Politico-housing complex celebrates permacrisis

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What passes for national interest public policy these days is a bad joke. Nobody should laugh:

The Greens have agreed to support the Albanese government’s $10bn Housing Australia Future Fund (Haff) bill, guaranteeing it will pass the Senate after months of bitter negotiations.

On Monday the Greens leader, Adam Bandt, and housing spokesperson, Max Chandler-Mather, said the minor party would support the bill after securing a further $1bn for public and community housing but nothing additional for renters.

Chandler-Mather said the party had been “pragmatic” and understood “we’re not going to solve the entire housing crisis in one bill”.

Neither The Greens nor Labor is going to solve it at all. They created the crisis with quantitative peopling. They love the crisis. The crisis is the only economic policy that they have.

You see, quantitative peopling grows the economy. It doesn’t grow your share. Right now, your share is shrinking. But it grows the economy at the headline level, and that’s all Canberra cares about. It is enough for liars like Jim Chalmers to claim victory.

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The alternative path of productivity reform to grow incomes and broad living standards is too hard for the lily-livered pollies of today.

So, the pollies quantitatively people until all housing, health, education and infrastructure is debased while labelling any opposition racism or xenophobia.

Even though it is they who are taking liberties with Australia’s multicultural success. Crushloading everything insight and building resentment via falling living standards.

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This is growth by gaslighting. It is classic trickle-down economics. An ideology The Greens and Labor claim to oppose. It is enriching a small elite while everybody else goes backwards.

They are all in on it. The space between ALP, Greens and LNP is infinitesimal. The only difference is the last is the criminal, and the first two are the corrupt cops, especially the environmental vandals at The Greens.

It is the politico-housing complex at work, and nobody has done anything to fix it.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.