Episode 9 for my – Podcast – Letter from The Cape – is now available.
Qu’ils mangent de la brioche – Let them Eat Cake. The rally cry of the elites when confronted with the reality that the peasants in France did not have any bread to eat. In this episode we examine modern variants of that disdain that the elites have for the workers, the poor, and for those who struggle to make ends meet. We consider how the unelected and largely unaccountable RBA Board is deliberately attempting to push up unemployment in their misguided policy attack on inflation. All manner of excuses are being given to justify this attack on the living standards of the disadvantaged while nothing is being done to modify the outrageous salary increases of the bosses that have been recently publicised in the media. It is Australia’s, let them eat cake moment.
Duration: 8:14
