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Removing the requirement that financial advisers act in the best interest of their clients will reveal financial advisers for what they really are: salespeople for the banks' wealth management platforms. Tony Abbott argues that the changes will remove 'red tape' and declaimed: 'We're creating the biggest bonfire of regulations in our country's history.' This is a duplicitous use of language that misunderstands how the finance sector works.
The PM's poker face flickers like a faulty switch, he comes across as dense or kitsch when he obfuscates and dickers ... Get your righteous on, dear Tony; and feed all the forsaken to your economic Kraken conjured by your faith a'phony, knowing that your right to rule is your equal right to maim, and the discourse runs the same: the worker is a tool.
Economics is full of circular arguments. The Government is on the one hand arguing — most notably with the SPC Ardmona case, the exit of the car manufacturers and Qantas — that it will not get involved in supporting Australia's industry base. But then it argues that its policies will boost Australia's industry base. Lower unemployment will inevitably follow. For the first time ever it is apparently possible to have it both ways.
Greens Senator Scott Ludlam this week excoriated Tony Abbott, homing in on Abbott's politics of fear. Whatever you think of the speech, its implication was that politics includes a struggle over the cultivation, control and directing of public emotions. While our instinct is to think of our politics in terms of discussion and consensus, the public sphere also includes forms of expression beyond speech, such as ritual, recognition and mourning.
Tony Abbott's 'We warn the Czar' statements were ludicrously over-the-top, though clearly he was responding to a Washington appeal to friendly allies to say something. I hope Australia will not continue to overplay its hand in the Security Council. There is no point in gratuitously offending Moscow on an issue that is outside our strategic area of interest and raises no human rights concerns whatsoever.
In the face of the Federal Government's resolve to be unemotional in its attitude to financial assistance for Qantas, we have Bill Shorten warning us against 'waving goodbye to an Australian icon'. Underlying mention of Qantas as an 'Australian icon' could be the sentiment associated with the 1990s resurgence of nationalism and its racist undertones associated with Pauline Hanson.
Over the past week of Parliament, we have seen the strange and distressing spectacle of Labor timidly criticising the Government's handling of the events on Manus Island. If it were brave enough, Labor could use these events as a trigger for policy change. To call for the Manus centre to close, and for detention and processing centres in Australia to reopen, would be the moral policy for Labor at this point.
Tony Abbott has described Japan as Australia's 'best friend in Asia'. When he journeys to Japan in April and his Japanese counterpart Shinzo Abe reciprocates in July, the two leaders will move to cement a new 'normal' in the relationship between their nations, including closer defence cooperation. As a correspondent in Japan in the '80s and '90s, I believed Japan's extreme right to be noisy but irrelevant. I'm now coming around to a different view.
Manus is not subject to Australian law and public accountability safeguards, or only very imperfectly. Cover-up of atrocity is a lot easier in Manus than it would be in an Australian detention centre. And this of course is what was intended. Manus is part of the asylum-seeker deterrent system. The fear of death at sea, and the fear of death by security force brutalisation at Manus, are intended to deter asylum-seeker voyages. To stop the boats.
With the Australian economy in disarray, the Abbott Government is showing keen interest in New Zealand's projected unusually high growth. But NZ's status as a rock star economy is in question from commentators who say it has never recovered from major policy shifts 30 years ago. In particular its sexy image on the global business stage does not translate to a better life for those on low incomes, particularly women and children.
The Prime Minister's Closing the Gap speech to Federal Parliament last Wednesday was a finely crafted piece of work that failed to hit the spot. It seems that 'Closing the Gap' is the Government's Indigenous policy. Yet it can be seen as a justification for getting out the big stick to achieve short term gains that will look good on the Government's own political report card.
View this week's offering from Eureka Street's award winning political cartoonist.
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