#totalitariancapitalism — Public Fediverse posts

Exhibit a:
https://www.rba.gov.au/education/resources/explainers/nairu.html
If our economy needs some people to be unemployed, then Australia needs a better economy.
#AusPol #inequality #TotalitarianCapitalism #BringBackTheCES

Australia has taken the wrong path. We can and should ensure that none of us wants for the necessities.
https://www.theguardian.com/business/grogonomics/2026/sep/17/australians-jobseeker-dying-in-poverty
#AusPol #inequality #TotalitarianCapitalism #BringBackTheCES

#epsteinparasiteclass #billionaires #billionaireclass #billionairesclub #oligarchy #elites #apathy #cynicism #centrism #HellPlanet #orwell1984 #OrwellianWarning #guillotine #guillotines #guillotinetime #guillotinethem #GuillotinesWork #BillionaireTax #eattherich #composttherich #SoulessBastards #uspolitics #totalitariancapitalism #totalitarianism

@ocratato
When has privatising the public good resulted in jobs? 🤔 Should Australia consider public sector data centres?
@InsurgoFormica @anne_twain @aj
#AusPol #inequality #TotalitarianCapitalism #privatisation

"When Labor and the Liberals sold our publicly owned services off, they sold us out too."
https://www.instagram.com/p/Db7ijjaKe0F/
Sorry about the Instagram link.
@ocratato @InsurgoFormica @anne_twain @aj
#AusPol #inequality #TotalitarianCapitalism #privatisation

“… the moment you privatise a public service is also the day you should set the date for the Royal Commission into the failures and abuses of the system.”
@ocratato @InsurgoFormica @anne_twain @aj
#AusPol #inequality #TotalitarianCapitalism #privatisation #neoliberalism

@InsurgoFormica
Decades of indoctrination have led to many of us believing that:
- Capitalist markets are infallible;
- the public sector is ineffective/inefficient;
- the private sector is effective/efficient;
- government is bad;
- taxes are bad.
So yes, we probably will fall for it again.
@ocratato @anne_twain @aj
#AusPol #inequality #TotalitarianCapitalism

Yes @ocratato the public service has been diminished. Restoring it to do what we need will take time.

The private sector is little better. It's grown more narrow-minded and short-sighted. For example; it's less common for tradesmen to take on apprentices, so we have to import qualified tradies. That impoverishes the countries from which they come.

Extreme Capitalism has lessened Australia. I reckon it's made us dumber.
@InsurgoFormica @anne_twain @aj
#AusPol #inequality #TotalitarianCapitalism

Market mechanisms have a role to play @ocratato but how much of a role? We've gone too close to Hayek's ideal of the holy, inviolate market in all things.

Democracies must decide what is best left to the public sector. I suspect that the answer is; "most of what has been privatised" (and probably more).
@InsurgoFormica @anne_twain @aj
#AusPol #inequality #TotalitarianCapitalism

I struggle to find a privatisation which proved to be in the public interest @ocratato
Market Capitalism fails, reliably and consistently. My favourite take is from this blog post:
https://david.boxall.id.au/201604/default.html
"The private sector cherry-picks profitable markets, then demands public sector subsidies to cover the rest."
That post hasn't been updated for years, but it's still cogent.

Australia's telecommunications are the poster-child of failed privatisation. There are good reasons why such natural-monopoly infrastructure has historically been the province of the public sector.

Where infrastructure is involved, I favour de-privatisation with maximum prejudice. The cost to those who profited from the privatisation should be so extreme that only the brave or foolish will participate in any proposed future privatisation. I picture gobbets of Capitalist gore, clinging to walls & ceilings.
@InsurgoFormica @anne_twain @aj
#AusPol #inequality #TotalitarianCapitalism

@InsurgoFormica
The rational starting point would be to de-privatise everything, then cautiously allow the private sector to play a limited role if things aren't going well.
@anne_twain @aj
#AusPol #inequality #TotalitarianCapitalism #BringBackTheCES

Not a mistake @anne_twain
Yet another of John Howard's acts of deliberate sabotage. 🤬
@aj @InsurgoFormica
#AusPol #inequality #TotalitarianCapitalism #BringBackTheCES

@Tooden
Googling:
"universal basic income" site:gov.au
brings up several hits, none from the RBA. So their stance would be 😑.
Our politicians seem to be 🤔.
@aj @InsurgoFormica
#AusPol #inequality #TotalitarianCapitalism #UBI

@aj
In the 1980s, I worked in Australia's Commonwealth Employment Service (CES). Businesspeople in my regional city still speak wistfully of the days when they could ask the local CES office for people and would be provided - free of charge - with suitable applicants. These days, finding workers is far more costly (and fraught).

I came to the conclusion that, with few exceptions, people want to feel that they're contributing to their community. The “Dole Bludger” is mythical.

Totalitarian Capitalism does not serve the nation well. Australia is rich enough to afford every resident the necessities of life and opportunities to do something that's meaningful to them.

