The Monthly article : A case of Rudd speaking for Beijing?

"The time has come, off the back of the current crisis, to proclaim that the great neo-liberal experiment of the past 30 years has failed; that the emperor has no clothes....Neo-liberalism and the free-market fundamentalism it has produced has been revealed as little more than personal greed dressed up as an economic philosophy.....Minor tweakings of long established orthodoxies will not do,"

Lu Kewen, aka Kevin Rudd, Prime Minister of Australia ; The Monthly, February 2009, No. 42 (http://www.themonthly.com.au/tm/node/1417)




"....it is necessary to reassess the existing US dollar-dominated international financial system. It is a speculation-rife, supervision-lacking system.
After the collapse of the Bretton Woods System in the early 1970s, the US rushed to introduce the Jamaica System, which is still in effect, in an attempt to carry forward its financial dominance. The Jamaica System, strictly speaking, is not new, and it has elements of Bretton Woods.

Under this financial structure, the US has excessively indulged itself in the benefits, but has tried to shrink from its responsibility as the world's largest economy. The superpower's unrestrained issuance of dollars to bolster its unrestrained domestic credit consumption and its efforts to maximize its national interests by adopting policies, such as transferring financial risk and crisis to other countries, has added vulnerability to the international financial system.

An absolute authority always leads to corruption. The unchallenged hegemony of the US has contributed to its abuse of power and conduct...As an important prop of the Bretton Woods System, the International Monetary Fund (IMF), has long been utilized by the US as a tool to push for neo-liberalism worldwide."
Jiang Yong , China Institute of Contemporary International Relations;
China Daily;15 November 2008

Comments

Post a Comment

Popular posts from this blog

AG NSW Mark Speakman, two Sydney University appointments by former USYD General Counsel Richard Fisher, the NSW LPAB, and Sydney Water- Speakman has even more election funding questions to answer as he defends his NSW seat of Cronulla

Image
by Ganesh Sahathevan        NSW AG Mark Speakman defending his Cronulla seat In 2013 the then NSW Minister for Finance Greg Pearce was sacked by the then  NSW Premier Barry O'Farrell for not disclosing a conflict of interest when he appointed the former  Sydney University General Counsel Richard Fisher to the board of Sydney Water.  Fairfax Media reported the details:  Fairfax Media has been told the lawyer Richard Fisher ''picked up the tab'' for the party to celebrate Mr Pearce's marriage to Shauna Jarrett, which was held a year before the Coalition took power in NSW and Mr Pearce became minister for finance and services. It has emerged that Ms Jarrett reports to Mr Fisher at the University of Sydney, where he is the general counsel. This was not disclosed to cabinet before it endorsed Mr Fisher's appointment in what Mr O'Farrell described as a ''clear breach'' of the ministerial code of conduct. Mr O'Farrell said he dismissed Mr Pe...
Read more

Sydney is not Soweto, its Asian migrants are not coloureds, or persons of colour - South African Australian Judge Angus Morkel Stewart's decision in Faruqi v Hanson an insult to anyone who is not white

Image
 by Ganesh Sahathevan  In the recent Federal Court Australia decision in   Faruqi v Hanson   Mr Justice Angus Morkel Stewart (Stewart J)  found at [242]: I am comfortably satisfied that both groups of people in Australia that I have identified, being persons of colour who are migrants or of relatively recent migrant heritage and persons of colour who are Muslim, are reasonably likely, in all the circumstances, to have been offended (ie profoundly and seriously), insulted, humiliated and intimidated by Senator (Pauline ) Hanson’s tweet. The case concerned   a tweet  that One Nation leader Pauline Hanson directed at  Deputy Greens leader Senator  Mehreen Faruqi. Mehreen is Pakistani Muslim who continues to advocate for Pakistan as a senator of the Senate, Parliament Of Australia.  Senator Hanson wrote in her tweet "piss off back to Pakistan" after Senator Faruqi commented on the death of Queen Elizabeth II. While Stewart J's has hand...
Read more

Government funding for the College Of Law PLT where students are assessed on the quality of their reflection on their work experience , not the quality of their work experience

Image
 by Ganesh Sahathevan  The above has been extracted from the latest College Of Law Ltd's annual report.  The substantial government funding is provided via the Commonwealth's FEE HELP facility.  The Practical Legal Training (PLT)  which the College runs, and which is a prerequisite for admission to practise  in NSW, has the imprimatur  of the Chief Justice NSW, Tom Bathurst, in his capacity as Chairman of the the NSW Legal Profession Admission Board.  College Academic Director Lewis Patrick has said that in assessing the work experience component of the PLT  "  the College is not assessing the quality of (the student's) work experience, but rather the quality of (the student's)  reflections  on that experience . The College's PLT course is now mostly on-line, and there are problems with delivery and infrastructure. Its FEE HELP cashflow is being utilised to finance its expansion overseas. TO BE READ WITH  Fa...
Read more