by Robert Hamilton
Today in the harsh daylight of our overcrowded cities, in developed nations around the globe, we are encouraged to worship only one god, the holy dollar. People are rushing about in their cars, and on public transport, to reach their destinations, their places of work and of investment, where labour and lead may be turned into gold. Sitting at terminals, tapping keys, in the hope that interest rates will rise or fall, that the market will strengthen their position; and that bears will turn into bulls. If you can imagine an animated city scene, with hundreds of besuited pedestrians crossing the pavements, all with a cartoon circle above their heads, showing their thoughts as a dollar sign. This is the charge of the light brigade, where horses have become mobile phones and helmets and swords, iPods and sunglasses.
Newspapers, and online sources, today are filled with economic imperatives, and this obsession, which began in the late nineteen seventies, has become the overriding concern for dad and mum; and their kids. Money is on everyone’s lips and in everyone’s mind, how to get it, how to make it, how to keep it; and how to hide it. Everyone’s become a banker and governments are complicit in this – the tax department has driven these changes , as your tax return became more and more complex, you had to think like an accountant to make sense of it. Paul Keating, as rock star Treasurer, had a hand in it, as he, and PM Hawke, deregulated the banks and made public announcements about “banana state economies.” Suddenly everyone had to get up to speed on the balance of payments and interest rate figures daily made the front page. It was like a crash course in economics, skewed with the dramatics and sensationalism that sells papers.
One God One Dollar
There are and were positives, about this new found economic literacy amongst the hoi polloi, as people are always empowered by knowledge. In this new era of freedom, individuals and groups, were able to break down decades and centuries of banking obfuscation, to achieve their wants; even women, who had been particularly disadvantaged by the prejudices of this male dominated industry. Economic growth came spurting out, after years of lazy conservative rule, people got money and invested it in new businesses and real estate – the housing market exploded. Of course we got some excessive behaviour, Alan Bond, Christopher Skase etc but generally it was much more for the good, as a greater number and spread of people were enabled to become productive.