‘Treasurer Jim Chalmers’ 6,000-word essay, recently published in left-wing publication The Monthly, shows conservatives were correct in predicting the Albanese Labor government would be a meddling, bigger-spending, anti-capitalist nightmare.
However, while there is an understandable temptation to label Chalmers’ love letter to big government as “socialism”, that’s not quite right.
It embodies something that could prove far worse.
Chalmers’ promise to “redesign markets for investment in social purposes, based on common metrics of performance” sounds innocuous.
As does his purported optimism that “2023 will be the year we build a better capitalism” that is “uniquely Australian”.
However, this supposedly better capitalism, or “values-based capitalism”, as he puts it, is not uniquely Australian.
It’s been virulently propagated internationally for decades by the likes of Klaus Schwab, founder of the World Economic Forum (WEF), under the banner of “stakeholder capitalism”, and is a core component of the WEF’s Great Reset initiative.
The Great Reset is a proposed alliance between big government and big business to “reset” the global economy post-pandemic, by pushing companies to adopt “Environmental, Social, and Governance” (ESG) policies as a condition of operation.
ESG policies are characterised by identity politics and radical climate action, and are determined in part by faceless, unelected corporate elites.
It’s not socialism; it’s neo-feudalism.
ESG policies are the “values” of Chalmers’ “values-based capitalism”.
We know this because his essay bears a striking resemblance to the type of stakeholder capitalism outlined in Klaus Schwab’s 2022 co-written book, The Great Narrative, a sort of sequel to his 2020 book The Great Reset.
This, for anyone who holds right-of-centre values, should be cause for alarm.
Chalmers describes a core component of values-based capitalism as enabling investors “to work out the climate-risk rating of a firm just as a lender can work out a credit-risk rating”.
“In 2023, we will create a new sustainable finance architecture, including a new taxonomy to label the climate impact of different investments. That will help investors align their choices with climate targets, help businesses who want to support the transition get finance more easily…This strategy begins with climate finance,” he continues.
Similarly, in The Great Narrative, Schwab says stakeholder capitalism “welcomes the idea of legislative action to define with precision the benchmarks for ESG reporting and performance”.
“In the same way that companies have an obligation to report their financial results…in the not-too-distant future they will have a similar obligation to report on ESG metrics… governments will make the last call for setting the legal obligations, targets and incentives around ESG standards.”
Ultimately, the purpose of both values-based and stakeholder capitalism is to justify politicians working with corporations to create big government policies, and insidiously exert the kind of control over markets and individuals that, in isolation, is unpalatable to your average voter.
This is the antithesis of democracy.
Jim Chalmers can claim all he wants that his values-based capitalism is the right thing for Australians, but he seems to forget that values are often subjective.
While he may believe that markets geared towards controlling citizen’s behaviour is a moral good, others (like me) believe this is – at best – overly stubborn.
This is from an email I received this morning. The illustration fits with the cancel culture society we are now living in!
‘Picnic season is behind us here in Michigan. The leaves are off the trees, and the snow has already started to fly.
But just for a moment, think back to the joys of a summer cookout—hot dogs and hamburgers on the grill and a table set with various side dishes, like potato chips, pasta salad, and maybe some fresh watermelon.
To top the grilled meats, you’ll always have ketchup and mustard.
Now imagine that one of the guests is a college student—one who only likes mustard.
This fictional student is adamantly opposed to ketchup! And not for reasonable reasons such as health or allergy concerns…no, he labels anyone who likes ketchup as a “mustard hater” who’s oppressing others by using ketchup. But this is just the beginning…like the BBQ grill, his cause catches fire.
He finds others to join his opposition to ketchup. Not long after, you can no longer find ketchup on certain store shelves, in college cafeterias, or at some company picnics. And he’s even secured apologies from ketchup manufacturers for their history of transgressions against mustard.
Anyone who still likes ketchup or tries to defend their right to choose how to top their burger or fries is excluded and silenced. You might say that…
…Ketchup is canceled!
Is this example far-fetched? Maybe it’s a little silly, but it illustrates how this sort of thing works in our “cancel culture” society.’ From an Email.
