Defund the ABC

Modern Monetary Theory: How MMT is challenging the economic establishment

Illustration of a tree with money for leaves and lush flowers on the ground below where the money falls.

From the dumbest economic analysts in Australia, our very own ABC: Modern Monetary Theory: How MMT is challenging the economic establishment.

What if everything we thought we knew about public finance over the past 40 years has been wrong? A new economic theory has emerged that could rewrite our understanding of how governments create and spend money and what type of society we can afford to build.

And if it is correct, people may be furious. Because it could show that Australia’s political elite can afford to spend far more than they are on public health and education, social housing, scientific research and green energy schemes, while eliminating unemployment.

And yet they’re not — either from a misunderstanding of government finances or because they don’t want to. However, to embrace this radical economic theory you will have to forget what you’ve learned about budget deficits (that they’re bad) and government debt (that it burdens future generations).

Why? Because proponents of the theory say that far from being a problem, budget deficits are often a good thing — they can be the source of healthy economic growth.

More at the link and some previous discussion of MMT here.

Daniel Andrews is showing the way. He spends enormous amounts of money, but never finishes a project so that nothing is ever completed. Tunnels, train lines, you name it, he has left all kinds of useless projects halfway done, which even if completed would never earn as much in revenue as they cost to build. Just build it and they will come, they in this case being massive debt and deficits.

The ABC is filled with such deadheads. I never watch the thing myself but only found out about this from someone else who monitors the place. I don’t know how anyone can listen to such ignorance day after day, but I guess someone has to do it.

ABC delenda est which is Latin for Defund the ABC.

We urgently need a Royal Commission into the ABC

From Wikipedia: “Royal commissions are called to look into matters of great importance and usually controversy. These can be matters such as government structure, the treatment of minorities, events of considerable public concern or economic questions.”

Things have gone beyond tolerable. Picked this up today on the letters page at The Australian:

It’s pretty clear that the US riots sparked by the death of George Floyd have been hijacked by radical groups. US Attorney-General William Barr has sheeted much of the violence home to Antifa and its bunch of hard-left radicals. Far right groups are believed to be in the mix, too.

Listening to the ABC on Sunday you’d be in no doubt as to where the ABC came down on infiltration and mob violence: it’s almost entirely the work of the far right. The ABC interviewed one Andy Fleming, described as an “anti-fascist researcher”. He described the involvement of far right groups in the riots. Prompted on the involvement of Antifa and the left, he was strangely reticent.

Bemused by Fleming’s stance, I did a quick search and found out that there’s a little more to Fleming than the ABC suggested.

It seems that mystery man Fleming is “an Australian anarcho-communist journalist, academic and activist”. It’s pretty poor form that the ABC didn’t inform listeners of Fleming’s allegiances.

The ABC no longer represents anything other than a small smattering of far-left ignoramuses. Virtually no one any longer turns to the ABC for news, current events, documentaries or entertainment. It is a divisive institution filled with far-left ideologues which no longer serves any social purpose. It is a national embarrassment.

Make them justify their existence in front of a Royal Commission, if they can, which I doubt. And if they can’t, wind the place up.

As for Andy Fleming, this is what it says on Wikipedia, at least right now, until they try to hide the evidence:

Andy Fleming, also known as Slackbastard, is the pseudonym of an Australian anarcho-communist journalist, academic, and activist, known for his study of far-right parties and movements in Australia.[1][2] He has written for Guardian AustraliaNew Matilda, and the Overland journal.[1][3][4]

Fleming’s blog Slackbastard has reportedly received 7.5 million views since its foundation in 2005.[5] He has studied nationalist groups such as the United Patriots Front and Reclaim Australia.[6][7]

His use of politically motivated doxxing has been criticised as a form of political violence.[8] Despite attempts to identity Fleming, they [sic] currently remain anonymous.[9]

Bibliography[edit]

  • Rydgren, J., Fleming, A., & Mondon, A. (2018). The Radical Right in Australia. In The Oxford Handbook of the Radical Right.

