In summing up, the only way out of poverty and joblessness is for the public sector to work again and to regulate the worst excesses of private capital… which even pre COVID-19 had driven us to the point of extreme hardship, transferring wealth to the very rich, while making it harder for every day folks to survive let alone thrive. Scandinavian countries are an excellent example of what could be achieved with the political will. So far, the only major party that has touched on creating a New deal is the Greens, who are advocating a Green New Deal. Under this radical new approach, we could eliminate poverty, create an abundance of well-paying jobs, and in turn kick start a very moribund economy. Be bold and be visionary, people! We can do this if we embrace Modern Monetary Theory. Of course that would mean the wealthy job creators would have to compete with the public sector and provide decent wages, full-time jobs, and good conditions… which is exactly what they have been avoiding for the past 30 plus years!

Creating the Australian New Deal – » The Australian Independent Media Network