The Australian government’s business package, cobbled together to remedy their own sabotage of the economy, is as follows (real world translation of flowery speeches).
1 – Throw money at the banks and big business – those wealthy enough to be political sponsors,
2 – throw money at the voters – the employees/consumers, and
3 – stick the middle finger up at small business – inconsequential producers.
They have acted in accordance with the Keynesian nonsense that prosperity is brought about by consumption. They are about to learn that wealth comes from production, not consumption. The former must, entirely logically, precede the latter.
The wave of small business bankruptcies will eventually cause a rethink, but it will be too late to stop the ruination of the hopes, dreams and ‘get up and go’ of tens of thousands of Australians. They will lose their capital and, probably, their houses. Their crime was to break through all the impediments to being in business in order to ‘have a go’.
Ideally, the following points will be learnt from the Shutdown disaster:
a – Government is always the problem, not the solution,
b – we need to elect higher IQ people to parliament,
c – government should stop groping the economy with their dirty legislation, and
d – small business, not government, is the backbone of the nation,
I do not, of course, expect any of that to happen.