Holding Pattern

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Keating shows Federal Labor a way out

September 24, 2020 by Peter Holding Leave a Comment

Paul Keating has called on the Reserve Bank to help the Federal Government with fiscal spending. Normally governments offset their spending through either taxation or borrowing. But taxation is deflationary so is not an appealing option at the moment and there is a concern (largely exaggerated) about increasing government debt. Keating has essentially called for […]

Filed Under: politics

Financialization of Capitalism

September 2, 2020 by Peter Holding Leave a Comment

Financialization means that today’s capitalism is fundamentally different from the capitalism that governments had to regulate 40 years ago. The financial sector has always been important to capitalism. And the work of French economist Tomas Piketty shows capitalism has always had a general tendency to increase inequality absent corrective government interventions. This is simply because the […]

Filed Under: politics

Anger (by Mischa Merz)

August 27, 2020 by Peter Holding Leave a Comment

Every day during the pandemic, Victorian Premier Daniel Andrews has updated us on the state of play with the Corona Virus. Case numbers, deaths, numbers tested, mystery cases, clusters and hotspots. It’s not a soapbox occasion by any means. He’s not trying to win anyone over to any political agenda. He mostly pleads with people […]

Filed Under: politics

ACTU Jobs Plan

August 22, 2020 by Peter Holding Leave a Comment

In May 2020, the ACTU released a document on rebuilding the economy and jobs beyond the COVID crisis. it urges the adoption of 2 million additional secure jobs by the end of 2021. By secure jobs, it means “jobs where permanent roles are the norm. Employees are entitled to at least a living wage, paid leave, […]

Filed Under: politics

Secret Ballots and ALP Democracy

August 4, 2020 by Peter Holding Leave a Comment

Secret ballots may certainly be necessary to ensure democracy in certain situations. But everything depends on the context. In some contexts, a secret ballot is clearly regarded as anti-democratic. We insist on open voting in Parliament and on Local Councils.  In these contexts, a secret ballot would be regarded as anti-democratic. We hold that members of […]

Filed Under: politics

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