I have said in a few threads, including the one below:
Sadly, our politician seemingly still tout Keynes’ theories of supply and demand as the be all and end all of economic theory, not realising the theory is not a roadmap, but merely a rough and inaccurate mud map. A quick brief on Keynes
It has been proven that free market economics do not work and Governments need to be active in protecting people, the environment, and the future. An American perspective: Free Markets: What’s The Cost?
The study of the history of economies also gives us dire warnings about rampant free market economies turning into extreme right wing or fascist regimes. “Democracy cannot survive an excessively free market; and containing the market is the task of politics. To ignore that is to court fascism.” The Man from Red Vienna Sadly, the far right wing regimes that seem to be taking hold around the world these days are not looking after their people, instead courting and nurturing the free market.
The indicators from around the world show the increasing distrust that particularly the younger people have of our democratic societies. The ABC {Party’s over: In a nation of cynics, we’re flocking to the fringe} did a published a survey today which clearly shows this occurring here in Australia too.
Unless our mainstream large party politicians come to their senses quickly, the public discontent will cost them, and perhaps us dearly.
