LABOR: GOOD VISION BUT WRONG DIRECTION

Originally posted at Australian Real Progressives

By now you have probably noticed Australian Real Progressives has a rather heavy focus on jobs.  This is because 2 million Australians are looking for work or more hours.

Anthony Albanese

Labor party leader Anthony Albanese gave a great speech in a vision statement about jobs.

Labor will always be better on health and education than the Coalition. That’s true. We actually believe that education is about creating opportunity, not just entrenching privilege. And we believe that health should be accessible to anyone regardless of their income. You should get proper health care. So, that’s a given. Specific policies, we’ll work on. We obviously will work on, in terms of the funding, that will be available. If we don’t have the same level of revenue, you can’t have the same level of expenditure. That’s just a fact.

Translating:

We obviously will work on [specific policies] in terms of funding that will be available.  If we don’t have the same level of revenue, you can’t have the same level of expenditure.  That’s just a fact.

Labor is often better on education and health, however, Albanese is mistaken in how modern macroeconomics works.  Australian Real Progressives uses the Modern Macroeconomic Toolkit (MMT) and knows that revenue raised by the Australian government is little more than an accounting artefact.  It does not shape funding.

Albanese and active members of the Labor Party would do well to take a look at

Read more at Australian Real Progressives

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