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Excellent insight!
Henry Ford was generally a racist and a bad person, but he understood something our current broligarchs have completely forgotten.
He said: I have to pay my workers enough to afford the products they’re building.
Give them a house, decent schools, reasonable healthcare.
If I do that, they’re not descending on my Dearborn mansion with pitchforks while I eat my caviar.
We’ve lost that plot entirely.
We have broligarchs who want to be trillionaires and they’re missing the lesson that a deeply flawed man figured out a hundred years ago.
Capitalism works, but only if people believe the game is worth playing.
Right now they don’t and history is very clear about what comes next.
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Just another reason voters are deserting Labor and the LNP in droves to independents and One Nation.
It seems the ruling parties have to learn the lesson the hard way at the next election that people are sick of the way they are treating us.
A 12 mth ‘ban’ ratcheted down to 3? No ban on contract extensions? Most workers would be out the door if they’d done what this mob have already admitted. One rule for the big end of town, another for the rest. KPMG government work ban a ‘slap on the wrist’ theaustralian.com.au/busines…
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Prof Jeffrey Sachs, American economist and public policy analyst. Columbia University:
"AUKUS is designed to bill the Australian taxpayers and enrich the US military industrial complex. You have been had Australia, sorry to tell you. And your politicians should own up it."
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The reason for this outcome is simple.
Good economic policy is not popular. The major parties prefer to promote popular economic policy so they get voted into government, putting their interests ahead of ours.
Democracy as is, is broken. It doesn’t work for the people.
Jun 13
Australia avoided a recession in 2008. But the way it did it tells you everything about why housing is still broken today.
When the global financial crisis hit, the Australian government handed first home buyers $35,000. You take that to a bank, lever it up by a factor of ten, and suddenly you have $350,000 to buy a house.
The trend toward falling debt turned around overnight. Australia restarted the bubble that caused the problem in the first place.
That is how Australia avoided a recession. Not through good economics. Through more debt.
Now in 2026, prices are hitting record highs across Sydney, Brisbane, Adelaide and Perth. The average first home buyer has shifted from their 20s to their 40s and 50s.
Families are leaving Sydney for Newcastle because they simply cannot afford to stay. Young people are watching baby boomers sit on appreciating assets while they are locked out entirely.
Policy like the First Home Owners Boost was supposed to increase home ownership, but the result has been the exact opposite. Outright ownership has dropped from 50% in the 1950s to around 20% today.
The pattern is simple: the property ladder only keeps working if the next buyer takes on more debt than the last one.
I have attached a video presentation in the comments, so do check it out.
#SteveKeen #AustraliaProperty #HousingCrisis #MortgageDebt #HousingAffordability #Economics
ALT A suburban house with a 'For Sale' sign and a moving truck parked outside, suggesting an imminent move. The mood is transitional and anticipatory.
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The calls for cancelling #AUKUS are getting louder & louder. Even a drover’s dog would recognise AUKUS is a disastrous policy.
And yet the major parties are steadfastly sticking to it.
The question is why can’t they recognise what everyone can see…
Jun 12
A fantasy of freakish size, that would cost our sovereignty, is unlikely to be realised. Oh and no plan for nuke waste disposal. AUKUS is cactus. As it should be.
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Paul retweeted
Jun 11
"200 missiles" = because we can't fly directly over Iranian air space. These Tomahawks and JSMs cost $3 million a pop, and we are running out of them.
Reminder: South Vietnam is 1/10 the size of Iran, and we pummeled North and South Vietnam (and Laos and Cambodia) for a decade with B-52s flying right over the top, dropping iron bombs, and we still lost the war. In fact, we dropped 3X the tons of bombs on Vietnam than we did on Germany in WW2. And we still lost.
Jun 11
🚨BREAKING: Over 200 Missiles Target Tehran as US Launches All-Out Attack
Reports indicate a major strike involving over 200 missiles hitting Tehran. Intelligence sources say the U.S. has vowed to completely destroy Iranian bases in an all-out assault.
President Trump is not holding back. The regime’s provocations have triggered a full response.
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It’s about time we got some more transparency, thanks to the pressure of independents like David Pocock.
Jun 12
Huge win on lobbying reform today with reports the govt will establish a public register for sponsored pass holders replicating the voluntary register I established, limit access to the building & publish more information about who has access.
We still need more reform to ensure ALL lobbyists (not just 3rd party lobbyists) are properly regulated by a body with teeth, and to shut the revolving door between government and industries.
smh.com.au/politics/federal/…
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It’s time to drain the Australian political swamp.
Jun 11
This👇🏼 is EXACTLY why we need lobbying reform & greater transparency over ministerial diaries - things I've been pushing alongside colleagues on the crossbench for years.
"In-house lobbyists" (people who work for a company or peak body) should be subject to the same rules and cooling off periods as "third party lobbyists" (people who work for a lobbying firm).
Action on these changes are well overdue.
skynews.com.au/australia-new…
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Is it any wonder why One Nation are gaining in popularity.
People are increasingly sick of the major parties doing nothing for average Australians.
Jun 11
Labor has given #KPMG partner David Bradbury a 3‑year job on the #ATO's Board of Taxation.
This position provides the Government with real-time advice on tax policy issues.
#KPMG is under investigation for data-misuse and confidential leaks.
Minister Gallagher defends this here.
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So to quote the relevant Utopia episode:
"We are protecting Australia's trade routes with China...from China."
Jun 11
Breaking!
Former foreign minister Gareth Evans has told the AUKUS Public Inquiry that the strategic benefit of AUKUS to the USA is the subs base at Stirling, WA.
