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Chalmers Offers Australia a New Deal

Peter Fenwick

Feb 27 2023

11 mins

It is going to be all right. The nasty people have gone. The good people are now in charge. Young, handsome, wise, thoughtful, caring Jim Chalmers is here to reassure you.

It is all in the Monthly, a left-wing magazine with an advertisement for a Rolex watch on the back cover. The Rolex is described as “soothing, moving, empowering”. Just like Jim Chalmers.

He titles his essay “Capitalism after the Crises”. He begins with some Greek philosophy: “No man ever steps into the same river twice. For it’s not the same river, and he’s not the same man.” It was the German Historical School, supporters of national socialism, who proposed the now discredited theory that economics varied with time and place and culture. We can assume that is not what Chalmers is proposing.

It is time for action. It is time to address the vulnerabilities that have been neglected for so long. We must make up for lost time. The old theories failed. We need new ones for a new age. Chalmers calls…

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