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A Malpractices Commission - Part 3: The Labor lieutenants of capital
The final installment of a three part series of articles by Humphrey McQueen (Read part one here, part two here.)
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Throughout the 1970s, the exchange rate had come off the boil. Early in 1983, the $A was at parity with the $US. The incoming Hawke-Keating gang failed to staunch the bleeding. They gave Howard’s de-regulation agenda its biggest boost. Their floating of the dollar in December 1983 set the field for everything that has followed. Only the tip of which is being exposed at the Malpractice Commission. Euromoney magazine named Keating ‘Treasurer of the Year’ in October 1984. Why wouldn’t they?
Keating proved a quick study—too clever by half for the good of working people. He could parrot lines fed to him by the anti-union free-trade Treasury. Whatever happened to his ‘J-curve’?
Read more: A Malpractices Commission - Part 3: The Labor lieutenants of capital
Parent Category: Spirit Content
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