Corrupt Australia presents an alternative to the politically correct channels of debate to reveal and scrutinize the skewed structure/design of modern Australian society. We also seek to encourage autonomous Australian culture which is free from the standardizing and overly materialistic clutches of globalisation and which encourages citizens to go further than simply contributing to a quantity over quality mindset and the banal and unsustainable conditions under which we may increase our love for and attainment of material mass.

Inflation & Economics as rhetoric and political point scoring


"THE Reserve Bank's strategy of raising interest rates to battle inflation is potentially dangerous, a Nobel Prize-winning US economist has warned. Columbia University Professor Joseph Stiglitz, a former chief economist of the World Bank, says countries that use inflation targeting are likely to get themselves into strife. "Most countries today face imported inflation," Professor Stiglitz, who won the Nobel Prize for economics in 2001, told ABC Radio. "To think that there is anything Australia can do to dampen global food inflation, or global energy inflation, is absolutely absurd.
[...]
Professor Stiglitz dismissed a suggestion that inflation targeting had contributed to Australia's strong economy. "I think one of the major reasons for Australia's economic prosperity are high commodity prices," he said. "Australia's been lucky about some of the things that it's exporting have gone up in price and it would have taken a very bad mismanagement of the economy not to be doing very well in those circumstances"."

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Stiglitz's comments suggest two thoughts. Firstly, that the current day profession of economics with its obsessive focus on inflation is sometimes akin to a self serving system of reasoning for its practitioners which simply chases its own tail around in complex circles of abstracted logic without actually doing real or beneficial things for society in the long term. Secondly, that individual politicians constantly mislead us into believing that they are responsible for the strong performance of the Australian economy in recent years when in fact the main bulk of this success has had nothing to do, in general, with them or any other player in Australian politics.

Both of these thoughts themselves suggest that despite democracy or the supposed 'power of the people' we are in fact all too often being manipulated for the personal gains of experts of mere rhetoric and also by liars.


Think of it all - of the life that is! Study your friends and foes!
Study the past! And answer this: "Are these times better than those?" The life-long quarrel, the paltry spite, the sting of your poisoned pride! No matter who fell it were better to fight as they did when the world was wide.

Boast as you will of your mateship now - crippled and mean and sly - The lines of suspicion on friendship's brow were traced since the days gone by.
There was room in the long, free lines of the van to fight for it side by side -
There was beating-room for the heart of a man in the days when the world was wide.

With its dull, brown days of a-shilling-an-hour the dreary year drags round: Is this the result of Old England's power? - the bourne of the Outward Bound?
Is this the sequel of Westward Ho! - of the days of Whate'er Betide? The heart of the rebel makes answer "No! We'll fight till the world grows wide!"

The world shall yet be a wider world - for the tokens are manifest; East and North shall the wrongs be hurled that followed us South and West. The march of Freedom is North by the Dawn! Follow, whate'er betide! Sons of the Exiles, march! March on! March till the world grows wide!

- Henry Lawson

(c)2008 Corrupt AU