Comments on: Quiggin: Wall Street crisis will spare no-one

By: Peter Clancy

Peter Clancy — Thu, 01 Jan 1970 10:00:00 +0000

Brilliant, John Quiggin, brilliant.
My thanks for continuing the good work you started back in 1968 or so (have to look it up).
With best wishes, and congratulations on your academic and life-choice successes!!

PETER CLANCY B.A., M.Ed., Dip T(prim/sec).

By: RJG

RJG — Thu, 01 Jan 1970 10:00:00 +0000

As I asked last night where are Keynes, Roosavelt and Galbraith when you need them?

Don’t be so sure JQ that neo greedism is done. The notion that there is any alternative to neo liberalism has been thrown out by all major political parties, and as a consequnce all of the government institutions that provided the basis for mixed economies and their intellectual horsepower are gone. The people who staff the Treasuries and offshoots liek the Productivity Commissions and the ABAREs are staffed with people who think roosters will lay eggs if you pay them enough. There is no countervailing power to these morons. Look at Rudd! He thinks the bailout of the financial parasites in the US by the good’ol US taxpayers is a great idea. I wonder if he would think that if he had to convince us to all chip in or put some in himself.

By: John Quiggin

John Quiggin — Thu, 01 Jan 1970 10:00:00 +0000

To Peter Clancy, it’s great to hear from you again after all these years. You were one of my most inspiring teachers, and you made a big difference to me.

By: JamesK

JamesK — Thu, 01 Jan 1970 10:00:00 +0000

Or Richard McGuire was it Gordon Brown and Bill Clinton?....

Doesn't matter as you point out he is quite incapable of thinking for himself.

Actually that is the point.

By: Gavin Moodie

Gavin Moodie — Thu, 01 Jan 1970 10:00:00 +0000

An excellent post Professor Quiggan, thanx. But I suspect that you over reach in suggesting that the day (surely the decade) of neoliberalism is over. While finance will be reregulated, will that extend to reversing the neoliberal policies for education, health and infrastructure?

I’m not sure that the connection will be made between neoliberalism’s failure in the financial market and, for example, deputy prime minister Julia Gillard’s proposal to ‘establish a properly designed market that will allocate resources in the most intelligent way but without ignoring important quality and equity issues. Thanks to the existence of a large pool of high quality private providers Australia already has a market for vocational training provision. The point is to make it work at an optimal level by combining a strong institutional framework with fully empowered and informed consumers and measures to prevent the disadvantaged from being excluded.’ (29 August 2008, speech to the 2008 national conference of the Australian Council for Private Education and Training)

http://mediacentre.dewr.gov.au/mediacentre/Gillard/Releases/AustralianCouncilforPrivateEducationandTrainingACPET2008NationalConference.htm

By: John James

John James — Thu, 01 Jan 1970 10:00:00 +0000

The Central Planning Committees are back from the dead! The socialists are dusting of their political economy textbooks! I love that line” the Keynesian view….governments are the ultimate risk managers..”. Robert Mugabe and Fidel Castro must be choking on their caviar as they read that.

By: Ian Sutherland

Ian Sutherland — Thu, 01 Jan 1970 10:00:00 +0000

take a bow Maynard, you were right!

By: Richard McGuire

Richard McGuire — Thu, 01 Jan 1970 10:00:00 +0000

Crikey,… only three responses so far. Where are all the disciples of Milton Friedman? You are so right RJG. If anyone is looking for the first example of cloning, forget Dolly the sheep. Look no further than the dismal science of economics. As for Rudds endorsement of the Wall St bailout, remember it came after his briefing with Rupert.

By: John Quiggin

John Quiggin — Thu, 01 Jan 1970 10:00:00 +0000

To Peter Clancy, it’s great to hear from you again after all these years. You were one of my most inspiring teachers, and you made a big difference to me.

By: tim

tim — Thu, 01 Jan 1970 10:00:00 +0000

Spot on.

I hope we have finally passed the point of no return towards a more rational way of running the world, the next few months will be very interesting indeed.

Whoever thought we needed a superclass to tell us how to think? The superclass?