Welcome to Helbourne the happy

Advertisement

Victoria disease is metastasising:

The economies of Victoria’s neighbouring states may be the real winners of Premier Jacinta Allan’s plan to enshrine in law the right to work from home, as businesses eye a possible move across the border, the peak business bodies in Labor-led NSW and South Australia say.

Ms Allan announced on Saturday that her Labor government would introduce legislation that would give private and public sector employees who could reasonably do their job from home the right to do so two days a week.

It appears Victoria just can’t get enough of lockdowns. I’m all for WFH, but let’s not kid ourselves that it is anything other than a hangover from the pandemic.

To my mind, if workers want to negotiate this for themselves and it works for the business, then it will be on offer. Where’s the need for gubmint?

It is typical of Victoria disease, a tremendous dumbing down of the population at the hands of a permanent Labor government, the edu-migration complex, public spending, social disintegration, and encroaching regulation.

Advertisement

Meanwhile, Victorians just keep getting poorer with the highest unemployment.

Victorian unemployment rate

Lowest productivity.

Advertisement

Highest debt.

State debt

And lowest income.

But wait, there’s more. Guess what comes next?

Advertisement

Victorian families and businesses will be hit with hundreds of dollars in extra costs on their power bills in the coming months with retailers foreshadowing massive price hikes starting from yesterday.

The soaring prices will come as a massive blow for people struggling with bills in the cost-of-living crisis with retailers warning some may see bills jump at least 12% and up to 30% in the next 12 months.

This is only the beginning. As Victorian gas runs out and LNG imports begin, the poverty shock will be largest in Victoria as cheap brown coal plants shutter at the same time.

Never fear, Victoria’s Labor addiction has the answer.

Advertisement

Lord Mayor Nick Reece’s M2050 Summit has declared that the city council should create “a strategy to make Melbourne the most optimistic city”.

The unorthodox goal is part of a 30-page report into the summit – a key election pledge from Mr Reece – which had several hundred people gather at Town Hall earlier in May to shape a shared long-term vision for the future of the city”.

The plan to make Melbourne the most optimistic city would also include “KPIs for happiness” to measure the feel good factor among Melburnians.

Southbank Residents Association president Tony Penna said the council should focus on more measurable goals.

What I find most disturbing about this is the CCP overtones. You will be happy about getting poorer, and you will like it, declares Chairman Reece.

Welcome to Helbourne the happy.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.