Thursday, May 16, 2013

A Federal Budget loaded with irrelevant numbers


Last week’s Federal Budget was irrelevant.

The idea of a budget is not irrelevant, but a list of financial strictures that pander to life as we know and understand it, is wholly inappropriate.

Life in Australia ranges in extremes from damn difficult to obscenely prosperous, but beyond our daily difficulties, most people live relatively happy and expansive lives.

Those who profit from what exists stand with the advocates of more and lament any budgetary changes that limit their opportunities to further boost their bank balances.

Contrarily, those on the other side of the scale and whom, for various reasons, have seen much of the country’s wealth bypass them, equally lament changes, with their protests being almost unheard.

Australia is unquestionably the lucky country; well, for the moment.

Australia, as does the rest of the world, faces a collision of events that any budget built around existing economic dynamics is fundamentally flawed.

The world is changing, no surprises there, but it is changing in a way that is publically unacknowledged by the world’s financial gurus, among them those who are calling the shots with regard Australia’s future, be it economic or otherwise.

There is a rude immediacy about how the world operates with liberal democracy holding us hostage to the next election and more colloquially, to the next episode of television’s “The Block”.

Rather than piece together a budget, good or bad depending on personal situations, ideology or political adherences, that responds to populist needs that further fuels business as usual, we should be endorsing courageous decisions that prepare us, for the shocks ahead.

The workings of the world, and by implication Australia and so the Goulburn Valley, depends almost entirely on oil or some derivative of it and with more than half the world’s easily accessible oil already gone, it is going to become increasingly expensive as it becomes more difficult to extract.

To counter that, the government needs to enthusiastically invest in the public infrastructure and discourage private profiteering that arises from exploitation of the public domain.

The issue that will trump all concerns our changing climate and although there should have been a budgetary response three decades ago, it is still not too late, although any effective response will now need to be innovative, bold, courageous and be an immediate break with the “business as usual” paradigm.

Australian society will need to be seriously decentralized; public transit systems massively refurbished and upgraded, while there is an equal divestment in the private infrastructure (roads); community infrastructure and resilience needs to be bolstered; food security needs to be localized; and while work is psychologically important, it needs to be re-imagined and restructured allowing people to work fewer hours, live closer to their work and spend more time strengthening communities.

No comments:

Post a Comment