Would the media lie to us? ‘During the Texas blackout corporate media outlets couldn’t publish their fictional stories fast enough. “Wind and solar were not the problem!” declared the New York Times, USA Today, ABC News, the Associated Press, NPR, and countless others. The media outlets that shamelessly shill for a renewable energy nirvana can always be counted on to misinform.
The media proclaimed that wind and solar weren’t the problem because these unreliable sources aren’t expected to produce much power during winter months in the first place. That’s a small truth wrapped in a big fat lie. From February 8 to the 16th electricity output from wind was down 93 percent. On the two most critical days of the freeze, the 15th and 16th, wind power was almost non-existent. However, it is true this pitiful performance was not a major factor in the outages. That bit of truth created a window for deception.
According to our corporate media, the blackouts were caused by failures in natural gas, coal, and nuclear generation. Again, a tiny truth wrapped in a whopper of a lie. Yes, there were frozen pipes and a number of other glitches. However, the frozen pipe problem was largely caused by Ercot, the company that runs the grid. As Ercot cut power to protect the grid from damage, it cut off electricity to natural gas production and processing units. With no power to pressurize the pipes, they froze. This was a management failure, not a problem with natural gas-fired power. In spite of Ercot’s mismanagement of the system, natural gas delivered 450 percent more power from the 8th to the 16th. Yes, 450 percent more. And, this happened even as natural gas providers were delivering a record amount of gas to residents for home heating.
I could go on and on about grid mismanagement before and during the crisis. For example, Ercot allowed some coal and natural gas generators to go offline for maintenance even as weather forecasters were warning about the historic dimension of the big freeze. But talking about these issues distracts us from the giant problems that have been building up in Texas for more than 15 years.
What wind and solar advocates in the mainstream press ignore (or probably don’t even know) is that the electric grid demands a high level of consistency. It operates within a narrow margin at 60 hertz. If power is even .5 percent above or below 60 Hz the grid begins to fail. Wind and solar are wildly erratic. The large swings in power output test grid operators ability to maintain this small operating space. Dealing with the inconsistent nature of wind and solar is a manageable problem when they provide a small percentage of the power supply. But Texas has increased its wind generation from 2.9 percent in 2007 to 25 percent today. Solar went from next to nothing to 2.38 percent. That’s an enormous amount of unreliability for a grid that demands precision.
The only way to manage this problem is to maintain a large reserve margin of power that can be called upon at a moment’s notice. When electricity from wind and solar drop quickly as they regularly do, reserve power from natural gas fills the gap. A healthy reserve margin is 15 percent. But with wind claiming such a large percentage of generation in Texas, a larger margin (i.e. 25 percent) would be prudent. The reserve margin in Texas is only about 7.5 percent.
Setting mismanagement aside, this is the key problem with the Texas grid. There’s too much erratic wind and solar and not nearly enough reliable baseload power from coal, nuclear, and natural gas. The reserve margin should be at least doubled and probably tripled to accommodate unreliable wind and solar that are already part of the system. Understanding this reality takes some research and deeper thinking, but our corporate media are either not interested or are incapable of learning about the technical aspects of how the electrical grid functions.
True journalism is hard to find these days. What could be more important to the function of our modern world than electricity? And yet, corporate media are more interested in telling small truths wrapped in giant lies. The consequences be damned.’ https://papundits.wordpress.com/2021/03/14/media-blacks-out-truth-in-texas/
How far will these political sociopaths be able to go before the next election? Of course does it really matter how far they go against conservatives and conservative Christians if they are allowed to cheat again as they did in 2020? Well, the old CIA and FBI are as rat infested as any organization can be. Not many if any true red blooded American would want their name associated with either group today. Now, this article is about the BIG RAT ‘Disgraced former CIA Director John Brennan is promising a Big Brother crackdown against Trump supporters throughout society following the successful installation of the Biden regime by the deep state.
Brennan made the psychopathic, authoritarian declaration during an appearance on MSNBC.
“This is the most relaxed I’ve been in the course of the many inaugurations I’ve watched,” Brennan said, reveling in the fact that he got away with all of his crimes without repercussions.
