Is that it for the Plan A for Capital?

It’s now pretty clear the Campbell Newman’s LNP  has lost the Queensland election due to opposition to the ‘leasing’ (the effective sale) of state assets to raise funds to pay down debt and stimulate accumulation through investment in infrastructure. These two things are key parts of what I have argued is the Plan A to ensure the accumulation of capital in Australia as the mining boom fizzles out.
How many other state governments will proceed with asset sales now? And the Federal legislation to encourage this asset recycle remains stalled and unable to pass the senate.
How then can the investment in infrastructure be financed? And what are any of the alternatives for capitalism in Australia?
Whilst elections have little to do with our struggle for emancipation this result makes it clear that the current malaise of bourgeoisie politics and the general soft refusal of large sections of the population to sacrifice for capital means the state seems unable to act effectively  for the best interest of capital – and all this in the context of a bleak global economy.
As the end of the mining boom begins to bite will this layer of refusal hold? Can vast expenditure on infrastructure be financed any other way? What could possibly be a Plan B for capital? And what shape will our struggles take in this period of crisis, decline and malaise?

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3 thoughts on “Is that it for the Plan A for Capital?

  1. ablokeimet

    “Whilst elections have little to do with our struggle for emancipation …”

    This is correct, but a little vague. It would be more precise to say that elections are not a mechanism in our struggle for emancipation, but they give us a reading on the current state of the struggle. We can tell which way the wind is blowing and, with the aid of recent history and an analysis of the current context, we can draw some lessons about what the next step(s) should be.

    It’s quite correct to describe the current environment as being one of “soft refusal to sacrifice for capital”. The task is to stiffen this up.

  2. Pingback: The Institute of Public Affairs really isn’t the problem… – The Word From Struggle Street

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