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Although there has been a reasonable level of attention paid to governance issues — such as the incredibly slow vaccine roll out, the ongoing problems with hotel quarantine, and the timing of the lockdown itself — Sydney’s current lockdown has also been marked by an unhelpful focus on individual actions.
In Victoria the latest lockdown has prompted fresh questioning of the business-as-before approach to life after COVID-19. In particular it urges renewed reflection on the connection between the remuneration of work and its importance to society.
An often overlooked fact about the financial system is that it entirely depends on trust. When trust starts to evaporate, especially between the big players such as banks and insurance companies, the whole artifice is put into peril. Trust in the system is now at an extreme low and that points to extreme danger.
The fact is that money still buys a better service from the legal system, and to claim otherwise is to throw out the most basic principles of an economy. After all, if there were no benefit to be gained from backing up a truck full of money and tipping 30 or 40 grand a day into a team of silks, junior barristers and top tier solicitors, why would those with the means do it? To argue the contrary beggars belief. And if the observation is accepted, what does that tell us about the rule of law?
The Morrison government will use the federal budget to set an agenda which will focus on those policies which will deliver it victory at the next election and reconnect — at a policy level — with its traditional supporter base. The reconnection with parts of its base could spell trouble for charities that undertake advocacy activities.
It is axiomatic that all intelligent people consider polls on political intentions to be unreliable. That no doubt says something about the mental acuity of those of us who duly glance at the news poll every month or so. The breakdown of the figures of this and similar polls, however, was interesting. It showed that support for the Prime Minister had declined substantially among women, but had remained steady or increased among men.
The controversy over the shares of US video game company GameStop has again exposed what has long been obvious: there is something seriously rotten in the state of the world’s financial markets. It was a battle between a hedge fund, Melvin Capital, which manages $US13 billion, and a small group of ‘amateur’ investors who communicated with each other on a Reddit forum called WallStreetBets.
Google likes playing the equality-for-all card in the news business. This, from a company that behaves, across the provision of its services, monopolistically and ruthlessly.
Many in the community are crying out for accountability. The idea is appealing because it sounds like a simple framework, but in practice it is extremely difficult to apply.
Amid the disruption of predictable life wrought by the coronavirus, governments have focused on jobs. Jobs lost in the response to the virus, and jobs created as we emerge from the crisis. The focus is worthy — behind each job lost is a person whose life has become anxious and uncertain. The language, however, is concerning. Defining the challenge as one of creating jobs expresses an understanding of work, the inadequacy of which the coronavirus has laid bare.
If they are to enlist the support of their people in acting responsibly in the face of coronavirus, governments must themselves practice responsibility. They must look to the good of the whole community, and especially to disadvantaged people who are at the greatest risk of contracting the coronavirus.
I’ve been left wondering at the amount of oxygen being given to a particular branch of ‘pandemic analysis’, one that sees cost-benefit analysis taking centre stage, with all the disturbing suggestions that follow.
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