Comments by "Tony Wilson" (@tonywilson4713) on "The Majority Report w/ Sam Seder"
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AUSTRALIAN HERE: Sorry for the length of this comment.
YES - we sadly have these types here too, but please note he is basically saying EXACTLY the same sort of nonsense that Larry Summers told Jon Stewart a few months ago and EXACTLY the same thing the new head of the Reserve Bank of Australia (our equivalent of the US Federal Treasury) Michelle Bullock also said her first day in the job, which is we need to RAISE the unemployment rate to counter to inflation.
YES - we also know that inflation is being driven by supply chain issues, but just like all over the developed world economists and business leaders like Tim Gurner, Larry Summers and others DO NOT WANT TO ADMIT that the economic policies they pushed for the last 40 years (like off shoring production) lead to this situation.
YES - Australia runs very similar economic policies to America because America got very good at exporting its ideas and this is most evident in economics. I'm actually an engineer and have been informally studying economics for a couple of years so that I can make better arguments regarding project management decisions. One of the things I have found is that Chicago School Neoliberal Economics has become the core of all economics curriculums across the developed world. Even at universities that teach some alternative ideas (like MMT). They have at the core of their curriculum Neoliberal Market Fundamentalism and its narratives that government is incompetent, that unregulated markets are the best decision making processes, outsourcing is brilliant, privatisation is best practice and consultants need to run governments rather than governments governing their nations.
In various countries these issues manifest in different ways but they all come from the same school of ideas which is America's robber baron based Libertarian movement. NOTE - Chicago School is a reference to the University of Chicago where James McKinsey, Milton Friedman, Friedrich Hayek, Ronald Coase and others all taught. That university was in part founded by John D Rockefeller the biggest of America's robber barons and an ardent Libertarian.
YES - America does export things and among them some of the WORST ideas in human history. Right now in Australia our major issue is consultants who have cost us over AU$20 Billion in fees that we know of and badly messed up our government institutions as they have done it. At the core of the current scandal is PwC who while advising our tax office on closing corporate loop holes were selling that information to their corporate clients so they could avoid tax by other means.
Basically we are looking at the Australian equivalent of a RICO case against PwC. So far the enquiries into the consulting industry have heard of endemic fraud among the major players including KPMG, Deloitte and EY. McKinsey and Boston Group have so far avoided allegations.
SO YOU ALL KNOW - property developers like Tim Gurner are considered among the lowest life forms we have in Australia. When driving a car we might swerve to avoid a snake but always plant the right foot for a property developer. We've had so many scandals in this industry news reports of "another property developer goes bust" are a cultural cliché. They all operate on business models that would make America's Sackler family (Purdue Pharma) proud and just like America is yet to reign in the Sackler's, Australia is also yet to reign in the property developers despite all the things they've done.
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Fun fact Ted Cruz, Ron De Sanctimonious, Barrack Obama, Bill Clinton, Hilary Clinton, Josh Hawley, Vivek Ramaswamy, Ben Shapiro and a whole bunch of others are Harvard, Yale, Princeton,... LAWYERS.
Plus on SCOTUS there's 4 Harvard and 4 Yale trained lawyers who are mostly their because of the Federalists Society which was formed by Harvard, Yale and U. Chicago students.
Americans need to realise that America is run by a club of Ivy League brats.
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