Henry Madison Profile picture
Dec 11 6 tweets 3 min read
The RBA’s report into consumption during the pandemic is a very revealing insight into modern Australia. This is how a spoiled, snowflake society responds to an emergency. It missed its cafes, restaurants and recreational travel too much. /1 #covd19aus Image
This first graph shows how the consumption of goods not only barely declined, it actually went up during the pandemic. But services crashed. What services were these? /2 Image
‘Out and about’ services, predominantly cafes, restaurants and travel. Spending on eating out more than doubled in Australia between 2004 and 2019, pre-pandemic. That has been the main driving resistance to public health action during Covid, both from consumers and businesses. /3 Image
To this mix of hedonistic lifestyle interruption we can add the other great vampire squid on the face of Australian democracy, gambling. Public health action really upset the pokies. In NSW in particular, this was intolerable to the political donors, many of whom…/4 Image
…were also keen users of JobKeeper. Modern Australia increasingly is like a holiday resort for its own residents, who wine, dine, travel and gamble while foreign interests plunder their natural resources. /5

crikey.com.au/2021/09/10/mor…
RBA analysis is here: rba.gov.au/publications/b…

/end

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More from @RageSheen

Dec 12
If you’re an expert who understands the disaster of Covid, arguing the facts is a dead-end. Societies run using social rules, not facts. You have to interrupt the social conformity process. Your current fact-based resistance only reinforces the existing tribal groupings. /1 Image
It marks you out as part of an opposing group of some kind, to the Covid minimisers. It’s the oil in the whole machine. Society is much more like football than like science (and even science is much more like football than like science). It’s competing teams, quite literally. /2 Image
So how do we shift this? It’s not about replacing social conformity with facts, social conformity IS society. It’s what holds it together, at every scale, from schoolyard groups, to workplaces, research teams, sporting clubs etc. /3
Read 9 tweets
Dec 7
Neoliberalism has a chronic or 'long' form too. Long neoliberalism is what we're living now, where society is under siege from problems in every direction, and we can do nothing. Because there is no society. The neolibs deliberately destroyed it. /1
The acute phase of neoliberalism feels great, it's euphoric. Everything is flogged off and the proceeds are used to create rivers of budget gold, which then fund tens of billions in election bribes. Personal debt skyrockets as the flood of money inspires dreams of riches. /2
Then you arrive at long neoliberalism. Where the money has all evaporated, together with all of the collective institutions that are what society actually is. The things the neolibs sell and dismantle. Suddenly everything from plagues to weather catastrophes meet no response. /3
Read 5 tweets
Nov 21
The real problem here is our belief we can debate our way out of Covid, or climate change. The people who oppose doing both of those things are happy to overwhelm us with their BS in perpetuity. There is no conversation without a power balance. A short thread. /1
Try engaging in conversation with anybody of international fame, on Twitter. Nearly always you’ll fail, not because they’re bad people, but because with hundreds of thousands or millions of followers, they have to prioritise. Many openly claim they never read any comments,…/2
…it’s unmanageable. And it is, they’re right. The problem is our core belief, that society changes by everybody talking to everybody else, ‘the people’ driving change. That never happens, because it can’t physically happen. Conversation IS the engine room of all change, but…/3
Read 16 tweets
Nov 11
For decades we’ve lived with N=1 politics, the idea that individuals are all that’s real. It privatised and monetised society. Now this set of beliefs is infecting everybody, repeatedly. Time to expose the core beliefs in play here, if we’re to survive. /1
Because we all managed to struggle on, despite our health care and education and transport and everything else being sold off to the highest bidder and then used to enrich the buyers. We all got poorer and the outcomes in all of these areas declined. But society limped on. /2
Now we’ve reached a genuinely existential tipping point. Because we’ve privatised a pandemic. Across the world, entire populations are having forced infection and re-infection, in perpetuity, to satisfy this political belief system. Crumbling public life is joined by…/3
Read 17 tweets
Nov 11
I love the twaddle of modern economics. Inflation for example is often explained as being the result of insufficient supply to meet high demand. Like that magically puts prices up. Of course the seller in that situation can say, 'sorry this is the last one I have.' /1
And sell it for the same price as all the others. But instead they force all the people who want it to bid against each other, and then sell it to the highest bidder. They could have just drawn lots. But easier to use extortion instead, and call it 'supply and demand'. /2
That's what modern economics is, techno-twaddle rationalising the basest human behaviour. I had somebody tell me this morning that our current inflation is due to lockdowns. (Is there anything lockdowns can't do?) /3
Read 7 tweets
Nov 8
Why is democracy failing? Because we don't build things any more. An extension on the idea that most of what we call 'democracy' is really just engineering. Using this graph as a window to the real answer. /1 (source: minnpost.com/macro-micro-mi…) Image
US data, but not dissimilar to anywhere in the developed world. Since WW2, a huge shift in labour from actually building things, towards providing services. 'To go into service' used to mean being a servant. I don't think we connect a 'services economy' with servitude. /2 Image
But we should, it's just a modernised terminology for the same process. Some of this is us getting more efficient at production and manufacturing, because of technology. But much more it's about trying to redress falling profit margins after the enormous boom in consumer.../3 Image
Read 14 tweets

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