What’s needed is a radical restructuring of capitalism, one that builds on the values of craftsmanship, a post-growth economy organised around human wellbeing, rather than one fuelled by the accumulation of capital.
The Left’s failure is not so much that neoliberalism has failed, but that when it did there existed no alternative that could challenge its dominance.
Democratic states have only ever existed as an ideal – an abstraction more malleable than is often acknowledged and a form of government utterly incompatible with capitalism. ‘We must make our choice,’ warned the American jurist Louis Brandeis, ‘[w]e may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.’ There can be no compromise because between the two because the concentration of economic power is inherently undemocratic.
While the slaughters continue in the United States, Australian gloating at our lack of mass shootings is more than a little misdirected. Tim Robertson explains.
We live in a society in which economic rationalism predominates and those who simply discount or dismiss economic arguments around migration policy risk being ignored. There is something abhorrent about reducing the life of an asylum seeker to a dollar amount on a balance sheet. For this reason, it’s important that an economically-minded approach doesn’t replace calls for more compassion, but operates alongside it.