References[edit]

  1. Jump up to:a b “Andy Fleming | The Guardian”The Guardian. Retrieved 7 April 2019.
  2. ^ Gregoire, Paul (21 April 2018). “The Rise of Australian Neo-Nazis: An Interview with Online Activist Slackbastard”Sydney Criminal Lawyers. Retrieved 7 April 2019.
  3. ^ “Andy Fleming Archives”New Matilda. Retrieved 15 April2019.
  4. ^ Fleming, Andy. “Andy Fleming”Overland literary journal. Retrieved 15 April 2019.
  5. ^ Groom, Nelson (23 April 2014). “This Guy Has Been Trolling Neo-Nazis for Nearly a Decade”Vice. Retrieved 15 April 2019.
  6. ^ Fleming, Andy (20 October 2015). “The UPF and Reclaim Australia aren’t ‘concerned parents’ or a bad joke | Andy Fleming”The Guardian. Retrieved 7 April 2019.
  7. ^ “FACT CHECK: Did ‘Melbourne Antifa’ Claim Responsibility for the Las Vegas Massacre?”Snopes.com. Retrieved 15 April2019.
  8. ^ “The doxxing ring”Honi Soit. 22 March 2018. Retrieved 15 April 2019.
  9. ^ McKenzie-Murray, Martin. “Hunting Australia’s neo-Nazis”The Saturday Paper. Retrieved 15 April 2019.

Seems par for the ABC course.

Government broadcasters are far left cells the world over

The pathetic sheltered workshop of far-left loons known as the ABC has its counterparts everywhere else. Here we take you to Canada which has its CBC, as unrepentant as any such bunch to be found anywhere. Here is a post by Kate McMillan at Small Dead Animals on Leave nasty comments for CBC and see what happens. As her own comments thread makes clear, the only characteristic that bands together all of the comments that are not posted by the CBC is that they are contrary to the views of the cadres who run the organisation. To understand the post and the comments thread that follows after, you need to know that the NDP is the Greens equivalent of Canada which may yet form the government after the election in October and whose leader is Thomas Mulcair. The Tories are the Conservatives led by Prime Minister Stephen Harper, similar to Tony Abbott in that he is a man of common sense surrounded by crazies, and those crazies are not just found in other parties. The Liberals (ie Labor) are led by the astonishingly vacuous Justin Trudeau who, like Hillary Clinton, leads the party only because of his family name. Here then are Kate’s words to start the post:

We all know CBC moderates comments. Most media outlets will. We do at The Rebel, we may be free speechers but there are people that say things that can get us sued, they spew profanity, they can do all kinds of things. So we moderate, every media outlet does.

So why on earth is CBC doing a story on the Conservative Party moderating comments on their social media feeds, other than the obvious answer – to make the Conservatives look bad.

While the Tories, the NDP and the Liberals all have active Instagram feeds, Meg Sinclair, a spokeswoman for Facebook Canada, said Harper’s account is the only one that has launched ads to date.
–snip–

Many of the early comments on the sponsored posts were critical of Harper and his government’s policies. Those comments have since disappeared.

Who the hell cares on the CBC? This is only about showing the Conservatives in a bad light.

Try this out, go to CBC’s site and leave rude and profane comments and see if they stay up or are deleted. Then drop me a line in the comments to let me know what happens.

No one will be surprised at the results, but they should be read as a measure of the difficulty parties of the right face in every jurisdiction. The people who run the media are articulate, have direct control of the most far-reaching media service in their own countries, have the marketing of left-wing sophistries down pat, are as devious as any leftist soap-box operator found anywhere, and have a loud aggressive audience who may be relatively small in numbers but are found everywhere, and importantly, often have the special mark of deep ignorance, a university degree in the humanities. These organisations also have a constituency within every party in which they operate. It is a formidable combination that has thus far proven impossible to root out. And now that they are discovering this for themselves, have become more arrogant and indifferent to the public with each passing year.

The ABC Board

These are the members of the ABC Board. Are they the people who are going to oblige the ABC to become fair and balanced? That’s apparently their legal responsibility. How likely is it? Between zero and none, it seems to me. As Malcolm Turnbull said, if you are not going to do your job, resign and let others who will take over.

James Spigelman AC QC
ABC Chairman
BA (Hons) LLB, Hon. LLD
1 April 2012 – 31 March 2017

James Spigelman was the Chief Justice and Lieutenant-Governor of New South Wales from 1998 to 2011. Between 1980 and 1998 he practised as a barrister in Sydney and was appointed QC in 1986. Between 1972 and 1976 he served as Senior Adviser and Principal Private Secretary to the Prime Minister of Australia and as Permanent Secretary of the Commonwealth Government’s Department of the Media. From 1976 to 1979 he was a member of Australian Law Reform Commission.

