Pokies: rent-seekers win again
The gnashing of teeth over Julia Gillard’s betrayal of Andrew Wilkie over pokies reform has been entirely predictable. Is this some kind of political masterstroke? Is it just another demonstration of Gillard’s fundamental untrustworthiness? It’s all as telegraphed as an old boxer’s jab, and irrevocably lashed to the 24-hour news cycle. About the furthest anyone’s looking into this situation is the polls, and what it does to Gillard’s chances of re-election.
The far more important point about what Gillard’s backdown says about Australia’s rotten political culture has been almost entirely overlooked. And that is that the rent-seekers have won again.
They won in 2010, when some of the world’s largest and richest mining companies saw off the Resources Super Profits Tax with a $22 million advertising campaign that, in the end, helped kill off a popularly elected Prime Minister (not that Kevin 07, perhaps soon be be known as Kevin 12, was exactly blameless in his demise, but that’s another story).
That occasion saw the likes of Gina Rinehart, Twiggy Forrest and Clive Palmer marching in the streets and carrying on like they’d all be rooned, I tells ya. The sight of Australia’s richest men and women playing the victim card – Rinehart (wealthiest of the lot) leading the chant of “Axe the tax!”… Read more..