July 31, 2009

Damn prosperity!

It's true that all economic gains from the last decade have been wiped out, in full, by the current global financial meltdown, this unattractive fact is not open to debate.

Last week, our intrepid Prime Minister followed up his earlier neo-con blame game with another essay, yet again hammering his favorite target: prosperity.

Yes, prosperity is evil!

Prosperity is to blame for our current ills!

According to His Ruddness, the cause of the GFC is prosperity:
"The roots of the crisis lie in the preceding decade of excess. In the past decade, the world enjoyed an extraordinary boom. Living standards rose faster than at any time in recent memory. Global economic growth reached a peak of 5.1 per cent in 2007, the highest global growth rate in more than three decades."
Damn prosperity! Damn it to hell!

The Road to Recovery - by Kevin Rudd

3 comments:

  1. Jacob2:54 PM

    So the upshot is that there's 'good' and 'bad' prosperity. It's nigh on impossible to define which is 'good' or 'bad', but Kev's latest achievement has been to identify the effects of 'bad' prosperity in nasty phenomena such as the GFC. Thanks Kev!

    Naturally, it goes without saying that Terese's business success is a prime example of 'good' prosperity. A no-brainer, really.

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  2. OMG your current leader is as full of crap as our current leader. How in the world did we allow this to happen?

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  3. The GFC must be even better for Therese's business Jacob: $132 million in revenue last year, and she employs 1000 people. That's after having had to sell her Australian business so that Kev could become PM.

    Interestingly, the Liberals adored Therese, she was 100% behind them and a vigorous supporter of privatizing the jobs network.

    Really, no politician should be permitted to get away with condemning prosperity - and certainly not in the strident and ideological tones set out by Rudd - more so when they have enough personal money to buy their own small nation.

    Despite nearly two years of Rudd and the ALP, I still haven't figured out who they think they're ruling for - it's not the rich, it's not the poor ... who do they go into bat for?

    (BTW - the Medicare "overhaul" report sent me into spasms. 18 months of "investigation" to produce a dog's breakfast that would cost us all dearly.)

    Cube - ah, just lucky I guess! :-D

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