The world’s 4th most influential macro economists and Nobel prize winner Professor Joseph Stiglitz has declared the deregulation of our universities to be a ” crime ” and the introduction of co-payments for medical services ” absurd ” The adoption of  the American path is this governments two biggest mistakes that will ensure a widening of inequality and an increase in economic stagnation. “Countries that imitate America are kidding themselves”
The system that Pyne openly admires so much Tertiary Education is the worst functioning part of the US market and  in effect closes off opportunity. While the US  now is trying to regulate it we are about to deregulate and freeboot it. which according to Siglitz tantamount to a crime. That’s a strong statement coming from someone who believes in a market economy and has more international awards than all the economic advisers put together in this country.
“Robust higher education, with healthy public support, was once the linchpin in a system that promised opportunity for dedicated students of any means. We now have a pay-to-play, winner-take-all game where the wealthiest are assured a spot, and the rest are compelled to take a gamble on huge debts, with no guarantee of a payoff.” Students that don’t have the social network to support their climb. Is a statement from an expert examining the history of unintended consequences of past decisions.
We admire the US so much Mitt Romney, the Republican presidential nominee a billionaire with a multi-million dollar income only paid 14% income tax and complained called 47% of  Americans  freeloaders” Doesn’t that remind you of Hockey & Abbott’s “Leaners and Lifters” description?
General Electric  the symbol for multinational corporations have their headquarters in the United States & pay almost no taxes 2% average annually over the past 10 years. We have Glencore our top coal miner pays zero tax on a profit  of 15 billion and those earning over $180,000 a 2% temporary levy for 3 years. However the indirect costs being put in place for ordinary Aus are going to stay. The income of the wealthy is far more easily manipulated downward and hidden than that of the average Australian worker.  Hockey & Abbott are spitting in the face of  Australia Fair.
 Government plays an important role not just in social protection, but in making investments in infrastructure, technology, education and health. These are pillars of trust. Without such investments, our economy will be weaker, and our economic growth slower.
 This government want’s to deregulate the financial sector. Financial planners wont be obliged to work in the best interests of their clients. What do these people do? They are paper shufflers people who shuffle paper, sorry  our money for a commission. They don’t produce or create anything other than ideas on how to shuffle more paper the more they churn the more commission they make and they are very creative at creating churning product. Look at what created the GFC and more recently look at the CBA planners. Up close and personal they will all tell you they have a “passion” for making you money, sorry, taking your money, servicing you no no giving you service.  With the aid of CBA’s trusted reputation they talked client’s up to buy more. Trust them and robo- sign yourself into debt. The bank did this with farmers and foreign exchange years ago and then foreclosed on them.This government calls it freeing up opportunity. Stiglitz describes it as stagnant “rent collecting” When trust is eroded the economy stagnates. What are they doing now to rebuild trust of other than the 1%ers?
 Abbott & Hockey have cut research funding, cut tertiary funding & indirectly cut health funding areas essential for confidence & growth. They believe in the honesty of the 1% they say drive the economy forward. However studies have shown that the upper classes are more likely to engage in what has traditionally been considered unethical behavior. Perhaps this is the only way for some to reconcile their worldview with their outlandish financial success, often achieved through actions that reveal a kind of moral deprivation. Behind every knighthood in this country lies some blood on the tracks of people injured in the encounter.
 Corman ,Brandis all say we don’t need regulation we all have access to the law as if that access was an equal playing field. What access did SMSF retirees have after the CBA  ripped them off? 10% compensation for signing a non disclosure agreement. When trust is eroded and the government panders to the 1%ers over and above the general public growth stagnates.  When our media no longer print news  only commentary were do we get information.  The public broadcaster is about to be savaged. When anything that comes close to reporting facts or information it’s declared left wing not just center left or center right. When government incumbant members are hounded as 5th columnists because they are reasonable or trying to find  bipartisan courses of action this country can agree on it’s time for some plain speaking. We are losing our enthusiasm for politics and democracy is being raped.