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Thursday 1 November 2018

Neoliberalism is dead. Now let’s repair our democratic institutions | Richard Denniss

It’s never been a more exciting time to support a bigger role for government. So, what to nationalise? Or should we think even bigger?

The opposite of a neoliberal economic agenda isn’t a progressive economic agenda, but democratic re-engagement. Neoliberalism taught us that “there is no alternative” to cutting taxes, cutting services and letting the banks treat us as they see fit. But of course not even the Coalition believes that any more. These days they proudly subsidise their friends and regulate their enemies in order to reshape Australia in their preferred form.

While the hypocrisy is staggering, at least voters can now see that politics, and elections, matter. Having been told for decades that it was “global markets” that shaped our society, it’s now clear that it is actually the likes of Barnaby Joyce and Tony Abbott who decide whether we get new coal mines or power stations. Luckily, millions of voters now realise that if it’s OK to subsidise new coal mines, there’s no reason we can’t subsidise renewables instead.

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from The Guardian https://ift.tt/2zdA6R9

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