Mangled Thoughts

Following Bastiat’s summary of combat, yet, “Inept” is rather a polite description of the HR Nicholls Society, the IPA, the CIS, Quadrant, and the journalists pretending to be economic commentators, Alan Wood and Terry McCrann. How bad that lot is typified by the HR Nicholls Society’s demolition of what is a sound, thus highly moral, case, freeing up labour markets.

It is curious, however, to muse, as the reform was a major objective of the Federal Cabinet, the same failed to prepare the case far more thoroughly before launching it, by seeking out and inviting others who could supply sound ,as well as contrary advice ( to examine it thoroughly) rather than relying on the HRNS. In fact, the really amusing thing, they need not have paid a single cent for sound advice.

Mr. Jackson laid the case out exhaustively on Brookesnews and then in Labour Market Wars. Moreover, even funny, in two podcasts, in a series of seven, by Prodos, Mr. Jackson not only reprised the economics of labour markets, and why the opponents were wrong, and where they were wrong, but, whether it was his intention to do so or not I can’t tell, but it comes across as:

He also mapped out a public campaign for the Cabinet. He laid out how to take on union bosses, hit them with accurate fire, and win. Moreover, he made plain, the campaign had to pay respect to voters, laying out the case soundly, to demonstrate it is sound, and thus win agreement through sweet reason.

Labor Market Reform: How Unions and Governments Cause Unemployment

2006Labor Market Reform: Can unions protect wages?

[The full series is available on the link attached to the above podcasts.]

But that is not what the Cabinet and the HRNS did. They did not run on sound economic theory. They did not study their opponents. They did not study what they had to do convince voters. They did not study their opponents, and discover how to hurt them, and in open public exchange in and outside the media, in and outside of Parliament, blow for blow.

Their failure and cowardice ensured voters were not engaged. Voters went to sleep and the opponents to reform found the battlefield clear to run riot over a pack of puny, inept twits - principally Hugh Morgan, Des Moore and Ray Evans.

Their failure and cowardice , typical of leftists and rightists, told voters that the in-group regard them as nothing more than children. Children, not anyone of reason, are spoken down to and disciplined. Disgustingly, the tactics taken were those favoured by charlatans, gurus, and the left, regard Australians as infantile and spank them.

Indeed, those three gurus killed the campaign on the very night it was launched, as we have written up. Hugh Morgan, fresh from purchasing a $750,000 painting, appeared on the ABC to tell us that Australians on the minimum wage were overpaid. How insular, how nasty, how unprincipled, how callous, how contemptuous of Australians this multimillionaire was, and still is ( as we will prove in another article).

It is worth keeping to the fore: that lot are completely ignorant of the economics of labour markets to the extent that they asserted as true the very falsehoods the opponents used to try and defeat the reforms and, unfortuantely, with great success ( we will adrumbate how ret their victory is in another item). Jackson has covered the falsehoods that not only theleft told, but also self styled free market warriors iterated as true economic thoerems. I’ve covered a number of what are not mere falsehoods, not even mistakes, but lies. ( The files will be up opn this site Wednesday, as well as those covering the KKR).

One thing I didn’t cover is:

Capital theory is completely missing in the papers and statements of Des Moore, Ray Evans and Hugh Morgan. By this, I mean elementary theory, for capital and capital formation is itself a massive field in economic theory. For readers wishing to find out and learn what they will never get a hint of from the HR Nicholls Society, the IPA and the CIS, we will put up a reading list but, be warned, don’t bother if you are like that lot, and won’t apply yourself to absorbing and understanding the subject matter.

This article will be resumed after Tuesday next.