Mr Spigelman has served on the Boards and as Chair of a number of cultural and educational institutions including: Chair of the National Library of Australia between 2010 and 2012, Member of the Board of the Australian Film Finance Corporation between 1988 and 1992 (Chairman between 1990 and 1992), Member of the Board of the Art Gallery of New South Wales between 1980 and 1988 (Deputy Chairman between 1983 and 1988), and as President of the Museum of Applied Arts and Sciences between 1995 and 1998. In November 2012 he was appointed a Director of the Board of the Lowy Institute for International Policy. In 2013 he was appointed a Non-Permanent Judge of the Court of Final Appeal of Hong Kong.

Cheryl Bart AO
Lawyer and Company Director
BCom, LLB (UNSW), FAICD
3 June 2010 – 2 June 2015

Cheryl Bart is a non-executive director of Spark Infrastructure Ltd, South Australian Power Networks (formerly ETSA Utilities), SG Fleet Ltd, Audio Pixel Holdings Ltd, the Australian Himalayan Foundation, the Local Organising Committee Australian Asian Cup 2015 Ltd and the FFA ( Football Federation of Australia). She is also a Patron of SportsConnect.

She is the immediate past Chairman of ANZ Trustees Ltd, the South Australian Film Corporation, Adelaide Film Festival, Foundation for Alcohol Research and Education (FARE), and the Environment Protection Authority of South Australia.

Jane Bennett
Company Director
AdvCertAppSc (Dairy Tech), FAICD
30 June 2011 – 29 June 2016

Jane Bennett is the former Managing Director of Ashgrove Cheese, a family owned and run business in Tasmania. Ms Bennett is the immediate past chair of the Food Industry Advisory Council in Tasmania and is a Board Member of the Brand Tasmania Council. Her other directorships include the Australian Farm Institute, Tasmanian Ports Corporation and the CSIRO.

Peter Lewis
2 October 2014 – 1 October 2019

Peter Lewis is currently the Director of Finance for Acquire Learning and a member of the Advisory Board for Anacacia Capital. He has previously held board and advisory positions with the International Grammar School Sydney, TXA Australia Pty Ltd, Norwest Productions Pty Ltd, Propex Derivatives, Australian News Channel Pty Ltd, B Digital Limited, VividWireless Limited and Yahoo 7 Australia.

Mr Lewis has more than two decades of experience in both executive and financial roles in the media. He was appointed financial controller of the Network Ten between 1990 and 1994; the Head of Business Affairs for the Sydney Olympic Broadcasting Organisation between 1996 and 1998, Chief Financial Officer of the Seven Network Limited from 1998 to April 2010, was the Chief Financial Officer of Seven Group Holdings Limited from May 2010 to November 2011; was the Chief Operating Officer of Seven Media Group from July 2008 to January 2012 and was the Chief Financial Officer of Seven West Media Limited from May 2011 to May 2013.

Mr Lewis is also a Fellow of the Institute of Chartered Accountants in Australia, a member of the Australian Society of Certified Practicing Accountants and a Fellow of the Governance Institute of Australia.

Simon Mordant AM
Investment Banker
FCA (UK), FCA (Australia)
8 November 2012 – 7 November 2017

Simon has been a practising corporate adviser in Australia since 1984. He is Chairman of the Board of the Museum of Contemporary Art Australia. Simon is Australian Commissioner for the 2015 Venice Biennale, a member of the Leadership Council of the New Museum in New York and a member of the International Council of The Museum of Modern Art in New York, a member of the Executive Committee of the Tate International Council, a Director of Opera Australia and the Garvan Research Foundation, a member of the Wharton Executive Board for Asia and a member of the Italian Advisory Board for Venetian Heritage.

Matt Peacock
Journalist, ABC
Staff Elected Director
22 April 2013 – 21 April 2018

Matt is a senior journalist with the ABC’s 7.30 program, having formerly been ABC Radio’s chief political correspondent and reporter in New York, Washington and London. He is Adjunct Professor of Journalism with Sydney’s University of Technology (UTS) and has authored the book Killer Company (HarperCollins, 2009), a history of Australia’s largest asbestos manufacturer, James Hardie which inspired the ABC Television mini-series, Devil’s Dust.

Mark Scott AO
ABC Managing Director
BA, DipEd, MA (Syd.), MPubAdmin (Harv)
5 July 2006 – 4 July 2011; 5 July 2011 – 4 July 2016

Under Mark Scott’s leadership, the structure and operation of the ABC has been transformed and the ABC’s services and reach have been dramatically expanded. The ABC has established a reputation as Australia’s leading digital media innovator during this time. He has also led a shift within the organisation from a process-based culture to one that emphasises the values of Respect, Integrity, Collegiality and Innovation.

