Cost-of-living putting Australians at risk: A new survey shows 40% of Australians report cost-of-living and personal debt is causing them elevated distress compared with this time last year – while frontline services rank it the biggest risk to suicide rates - as the country awaits news of another interest rate increase later today (Tuesday 6/9/22).
"Your program and so many on the ABC ignore the real prospect of widespread social, economic and environmental breakdown consequent on a human population having exceeded the long term carrying capacity of Nature. The ABC in its general coverage assumes a continuation of Business as Usual. Climate change, if present trends continue leads to a world 3 – 4 degrees warmer at century’s end.
On every available indicator and every batch of statistics the gap between the powerless and the powerful has grown in Australia. Despite the wealth being generated by a once in a lifetime mining boom, 22 million people living on a continent still have trouble tackling issues that should have been sorted out decades ago.
One day it will dawn on us that this is no ordinary recession. This is not a fiscal or credit crisis. Another trough in the usual boom and bust cycle. This time Keynesian prime-pumping won't work (if in fact it ever did, contrary to legend). We cannot spend or inflate our way out of this one.
[The original title was "With governments like this, who needs enemies" - changed for a more indicative one.]
How about learning the words and, next time your pretentious premier/ patronising prime-minister or president comes out to hand the collection plate around for the bankers, CEOs, land-sharks, mouthing the same old tunes, we can all sing it together.
If nothing else, learn the chorus to "Jump ..."!
Kicking the immigration-fix
The ABC reports that
A crisis is a terrible thing to waste.
In 2008, I made the outrageous claim that all debts ought to be forgiven. This statement was of course meant to outrage, but now that I have an ever better understanding of what went wrong, I feel even more justified in supporting this idea.