@peterrelph
Remember the Housing Commission? In 1956, Menzies renegotiated the agreement under which it operated. Funds were diverted away from public housing and rental assistance. Existing public housing stock was sold off (around 90,000 dwellings, IIRC). The rich got richer and the poor got poorer.

Australia has since become increasingly Totalitarian Capitalist, if not NecroCapitalist. We need to acknowledge that the market doesn't always have the best solutions - or any solution at all, apart from further profiting the already rich.

Where, between the extremes of Socialism and Capitalism, do we want Australia to stand?
#AusPol #NecroCapitalism #TotalitarianCapitalism #SocialDemocracy
@Qldaah

@FerdiMagellan
It's both a world view and a belief system. Practically incomprehensible, outside of the US.
https://www.quora.com/What-do-people-get-wrong-about-America/answer/Andrew-T-Post
@Neil1808
# USPol #NecroCapitalism

@DropBear It's been there 174 years: internationalist economist KM described #necrocapitalism (the tendency to eat (its own) shit and die) in 1848 the European year of revolutions, conservative economist JMK took it up saving them from dying from their necro in the 1926 London general strike & worked with FDR 1929 their Wall st crash & following General Depression. This time around we don't have any economists capable of even understanding capitalism, neoliberalism just promotes rortocracy WGAF?

@DropBear Yes, DB, interesting read: #necrocapitalism

Necrocapitalism. It sums up so much.
#AusPol #economics #capitalism #necrocapitalism

If wars, pandemics, climate cataclysms, biodiversity disruption can't stop it's leading cause: capitalism.
Then what/who can?
#necrocapitalism