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The first step for a business person is to make the sale, usually by over-promising and tapping into the emotional triggers of the customer. That is what Trump did. Over and over, he assured everyone that electing him would be 'fantastic'; he would deliver; customer-value is in the bag. The next step, once the sale is made, is for a hard financial logic to be applied. Trump's hype will be, at the very least, toned down. Once the customer has coughed up, business people typically become extremely pragmatic.
The new situation was rammed home to me in a recent trip to a conference in Salamanca, where there is a Scottish seminary, and Madrid, where I have Spanish friends. Everyone I met was shocked at the news and it was as if there had been a death in the family. On the flight back to Edinburgh, it became clear to me that the Brexiteers were about to take my European nationality away from me and replace it with a Little Englander mentality that sees foreigners through a prism of otherness
At the opening of the Environmental Film Festival Australia in Melbourne last week, festival patron and former Greens senator Bob Brown highlighted the movement against oil drilling in the Great Australian Bight. He painted a picture wherein a major spill in the region could lead to an environmental disaster stretching as far from the site as the NSW coast. His words make the release of Deepwater Horizon, about the disaster that led to the 2010 BP oil spill in the Gulf of Mexico, even more timely.
There is much to welcome in the ideals spruiked in Minister Porter's proposed welfare reforms. Who could fail to be delighted if people are helped to support themselves, and the welfare bill is reduced as people no longer need support? The question left hanging is what drives these changes. Is the human welfare of our fellow Australians the goal towards which the budgetary changes are a means? Or are budgetary savings the goal to which the treatment of our fellow Australians will be a means?
It is a welcome change to see budgets spoken of in moral terms. The government recently insisted on a moral responsibility to future generations to fix the deficit. And the Australian Catholic bishops welcomed on moral grounds the compromise that saw dropped from the budget measures which would further disadvantage vulnerable people. The difference was that the government's argument was focused on the budget, whereas the bishops' focused on particular groups of people.
The main legislative catalyst for the GFC was the repeal, in 1999 by Bill Clinton, of the Glass Steagall Act, which had prohibited commercial banks from engaging in the investment business. This allowed the investment banks to indulge in the debauch of financial invention that almost destroyed the world's monetary system. Trump has made the reinstatement of Glass Steagall official policy. Should that happen, it could be the most beneficial development in the global financial system for decades.
Turnbull had hoped to bring about a new Senate with most of the 'troublemakers' gone. But the new cross-bench seems certain to be both larger and more diverse. Commentary since the election has concentrated primarily on how the numbers in the new Senate will make it difficult for Turnbull. A better focus would be to look back at Senate-government interaction over the past two years for some positive lessons for Turnbull about what actually happened. It was not just a numbers game.
'I'm doing it for my kids.' This is how some supporters of Brexit explained their position before the referendum. Yet 75 per cent of voters aged 18 to 24 voted to Remain. It seems the message from 'the kids' to older voters was 'thanks, but no thanks'. The same can be seen in domestic politics here in Australia. We often hear politicians and voters talk about the effects of a policy on future generations. Yet the issues of concern to young people themselves simply don't get much attention.
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