Australian bureaucracy costs too much. By Flat White in The Spectator.
In the past, Australia modelled itself on the tried-and-true equation of a hardworking private sector coupled with mining wealth and valuable exports. This provided enough loose change to run a bloated, parasitic bureaucracy where we penned-in the destructive academics and miserable communists. …
That bureaucracy has gorged itself on the labour of the middle and working classes and bred like rabbits, overpopulating existing roles before spilling into the free market.
Not satisfied with eating into the private sector, the public system has created new commissions, academic circles, arts industries, (monstrous) health entities, a grievance culture, and the culturally lethal activist machine that threatens the fabric of Australian society. The sheer size of this malignant entity is a terminal condition.
Taking Javier Milei’s chainsaw to wasted public sector money would fix the economy. This won’t happen. Grievance and laziness have become political white bread to Labor without which they’d starve.
The bill comes due:
And so it comes to pass that Jim Chalmers has presided over a mess he can no longer bury in the spreadsheets.
Today’s panicked headlines about inflation were written the moment Anthony Albanese’s team was re-elected. …
Most of the socialists in power enjoy multi-million-dollar property portfolios. This is not hypocrisy, because money taken from taxpayers is virtuous while money earned from scratch is evil capitalism. The only poor socialists are useful idiots. You’ll never meet a poor socialist in power, because they’re not idiots. They have turned leeching into an expression of moral purity.
Families, however, are dreading the next Reserve Bank Announcement following the Consumer Price Index rising 3.8 per cent in 12 months. …
Never mind that Labor’s policy decision to import half a million people in a year pushed up total spending, even if individual Australians tightened their belt and spent less.
And of course, the government doesn’t want to talk about its outrageous spending spree on foreign countries, renewable energy, the NDIS, or even their own travel expenses and phone bills. …
Let’s quietly point out that the reckless spending of the Morrison years were thanks to Covid, the NDIS, and Net Zero. All of these were policies supported and cheered on by Labor… And how do we know Labor would have been worse? Look at Victoria’s finances… There’s your hint.
Could socialists manage a paper money system? Of course not. The debasement trade is gathering momentum. Yes, gold is partly up on geopolitical alarm right at the moment, but the main reason is that big financial smarties — starting in NY — are re-balancing their portfolios to include precious metals for the first time in decades. (Gold equities have barely moved yet. A lot of catch up to do.)