“I know looking forward that the members of the Biden team who have been nominated or have been appointed are now moving in laser-like fashion to try to uncover as much as they can about what looks very similar to insurgency movements that we have seen overseas,” he said.
Brennan is laying the groundwork to treat President Trump’s supporters like ISIS militants, which Democrat officials have been openly pining for many years to accomplish. He named “religious extremists, authoritarians, fascists, bigots, racists, nativists, and even libertarians” as the type of groups that will be targeted, profiled and ultimately deprived of their 1st Amendment rights during the Biden administration.
Who votes for these people? Whoever they are, they walk among us!
‘The biggest threat to the Democratic Party now comes from within.
Socialist superstar Alexandria Ocasio-Cortez has launched a challenge against her own colleagues. It seems traditional Democrats are just not enlightened enough anymore for the 30-year-old activist turned congresswoman. The breakaway political movement is pushing an all-female list of activists Ocasio-Cortez wants to enter the House of Representatives. And two of the activists will go up against sitting Democratic lawmakers deemed not woke enough. “My ambition right now is to be a little less lonely in Congress,” she said of the venture. “It’s time to elect a progressive majority in Congress accountable to strong, grassroots movements that push support for issues like Medicare for All, a Green New Deal, racial justice, and more.” Whether you agree with Ocasio-Cortez or not, the curious aspect of her power play is what it does to her own colleagues. The Democratic U.S. Representative for Illinois Dan Lipinski is on her hit list. His crime? He has pro-life views and takes exception with late term abortions. And Ocasio-Cortez has the power do the second-generation lawmaker harm. In the third quarter of 2019 she raised $2.15 million for her new political action committee using social media alone. It is the largest amount ever raised by a single person in congress over a three-month period and it is currently being used to reform the Democratic Party. Instead of the liberal values of free market, limited government, individual rights and secularism the Ocasio-Cortez movement is shifting the party significantly to the left. The Congresswoman will only bankroll candidates who support 100 Renewable Energy, completely open borders and a Medicare for All scheme which would force a shut down the private health insurance industry and put health purely in the hands of the state. In Australia many of these concepts would be supported by members of The Greens, a party where the more radical leftist views reside. America has no such distinction and radical leftists are starting to infuriate the Democratic National Committee. Ocasio-Cortez has declined to pay a percentage of her PAC fund to the DNC and is instead funnelling the money to her own nominees. The DNC will soon be campaigning against the weight of her war chest just to keep their moderate candidates in office. Ocasio-Cortez has done more damage to the Democratic Party since being elected at the age of 29 than any Republican candidate could dream of doing. Her rapid rise to success through clever social media marketing as equipped her with 6.3 million followers on Twitter alone. And Ocasio-Cortez is more than happy to flex her new-found strength. In a single tweet she is able to raise hundreds and thousands of dollars for her PAC and the election campaigns of those who have her support. In fact, Ocasio-Cortez is now so influential within the party that her stardom has made senior politicians privately jealous, according to the New York Times. And among moderates, there are justifiable fears that a Democratic Party under the leadership of a progressive Ocasio-Cortez figure would be unelectable. As Democrats flirt with the prospect of pitting the original socialist superstar, Bernie Sanders, against Donald Trump in November, it is not hard to imagine Ocasio-Cortez getting her way. Unfortunately for moderate voters it will mean increasingly polarised politics and an increasingly gridlocked Congress. Republicans will be celebrating though. The new direction of the Democratic Party no longer appeals to the working class. It is now the party of the elite. And we all know what elitism gets the Democrats after Hillary Clinton said anyone who votes for Donald Trump is a “deplorable”. Radical leftist elitism will guarantee Trump a second term.’ https://www.skynews.com.au/details/5e55c3bc1de1c4001dfb002b?utm_medium=email&utm_campaign=Viewpoint%2026-02-2020&utm_content=Viewpoint%2026-02-2020+CID_4de59a0b18f1cfec5e297a6e877a4617&utm_source=Daily%20newsletter&utm_term=Read%20%20share%20this%20article%20at%20SkyNewscomau
whatyareckon 