Going backwards

In Australia, Government is no longer in the hands of the people.

It is in the hands of a billionaire ruling class. This is true regardless of which major party you vote for.

Today, Australians are entering into a world of economic slavery more severe than anything this country has ever experienced before. Without jobs or discretionary income and burdened with debt, they will become dependent on their ‘masters’ for trickle-down benefits, handed out with onerous conditions attached and always at risk of being cut.

You would be hard pushed to identify a country whose economic affairs have been so badly mismanaged, and its people’s prospects so severely damaged, as has happened in Australia over the past 40 years.

Policies highly detrimental to Australia’s workforce, were rolled out for the benefit of corporate elites, from the offshoring of our manufacturing base to the financialisaton of our economy, transferring much of our wealth to the financial sector.

With discretionary-disposable income disappearing and interest on our debts skyrocketing, aggregate demand is starting to falter.

Soon there will be nothing left to drive the economy.

What we are witnessing is the spectacle of a country going backwards.

That’s what happens when you give away your country’s industry and manufacturing industry, together with a huge chunk of its professional, high value-added jobs.

The initial response was to put wives and mothers into the work force, but now even many two-wage families are experiencing steep declines in their living standard.

Young graduates, meanwhile, are burdened with crippling student loans, without jobs capable of producing sufficient income to pay off those debts.

Many will never get to experience the thrill of buying their own home.

Now we are told that robots, automation and AI are set to take over many of the good jobs that remain, displacing whole swathes of Australian workers without a heart and their programmed minds, set to ruthless.

As consumer spending dries up, who will be left to purchase all the goods and services supplied by these robots and AI?

Last time I checked, robots don’t buy houses, furniture, appliances, cars, clothes, food, entertainment, medical services, etc.

Neither do they pay fees or taxes, which means funding for Social Security and Medicare is destined to collapse.

Why is no-one talking about this?