Topics of conversation and ABC reporting recently include
Pauline Hansen not getting into the NSW Senate with 2% of the vote, the Clubs & Gambling people screaming against
Andrew Wilkie's proposal to attempt to control problem gambling and the on-going crises in Japan with the
nuclear facility at Fukushima. News that
Portugal's economy needs bailing out, the rise of the
Aussie $ compared to the sinking of the US $ and other financial woes including the Resource Rent Tax and Carbon Tax are simmering away sometimes making the headlines, sometimes not.
Is this symptomatic of the conflict with the "
Nanny" State ie large, interventionist, regulatory Government telling the business world that they must control their behaviour to enable social needs of equality, social support, and long-term environmental improvement? This
website says yes!
Or are the forces of business - endless growth, consumerism, jobs at any cost to environment or social needs gaining the upper hand again after a brief lull with the GFC? (hands out and begging)
My reading this month has included
Joseph Stiglitz "Freefall: America, Free Markets, and the Sinking of the World Economy",
Loretta Napoleoni's" Rogue Economics", Andrew Leigh's "Disconnected", "
History's Greatest Deceptions" by Eric Chaline.
As the
New York Times article on Joseph Stiglitz book comments "
ersatz capitalism, the privatizing of gains and the socializing of losses".
Books can give a larger view of whats happening than a 3 minute TV news clip, 1 page internet link or 5 minute radio interview. What do you think?