So the US can "interdict" Chinese energy supplies going through the Malacca Strait.
I.e. it's a threat to sea lanes.
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Paul retweeted
Jun 10
Australia has a relatively small population.
We share no land borders and are protected by vast oceans.
We have abundant agricultural land, enormous natural resources, and some of the world’s most valuable exports.
We’ve enjoyed more than 80 years without war on our own soil and never experienced a civil war.
There is no reason poverty should be increasing in this country.
There is no reason the middle class should be shrinking.
There is no reason each generation shouldn’t have the opportunity to live better than the last.
Australia’s challenges aren’t the result of a lack of land, resources, wealth, or stability.
They are the result of political decisions.
And for too long, we’ve kept electing politicians who fail us.
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I for one agree, and I reckon there's probably 20 million others who agree as well.
Except for the "representatives" we voted in to government.
Australia Institute polling shows an overwhelming majority of Australians want a gas export tax.
"Australians deserve to get a fair return on the export of our gas." – Senator David Pocock
✍ Sign the petition to support a 25% gas export tax: theaus.in/3S2nfx6
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It's time to stop the #AUKUS scam being perpetrated on the Australian people.
Former environment minister Peter Garrett will lead a public inquiry into the Australian Government’s $368 billion AUKUS defence pact, amid growing concerns over the lack of scrutiny surrounding the nation’s most expensive defence project.
#auspol @pgarrett
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The question voters have to ask themselves is this:
If it is obvious to the average punter that the AUKUS deal is such stupid deal and a waste of taxpayer money, why are the ALP & LNP so stubbornly sticking to it?
We need to tell them at the next election.
Jun 9
Australia is anchored to 70 year old nuclear technology for its new submarines — ignoring the advances in electric submarines made by countries that are not the US or UK.
“European navies including Germany, Norway, Italy, the Netherlands and Greece are now in the process of acquiring LMB-equipped submarines, while Spain and Sweden are evaluating the technology for future adoption.
“Of greater significance for Australia, Indo-Asia-Pacific navies including Japan, South Korea, China, India, Singapore, Indonesia and the Philippines are either actively acquiring LMB-equipped submarines or planning to do so in the near future.”
All of which shows #AUKUS is a con to make Australia a military base for the US war against China.
Undersea warfare is moving faster than AUKUS pearlsandirritations.com/pos…
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I agree. It doesn’t make One Nation a good choice. It’s a bad choice. But if voting for them forces the ruling political class to change, then a necessary one.
I fear a tsunami is coming and it will sweep away the Labor government and possibly remove the Greens from balance of power position and many on the left will scratch their heads and say “why”? That’s an awful the lack of self-awareness. It is not limited to the Greens; Labor and the Libs are also prone to the same blindness. The tsunami is the resentment and alienation felt by so many, especially the working class. It is not fascism. Many people, especially those in outer suburbs and regional areas are suffering financial hardship, lack of services and bureaucratic authoritarianism. They could probably put up with all this but, on top of that, they perceive that an elite - the professional/managerial class - has all the economic and political clout that they lack and a woke culture they despise. There are probably other aspects to this uprising I haven’t mentioned and that a political sociologist should investigate but those factors I have mentioned, on their own, go a long way to explaining why One Nation, on 31% is the most popular party in the country. Dissatisfied Australians are flocking out of the major parties to One Nation, not the Greens. Why is that? It is not Gina Reinhardt and Murdoch. One Nation has been the repository of every major resentment in the country and I fear their rise hasn’t finished yet. After this is all over the left of politics is going to have to do some serious reflection.
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The answer is Yes. But we can’t expect the ruling parties to address this. It requires more independents, and that means voters have to make smarter choices.
Corruption Anger Is Boiling Over Worldwide
A Philippine lawmaker filed House Bill 11211 proposing death by firing squad for public officials convicted of graft, malversation of public funds and plunder, but it has not become law.
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Albo. Transparent is not his strong suit. I hope we don’t end up hearing he’s got secret ministries like his predecessor.
Jun 7
The Govt was ordered to disclose politically sensitive #AUKUS nuclear waste site info, but @AlboMP’s has instead launched a nuclear strike on transparency with significant #FOI fallout. @DavidShoebridge has called it an “ugly precedent in secrecy”. #auspol michaelwest.com.au/foi-to-di…
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Paul retweeted
Jun 5
#AUKUS is a textbook example of the sunk cost FALLACY - a cognitive bias that sees people continue to pursue a project when it no longer makes sense, simply because they’ve already invested significant time, money and effort into it. #OnlyYOURMoney #auspol thesaturdaypaper.com.au/news…
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Paul retweeted
Jun 6
Labor must end their special treatment — on tax, public reporting, professional liability and whistleblower protections and regulate the Big Four like other large Australian firms. KPMG audits the RBA and runs its hotline. abc.net.au/news/2026-06-05/r…
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It’s time we stop the #AUKUS con.
Jun 6
Haha, hilarious.
The con is exposed!
The whole #AUKUS scam is now stripped bare.
It has always been a con to enable the US to get its hands on more Australian territory for their US military bases.
Bases for their subs, ships, bombers, marines, drones, spy bases, weapons storage, and getting an extra flag for their forced anti-China alliance.
Australia has been conned big time — and was taken there by a pack of traitorous collaborators. You know who I mean.
#AUKUS is dead in the water — but the occupation of Australia continues.
@ICAN_australia
@NuclearBan
@IPAusNet
@WagePeaceAU
@BaseWatchAU
@OzAntiBases
@MAPW_Australia @WarPowersReform @DeclassifiedAus
abc.net.au/news/2026-06-06/h…
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