This is the time to see the reality underneath what we call the 'Economy'. The government is campaigning on…
This is the time to see the reality underneath what we call the 'Economy'. The government is campaigning on 2-3 economic metrics (unemployment, growth etc.), but people know their wages are still going nowhere, their jobs are insecure, they're all getting sick with Covid. /1
The 'Economy' is literally a political construction, invented by conservative politicians, to avoid having to talk about basic political issues like wages, health, inequality, etc. It's the tiniest handful of indicators overlaid upon the vast complexity of social life. /2
It's their substitute for society. They can then bypass all social problems, and talk about the 'Economy' like some objective mathematical machine whose 'laws' we all have to follow. Even more laughably absurd, they then say all of those social problems can't be fixed until.../3
...'the Economy' is going well enough to provide money, to fix them. Like all of society ceases to function without the money the supposed Economy provides. It's a complete, back-to-front fiction. Covid showed it, economic activity stops when people get sick. /4
What generates wealth is people, doing social things, like working. That's what generates the money, not the other way around. When a conservative says 'we can't afford' to fix something, what they really mean is they don't want to fix it. Society can choose to do whatever.../5
...it likes, and the money will then flow to that. Conservatives right now in Oz have allocated about $180 billion in tax cuts to the wealthy. They didn't ask how we can afford that. /end