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26 November 1982. Thought for the Week: "Most of the giant firms he (Lenin) attacked repeatedly and explicitly as symbols of the new imperialism are among today's leading giant multinationals and leaders in the penetration of the modern imperialism into the socialist motherland: Standard Oil, Shell Oil, General Electric, Siemens, Krupp, and some of today's leading multinational banks, such as Morgan Guaranty Trust, Deutsche Bank, Credit Lyonnais, PARIBAS, and especially Chase Manhattan and the oil banks of the Rockefellers".
Charles Levison, in Vodka-Cola (1980)
Mr. Jeremy Lee filed this report while
on his recent New Zealand tour
Lord Lever then went on to imply he was
offering the only possible solution to a crisis caused by
this amazing shortsightedness of governments and bankers.
His proposals were carefully set out, and can be condensed
The sheer brilliance of his plan is astounding. One can only wonder why the Fabian Society, the Club of Rome, the Bilderbergers, the Trilateral Commission, the Council of Foreign Relations, Parliamentarians For World Order, and the Commissioners who produced the Brandt Report have never thought of it before.
Muldoon himself has now come out that something along the lines of the Brandt Report must be introduced. This links him directly with New Zealand's left-winger Richard Prebble on the Council of Parliamentarians for World Order, which is committed to the Brandt Report. World Government seems very much in vogue in New Zealand just at present.
"Australia's Deputy P.M. Doug Anthony has just been in New Zealand for talks with Prime Minister Muldoon on 'Closer Economic Relations' (CER) between the two countries. New Zealand is desperately keen to get a bigger access to Australian markets for primary produce, but does not want to compromise its manufacturing sector by giving Australia greater access in return. The promised agreement has been 'temporarily postponed'.
With the biggest per capita overseas debt in the world, New Zealand must maintain and increase its rural exports to keep the bankers happy. However, the world recession is closing markets fast. Freezing works throughout the country are full-to-capacity with fat lamb. It is reported that the Wool Board is seeking additional storage for wool stocks. The Meat Board has bluntly said it is taking over all marketing, whether farmers like it or not, just as Trueau's Canagrex marketing plan is doing in Canada. New Zealand's Dairy Industry is in reasonable condition at present, but huge world butter stocks cast a menacing shadow.
Although the EEC has an official ban on butter sales to the U.S.S.R., it has circumvented the ban by mixing butter with vegetable oils, thus gaining a larger subsidy into the bargain. EEC exports to the U.S.S.R. were 134,000 tonnes in 1979; 150,000 tonnes in 1980, and 110,000 tones last year. New Zealand's exports of butter to the U.S.S.R. were 50,000 tonnes last year and 34,000 tonnes last year.
New Zealand's dairy future depends on
maintaining a market quota to Britain, hotly opposed by other
EEC countries. However, the French Agricultural Minister,
Edith Cresson, has reluctantly agreed to New Zealand's continued
access to the British market, provided the EEC ban on butter
shipments to the U.S.S.R. are lifted.
A DIFFERENT APPROACH TO UNEMPLOYMENT
Highton, Victoria, Actionist Mr. Neil
McDonald, has offered the following comment on unemployment
to a local paper:
Oh yes: there's money around for those who wish to incur borrowing, and spend tomorrow's income on today's goods. But it just doesn't add up properly. Australia has a national debt.... and so to has every other country. Somewhere surely, there must be a country in credit But no, that hasn't happened. Even in the millionaire littered U.S.A. there's gloom amidst the boom. Rockets, and dole queues, and a national debt running into billions Unpayable - only if book figures are not cancelled. But physically, the productive facts are not matched by the financial symbols.
"Why must Australia reel into a desperate depression because of a ripple somewhere overseas? There is abundance here beyond our modest needs. Houses are unborn even though materials are waiting for use. Our woollen mills are asleep, and shiploads of wheat and sheep are exported without us missing a meal.
"The Government, Unions, and churches are silent as to the causes of unemployment and depression. Job creation only aggravates the situation. The age of leisure is here - just as Jesus predicted... 'I come that ye may have life, abundantly'. We reject the prosperity, which awaits us, which would bring joy, as do presents to a child on Christmas morn.
"The immediate solution seems to be - opportunity for every youth to either enter the work force, or accept an adequate leisure pension. Early retirement - also with adequate pension. Wake up, Australia.
THE WAGES FREEZE
"The Federal Government's badly strained Budget deficit will increase if the proposed wages freeze goes ahead". - Michelle Grattan, in The Age (Melbourne) November 22nd.
Once again, the politicians - echoing the economists - desperately attempt to operate the inoperable. The wages freeze will mean that Treasury revenue from future taxation will be less than anticipated. As has been clearly demonstrated in the past, wage freezes do not prevent price increases and the wages factor in prices is less now than was the case even ten years ago. The unions are not likely to submit to wage freezes at least without corresponding price freezes: and these in turn do not hold prices down, long term. They just clamp the lid for a time on a pot of boiling water, which would eventually explode if held down long enough. Even Mr. Macphee has recognised these realities, as well as conceding that the wages freeze will bring about a reduction in the standard of living for most. But what's the use of understanding it, if not doing anything about it?!
All these factors have to be balanced by the election-desperate Mr. Fraser against the political considerations of advantage to the Liberals. That election! When can it be brought on? Then there are the States: three Labor Premiers. With the likelihood that two more Labor Premiers are to come. We foresee the probability that Queensland, in the not distant future, will have the only non- Labor Government in Australia; and what political turbulence such a situation could release!
We can see no alternative to the above scenario. The politicians and the economists can shuffle wages and prices freezes until they are blue in the face: all they will do will be to further foment social/ industrial turmoil. No solution to our social industrial ills is possible which does not transgress the tenents of orthodox finance. For that reason action based on the 4 point programme set out in last week's On Target will be a required first step to our recovery.
In the Geelong Advertiser (Nov. 18th) article - "Price Control a Vital Weapon" - there is some economic commonsense. It mentions, "During the war, price control was very effective." BUT, at that time subsidies were paid on various consumer items the price control would NOT have succeeded without subsidies. Quite rightly, the journalist remarks -"If our Government prevented price rises by paying subsidies on a range of consumer goods and cut indirect taxation, such as sales tax, these measures would have the effect of stabilising wages". Yes, they would.
Hypocrisy On Poland
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