Before joining the ABC, Mr Scott served 12 years in a variety of editorial and executive positions with Fairfax Media, Editorial Director of the Fairfax newspaper and magazine division and Editor-in-Chief of Metropolitan, Regional and Community newspapers.

Steven Skala AO
Vice Chairman, Australia and New Zealand, of Deutsche Bank AG
BA LLB (Hons) (Qld) BCL (Oxon)
6 October 2005 – 5 October 2010; 24 November 2010 – 23 November 2015

Steven Skala is Vice Chairman, Australia and New Zealand, of Deutsche Bank AG, Chairman of Wilson HTM Investment Group Limited, and Hexima Limited. He is Vice President of the Board of the Walter & Eliza Hall Institute of Medical Research, Deputy Chairman of the General Sir John Monash Foundation, and a Director of the Centre for Independent Studies. Mr Skala serves as a Member of the International Council of the Museum of Modern Art (MoMA) in New York. He is the former Chairman of the Australian Centre for Contemporary Art and Film Australia Limited, and a former Director of The Australian Ballet.

Fiona Stanley

Patron and the founding Director of the Telethon Kids Institute (formerly Telethon Institute for Child Health Research)

MSc (Lon.), MD (WA), Hon. DSC (Murdoch), Hon DUniv (QUT), HonMD (Syd.), Hon. DUniv (Melb.), Hon. Dsc (ECU), Hon, FRACGP, Hon. FRCPCH (UK), FFPHM (UK), FAFPHM, FRAQNZCOG, FASSA, FAA, FRACP, FFCCH
30 June 2011 – 29 June 2016

Fiona Stanley is a Distinguished Research Professor in the School of Paediatrics and Child Health at the University of Western Australia, a Vice-Chancellor’s Fellow at the University of Melbourne, and Chair of the Alcohol Advertising Review Board, an initiative of the McCusker Centre for Action on Alcohol and Youth. Professor Stanley has more than 350 published papers, books and book chapters.

Why should the ABC have a view about anything?

An alert to this from Tim Blair who is now back and posting. It’s about whether we want a free (market) press or one overshadowed by a publicly funded media organisation who, not surprisingly, are muchly in favour of public funding for everything, including themselves. The article Tim has linked to is from The Telegraph in England and titled, “The BBC foists on us a skewed version of reality“. I’m not all that sure that even a press dependent on the market will be much an improvement given what we see in the United States but we can but try. From Janet Daley (the perfect name for someone commenting on the press), we find this observation amongst many others in an article worth reading in full:

Under the most serious peace-time threat to open and uncensored expression in centuries, the news media are plunged into a bloody bout of gratuitous self-harm. But what they are actually engaged in is a political argument about whether the purpose of journalism is to report the world as it is and to reflect the perceptions of people as they are – even if the results are sometimes ugly or unfair – or to purvey an idealised view of what life might be like if everyone felt and behaved differently.

You see, the ABC like the BBC is out to save us from ourselves and from the opinions we find in the media which provide discussions of the kinds of things most people agree with and are prepared to pay money to read.

So this is where the bigger question comes in: what is the dissemination of news for? For the BBC – by which I mean, for those who decide these things at the corporation – there is little doubt that the function of news broadcasting is to enlighten the public. I use that word advisedly, in its specialised sense, meaning not simply to inform but to ‘free from prejudice and superstition’.

BBC news output is specifically designed to counter what it sees as ignorance and popular prejudices. Its coverage of issues in which it believes such prejudices to be rife – immigration, for example – is intended to be instructional and, specifically corrective of what its managers think of, and describe openly in conversation, as the influence of the ‘Right-wing press’. . . .

The BBC approach to news is aimed precisely at those people who read the papers that are hated by its staff. It is intended to offer an alternative vision of reality in which immigration is not a threat to anyone, patriotism is a joke, religious belief (as opposed to ethnic identity) is not taken seriously, conflicting cultural values never create social problems and government spending is inherently virtuous.

At the ABC and not just there, the news is manipulated not by a sense of what’s newsworthy and important but by what those who edit believe will mould our opinions in the direction they would like them to be. If you are happy with the ABC wishlist view of the world shaping the kind of news you read, let us continue as we are. But if not, then an ABC 100% self-funded ought now to be high on the government agenda.