It is so heartening hearing that South Australia is now trying to nationalize the Electricity industry. Remember Australia had a Commonwealth Bank, the GIO, the PMG and above all we owned our resources. It was all owned by Australia and its people, us. We were rich. Australia was a country who had it all. The envy of the world.
And then, the ugliness of capitalism reared its head. It started with lowering taxation. Government after government got in by waxing and manuring greed by promising to lower taxation. The inevitable shortfall of revenue was fixed by selling everything under the sun. Leases on vast areas of our resources were sold to individuals who started companies specialising in selling our previously owned coal, iron ore, uranium, silver, gold, oil and much more to the highest bidders. Enormous profits were distributed to shareholders but not to the people who previously owned it all.
And then after selling off the resources that Australia has almost unlimited ownership off to private individuals, our Government owned bank, The Commonwealth Bank, was sold off, followed by our own insurance company , The GIO, followed hot on the heels by Post Master General, morphing into the present Telstra. The Government had once again some more revenue, enough to prop up creaking infrastructures, health, schools, roads, public transport.
But when all that money went, poverty crept in once again. It became harder and harder to find the money. Increasing revenue through taxation was electoral suicide. It was easier to allow poverty to creep into the masses. Pensions were cut, social services were cut, queues at hospitals became longer. The divide between the haves and have nots became wider. Educational levels lowered, students are now struggling to get basic language and numeracy skills. Skilled jobs were filled by importing overseas workers and so the list goes on.
The States too, got onto selling stuff. Water was privatised, and electricity. Poles and Wires with both water and electricity prices going through the roof. Shareholders are rubbing their hands in glee. Riches are made but only to the few. The money made out of selling public utilities are only short term solutions. It should never have happened. Australia should have kept control of its country. Why are French companies now running and determining the electricity prices in South Australia? It is crazy.
Is it time to take it back? Nationalise what previously was owned by us, the people. South Australia is on the way of doing that. We should applaud that. Did anyone watch the ABC’s Four Corners program on the state of the US. People earning such low wages, whole families living in tents or single rooms. Kids being fed packets of chips or stale pizzas. All those glittering advertisement, miles of MacDonald’s signs and the insane grinning Colonel Kentucky chickens running amok. They are now the largest employers of people who get payed so little they are reduced to dismal poverty. They try and smile so heroically; what would you like with your chicken/ hamburger sir, they say while wearing a cap?
Surely proof of terminal capitalism in its death throes.