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As the China boom fades Australia is experiencing a delayed version of the GFC, without the banking crisis. Until now we've been reasonably well served by both sides of politics, in terms of macro-economic strategy. Now we require a way of dealing with more mundane economic issues like productivity and efficiency. Neither side has many good ideas about how to achieve the required structural shifts.
If I was a long-term unemployed person, how would I answer the question, 'What has the ALP done for me?' 'Lots, and not much.' The Gillard Government's commitment to developing workforce skills suggests it values decent work, not just jobs, but in positing productivity as the path to prosperity it seems more Reagan than Keynes.
Joe Hockey provoked outrage with his recent suggestion that we should rely on families rather than the state for social welfare. His premise that high social spending leads to debt and decline reflects the GDP fetish of fundamentalist economists that Joseph Stiglitz blames for Europe's current economic problems.
When America sneezes the world catches cold. No wonder crowds are demonstrating against Wall Street. Successive economic crises reveal that we have forgotten the economic lessons learned after the Great Depression. I am one of the dwindling number of Australians who was alive at that time.
While we have have East Timorese students coming here to learn about how to look after their oil sector, Australia should be sending people to East Timor to look at their outstanding example of how to safely and wisely preserve oil revenue for future generations.
50 years ago this week, migrants and refugees from Eastern Europe rioted at the Bonegilla migrant reception centre outside Albury-Wodonga. The Federal Immigration Minister said such behaviour was not tolerated in this country, but investigation prompted public sympathy for the demonstrators.
In Japan's relief centres and obliterated streets, there is no news of looting or violence, no shouts of blame, no demands for immediate evacuation and coronial inquests. 'Shinto is a nature religion,' says my guide Yoshiko. 'We give thanks to everything we have.'
I had anguished over a particular sentence which was the subject of days of media comment. One of my fellow judges stuck his head around the door and said, 'Neil Mitchell says you are right.' This I found unsettling. Then he added, 'But don't worry, Derryn Hinch says you are a disgrace.' Phew!
A hopeful sign has been the emergence of commentators, mainly secular, advocating the transformation of the economy to a model based on values like the common good, solidarity, environmental concern, equality, active and inclusive citizenship.
Labor has used its rock star politician to push paper around. Peter Garrett was a hero to a lot of us. Get him out of that godawful suit and let him speak — sing, if he has to! — his mind on every issue that made him the most outspoken rock singer this country has seen.
The election has been plagued by trivial spats and personality conflicts, to the neglect of policies based on the values of equity and social justice for everyone. This reinforces the importance of church and community groups being more active in their social advocacy.
Gordon Brown's dignified resignation underlines the fact that Liberal Democrat leader Nick Clegg's options in choosing a coalition partner remain open. He is wise not to rush a decision to finalise a deal. After the election that everybody lost, a coalition that works could make winners of the British people.