There are three philosophical positions: 1) The Dries (Free market advocates), 2) The Wets (Keynesian Big Govt advocates) and 3) The Uglies (preservers of status quo).
Due to the people seeing political corruption, a demagogue may just get enough support by posing as a Dry or Wet to turn the Opposition's philosophy away from a more open, free and personally responsible position.
The case against budget deficits has several arguments. One argument is that it is unfair that future debts are paid by our children.
Today's governments are making commitments to their employees which future governments are unable to fulfil without raising taxes. Future governments faced with this issue will find a way to welsh on their predecessors' promises.
Every regulation develops vested interests who defend it against any attempts to eliminate or reduce it. For example, if the state government were to deregulate the taxi industry, consumers would benefit from cheaper and more convenient travel.
Income tax law reflects government extravagance and years of successful lobbying by vested interests. If the Labour government were serious about tax avoidance, it would start by cleaning up the income tax act which favours the more powerful vested interests and best organised voters.
The most illogical reason for banning X-rated videotapes that is it presumed that the actors are being exploited. To treat women as though they could not give consent is the ultimate sexual discrimination.
Costal shipping has been protected for longer than any other major Australian industry but has never been the subject of an inquiry. As a result, costal shipping is affecting industries that have to ship locally.
The government did not make a profit when it sold its shares in the Argyle Diamond venture. The taxpayers were the ones that subsidised the purchase of shares and enabled tax avoidance by guaranteeing investors a fixed return.
Australian wheat farmers used to be among the world's efficient. However, through establishing collective arrangements market and control the wheat market, it has ensured that foreign growers having an advantage over them.
When government use taxpayers' money, they get future generations of taxpayers into debt and they seldom use the monies as efficiently as the private sector. The government's issue is that it seldom a lack of specialist knowledge and a disregard for the public's opinion.
The mining industry is loaded with infrastructure costs which are not asked of other competing sectors of the Australian economy. In order for MIM share price to increase, there will be a need to reduce high levels of industry protection and reducing state taxes.