Does Australia need a Korean coup to wake up to falling living standards? No. Once that cat is out of the bag, then the fall accelerates, ala Argentina.
John Authors today looks at what South Korea’s martial law episode signifies.
At present, it looks like Yoon’s bid for power rather resembles the coup against Mikhail Gorbachev by Communist hardliners in 1991, which failed quickly and precipitated the fall of the Soviet Union. Attempting such a thing is a sign of weakness. Defeat can be final. So Korea’s defenses have been tested, and it looks like democracy has survived, which most of us will be happy about. But the analogy with the Soviet Union is still not encouraging; there, the old order was ready to fall, but it was followed by years of chaos.
Stand further back, however, and it’s notable that the list of normally stable and healthy democracies now mired in serious political uncertainty — France, Germany, Japan, South Korea — reads like a roll call of the greatest beneficiaries of the postwar Pax Americana economic order that now appears to be ending. If any country was the ultimate exemplar of globalization, it’s South Korea. This probably isn’t a coincidence. These nations face a big test, and electorates and political establishments are fragmenting under pressure.
Countries around the world have punished incumbents this year. This has led to increasingly intractable logjams (as in France), and desperate attempts to assert order (most notably in Korea). It’s obvious that voters across the world cannot abide the status quo and are looking for new, more populist alternatives. Thrashing out exactly what that alternative will be, while the global hegemonic power withdraws support, promises to be perilous.
I have long argued that client states take on the command and control aspects of the dominant hegemon.
This is one reason why I fight the local and regional soft power rise of China. Were it to predominate, it would not need to invade to take over.
Local stooges would be in place long before any foreign troops were needed.
So, will we take on the populism of the US? Let’s hope so.
Nowhere in the world have living standards been so thoroughly debauched by the woke mind virus than in Australia.
This is not because Australia is more progressive than elsewhere. It is more that case that woke resonates with the particular nature of Australian corruption more than it does elsewhere.
Our vested interests—political parties and corporations—use it to perpetuate structural imbalances rather than address them.
I am talking mostly about the immigration-led economic model, which is a systematic class war rebranded as a progressive utopia.
Even today, as the media discusses nearly a full political term of economic failure, following a lost decade of economic failure, there is almost no mention of the immigration-led growth model as the cause.
Yet it is the primary driver of capital shallowing, failed productivity, weak wages, housing disenfranchisement, crushloaded public services, environmental destruction, and cultural erosion.
All fisted into Australia by an elite with no better idea than to brand opposition “racist”.
Ergo, Australian living standards would benefit enormously from the rise of any “populist” focused on reinstating the borders while reforming the cartels that profit from its loss.
The problem with our would-be populist, Peter Dutton, is that he is not populist enough.
