What will it take for Australia to revolt?

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US broadcasting legend, Larry King, says we should already be reaching for the revolver, at The Australian:

Veteran newsman Larry King has attacked Australia’s draconian freedom-of-speech laws, saying he would “react with violence” if police raided his home in a bid to identify the source of a story.

The American broadcaster, who hosted the eponymous Larry King Live on CNN for a quarter of a century, called on Scott Morrison to introduce legislation ­properly protecting whistleblowers and journalists, describing them as the cornerstone of a ­robust democracy.

King said he was outraged to learn Australian Federal Police had raided the home of News Corp Australia reporter Annika Smethurst and the ABC’s Sydney headquarters in June, in a crackdown on public interest reporting reliant on whistleblowers.

“I am not a violent person but, if that had happened to me, I would have reacted with violence,” the 85-year-old told The Australian.

Meanwhile, Marxism fantacist, Guy Rundle, says its inevitable at Crikey:

Nearly 10 years ago, the series of uprisings known as the Arab Spring began — triggered by outrage at corruption, Wikileaks revelations, the self-immolation of Tunisian vegetable seller Mohamed Bouazizi and, above all, mobilisation in Cairo. The first uprising substantially entwined with social media — the then-relatively new Twitter and Facebook — ensuring the event rapidly globalised.

As the journalist Paul Mason noted, by this point the world was thronged with newly-minted graduates — products of the long boom, whose futures were now cancelled by the 2008 crash. The disjuncture had created a fatal gap within which absolute demands for recognition and justice could form.

From Greece to Occupy to the Arab Spring, such malcontents had formed a new class in their own right, less likely to stoically accept a tightening of conditions than beaten-down workers and peasants. The new class could come together thanks to two newish things — the smartphone and social media — which in turn shaped their resistant identity.

Now, the world is rising up again. From Lebanon to Chile to France to Hong Kong people are in the streets. But this time it’s not principally or even significantly this new class; its gone one stage down to the old-fashioned working class.

In France it began with the gilets jaunes, protesters of a fuel tax, who had donned the safety vest that all French drivers have to carry in their car boot. They were angry that Macron’s elite government, who were flying everywhere, had imposed a tax which took many to the edge of solvency, and then airily spoke about climate change.

In Chile, the first neoliberal society — the wisdom of Hayek and Friedman imposed with death squads — the cause has been a hike in subway fares; in Ecuador, it’s the withdrawal of fuel subsidies. And in Lebanon the protests were triggered over taxes on use of the WhatsApp messaging system.

It would be easy to mistake these for old-fashioned middle class tax revolts (and I’m sure the IPA will), but something else is clearly going on. Governments with both a shrinking revenue base due to the mobility of capital, and with debt increasingly weighing upon them, are turning to easily applicable “life taxes” to fill the gap. These fall on workers and are better seen as a wage cut than a tax rise. For many, such taxes carve into their basic ability to live anything other than a “bare” life.

This sudden shift in peoples’ willingness to put up with the slow stagnation of their conditions is yet another sign that the decade-long period of “quantitative easing” has ended, and the effects of that are beginning to be felt. There was no real recovery after 2008; simply money pumped in vast quantities, much of it hoarded by its recipients (beneficiaries of bond buy-backs), and inflating prices on the real conditions of life. The money that did trickle down pooled into the easiest channels; start ups with no revenue base or realistic business plan, and consumer franchises.

…What happens next? This wave will eventually crash across the Anglosphere when all the Trump-Brexit bluster is revealed as such. And of course the ethno-nationalist right will adapt it to their own, more lethal, ends.

And in Australia? Should a major reversal hit this place, watch out. The hidden contradictions here are greater than elsewhere. Our traditions of mass protest are sleeping, but not yet dead. Politics, like economics, is a matter of time. That time comes when you can only live by changing life; a point that is reached when you can’t buy a tram ticket; when your life is weighed in the scales that have been taken from you.

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I wish. Liberalism needs a reboot. As much to escape the totalitarian clutches of globalists like Rundle as it does to dodge the ethno-nationalist right”. Both are the enemy of progress.

But we have no history of mass protest worthy of the name to point to.

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.