Paris Agreement climate targets.

    In its first public statement since the COVID-19 crisis hit, the Australian Sustainable Finance Initiative, a joint venture of the big four banks, major insurers, super funds, asset managers and financial regulators, argued simply throwing money at old forms of infrastructure was no longer appropriate.

    Instead an innovative approach was needed that accepted the science of climate change and made sure any infrastructure or other stimulus spending would solve rather than contribute to the problem of global warming. It urged governments and businesses to view the pandemic as a taste of the sort of shocks climate change will bring, and to take the opportunity to learn from it so they are prepared for the next shock.

    "Global voices from business, civil society and finance have begun calling for a recovery that responds to two critical crises: the social and economic upheaval of this global COVID-19 pandemic as well as the rapidly accelerating impacts of climate change," ASFI co-chairs Simon O'Connor and Jacki Johnson said in a statement.

    https://www.afr.com/companies/financial-services/recovery-must-be-green-say-big-banks-20200515-p54tc2

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    Innovation will never happen while we have traitorous conservatives in government stealing our taxes and serving various foreign nations and corporations , Australia has always been a backward totalitarian colonial hellhole. .

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    the only thing green about the recovery , will be the daisies being pushed up from the economy's corpse

    https://www.youtube.com/watch?v=tmrnr90tvPQ

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    People who are reliant on the regime for everything are much easier to manipulate and control , selling cups of tea and coffee to each other is not a viable economy, Australia should be outlawing and closing down all foreign franchise businesses in Australia .

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    Best way to force innovation is to halt completely all imports, and encourage the local manufacturing sector to start up.with generous tax consessions.

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