The Leftist attitude to money



I once had the misfortune of working with some ‘Labor types’ in a commercial setting. Didn’t they turn out to be a bunch of rapacious little capitalists! They had a cartoon image of what business is: shamelessly and greedily gouging customers.

My ‘comrades’ – few of whom remain in the commercial world – thought business was a big game and a bit of a hoot. One of them asked me to refer to him as a ‘businessman’. (I’ve never known a proper businessman who wants to be referred to as one.)

This election campaign is a reminder that Labor and left-wing types have – and always will have – a problem with money. They have complete contempt for it; a total lack of respect for it.

This contempt manifests itself in waste; and in this election campaign, Julia Gillard’s bizarre defense of ‘wasteful’ spending of other people’s money.

Most Labor people either loathe money, and especially people who have it, or think that it’s something you just ‘get’. The former is an old relic of tedious class warfare, grounded in an element of truth that greedy people aren’t always noble.

But it’s this ‘getting’ attitude that is, perhaps, most damaging. Watch Labor and left-wing types around money and they’re always getting: the unions ‘get’ money from their members, the politicians and their staffers ‘get’ money from taxpayers, their allies in the universities and in the arts ‘get’ grants, Labor-aligned lobbyists ‘get’ concessions for their clients.


What they’re not doing – particularly now they’ve abandoned their working class roots – is ‘earning’ or ‘creating’ money. I’m not talking about earning in the sense of getting a pay cheque, which of course union and party hacks all get; I’m talking about earning or creating by providing value to an employer or customer.

Earning or creating money is hard. You work long days for your boss, or create a great product that meets a customers need. When the money comes in you respect it, because it was so difficult to get the darn thing.

So when you see a government that takes the money, and shows lack of respect for it by wasting it and pissing it up against a wall, it’s infuriating.

Because Labor types don’t earn or create money, financial waste doesn’t matter as much to them. When Labor sees money they only see numbers to be manipulated. Earners and creators see time, sweat, risk, hard work, commitment.

Labor’s warped attitude to money is why we can have the schools building program waste, the bungled home insulation scheme, and the oversized stimulus package.

It’s why Julia Gillard in defending the school halls program has effectively said financial waste is fine so long as it stimulates the economy and saves jobs.

This strange financial moral equivalence was given intellectual credence by left-wing economist Joseph Stiglitz who said there “will always be some” waste with stimulus packages. Well, there always will be, Joseph, if Labor governments are implementing them.

But the left’s attitude to money is also why the 7.30 Report’s Kerry O’Brien seemed to think the $20 billion difference between what the Coalition would have spent stimulating the economy during the GFC, and what the government spent, was neither here nor there.

Where would $20 billion come from? From hundreds of millions of hours of Australian’s working and earning time: of electricians fixing, bakers baking, writers writing, salesmen selling. As Tony Abbott said: “$25 billion – that’s quite a lot of money.”

It’s clear during this election Australians are keen to give Labor the benefit of the doubt. But when it comes to Labor and money, Labour and financial discipline and respect for taxpayer money, the doubts are considerable.

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1 comment:

  1. Worse. It's not a lack of respect for money - it's a lack of respect for people. If you don't respect people then you don't respect their labour or the money they earn. That is the Left.

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