Posts

Showing posts from February, 2023
  https://independentaustralia.net/politics/politics-display/chalmers-fantasy-of-making-a-better-capitalism-is-absurd,17189 The problem with Chalmers' essay about "value-based capitalism" is that it's a bunch of benign long term aspirations - much like Labor's talk of reforming Medicare. But just as with Medicare, the current Labor government is hamstrung by their determination to deliver massive tax cuts promised by the last government, massively increase defense spending and pursue a lower deficit despite the fact we have among the lowest budget deficits and public deft as a percentage of GDP in the developed world. Faced with reports of a radical reduction in this year's budget deficit, Chalmers response isn't relief so much as embarrassment and an insistence that no additional public spending is possible. So with Medicare we get vague talk of allowing nurses, chemists and other related professions to prescribe medications that can currently only be pre...