Coordinated:
- education;
- training;
- careers/occupational guidance;
- employment/job matching
would be invaluable, to both to our economy and society.
@InsurgoFormica
#AusPol #inequality #TotalitarianCapitalism #BringBackTheCES

@InsurgoFormica
"The NAIRU cannot be observed directly."
https://www.rba.gov.au/education/resources/explainers/nairu.html
Evidently, it's one of those magic invisible things that we peasants can't possibly understand.

It exists, honest. Trust the experts (& politicians).
#AusPol #inequality #TotalitarianCapitalism

Something meaningful to do (not necessarily "a job") is one of the necessities of life @InsurgoFormica
Unemployment Benefit could be viewed as society's compensation to people for whom we fail to provide.

#AusPol #inequality #TotalitarianCapitalism

@InsurgoFormica
Exemplified for me by the "Non-Accelerating Inflation Rate of Unemployment" (NAIRU). If the economy needs people to be unemployed, then we need a better economy.

The economy exists to support the community.
#AusPol #inequality #TotalitarianCapitalism

Which bring to mind the Harvester Decision:
"The decision was a landmark case because, for the first time, employers were challenged to formulate wages on the basic needs of their employees rather than being solely concerned with the company’s profits."
https://www.nma.gov.au/defining-moments/resources/harvester-judgement
That was in 1907. We haven't learned. 😑
#AusPol #inequality #TotalitarianCapitalism

A healthy community ensures that every member has the necessities of life, plus a bit more.
"You do not have to go too far back in history to see what happens when austerity combines with hopelessness and anger."
https://www.thenewdaily.com.au/finance/2026/08/01/australia-politics-of-joy
#AusPol #inequality #TotalitarianCapitalism

Magical markets versus the Public Good.
"Labor’s historic purpose was not to make an unequal system slightly more affordable."
https://pearlsandirritations.com/post/2026/08/beyond-cost-of-living-and-tax-cut-labor/
#AusPol #inequality #TotalitarianCapitalism

I hadn't thought of that @anne_twain
There are political advantages in being seen to manage crises.

Creating and maintaining systems that work, while minimising inequity, isn't likely to get the attention of voters. The Opposition would probably spin it as wasteful: "There's no disaster. Why are you spending money?"
#AusPol #inequality #homelessness #TotalitarianCapitalism

Yet more evidence that Australia has gone to an unworkable extreme.
"The warning signs exist. What is missing is a system organised to act on them."
https://pearlsandirritations.com/post/2026/07/we-know-how-to-prevent-homelessness-why-dont-we/
#AusPol #inequality #homelessness #TotalitarianCapitalism

Our system needs to change @Bot4Sale
Make it easier for independents and micro-parties. It might lead to government being a bit chaotic, but constructive chaos is a good thing. More interesting than Albo's stagnant caution, anyway.
#TotalitarianCapitalism #AusPol #inequality

It's getting interesting @Bot4Sale
Grayndler might end up represented by an independent.
https://www.theguardian.com/australia-news/live/2026/jul/28/jacinta-allan-victoria-labor-leadership-spill-ben-carroll-challenge-antisemitism-royal-commission-nsw-icac-inquiry-queensland-estimates-ntwnfb?CMP=share_btn_url&page=with%3Ablock-6a680aad8f085b8643ec6f6a#block-6a680aad8f085b8643ec6f6a
#TotalitarianCapitalism #AusPol #inequality

Australia's Labor Party has lost its way.
“Labor wants workers to receive a better share. It no longer seriously asks whether they should have a greater say.”
…
“Old Labor, at its best, asked uncomfortable questions:…”
https://pearlsandirritations.com/post/2026/07/albanese-sees-the-problem-labor-still-cannot-name-the-system/
The system needs reform, not repair. Draw back from the precipice of #TotalitarianCapitalism #AusPol #inequality

On another forum, a True Believer told me that #TotalitarianCapitalism is a contradiction in terms. Apparently, Capitalism is the essence of freedom or liberty 🤔 or something 😑. A bystander looked it up before I could get around to it.
https://www.monbiot.com/2000/06/29/totalitarian-capitalism/
#AusPol #inequality

We are better than #neoliberalism would have us believe. Sadly, the worst of people have many of us convinced that we're all as bad as them.
https://www.thenewdaily.com.au/news/politics/australian-politics/2026/06/13/politics-lord-of-the-flies-tragedy
#AusPol #TotalitarianCapitalism

It's surprising how far we've allowed ourselves to slide @Bot4Sale
OK, maybe not so surprising. History shows that aristocrats will keep increasing their privileges until the peasants remember how to build guillotines. They'll then be puzzled & offended - right before they get the chop.

Plutocrats are our present-day aristocracy.
#AusPol #neoliberalism #TotalitarianCapitalism #TaxTheRich

There are parallels with Australia. We too, have been in decline since the Whitlam dismissal.
“Neoliberalism, … is an updated version of the divine right of kings.”
https://chrishedges.substack.com/p/tyranny-or-revolution-read-by-eunice
#AusPol #neoliberalism #TotalitarianCapitalism

"No wonder Thiel is worried. Something is coming. And that something would be us."
https://archive.is/miosR
#USpol #TotalitarianCapitalism