Oh wow, he really understood the massive structural problems that Australia was in and needed to get out (i.e. relying on digging stuff from the ground and selling off, enjoying the lucky country but without transforming for the future). He's a massive genius. We need another genius.
Keating was a political genius, he was sharp on any detail of figures. Labor has not one member of there party close to his mental strategy and stamina today. He was rarity in the Australian political landscape, now Australian politics is in the wilderness.
Lol, he was spot on about Thatcher. Tying their exchange rate to the European Exchange Rate Mechanism resulted in Black Wednesday (although this occured in the term of her successor).
It is a cracker, but he did preface the comment with a hint it wasn't his original. It was said by UK Labour Party leader Harold Wilson about his Conservative opposite number Edward Heath.
even back in the 90s there were great people standing up against the rich and their monopolies - we need people like keating in politics now more than ever imo - I really hope independent journalism in australia continues to undo the rupert murdoch propaganda model, we desperately need australians capable of critical thinking... thx for posting, keating was a state legend, we must learn from his historic lessons
John Howard Left The Country With 20 Billion in Reserve, Paul Left Us With 20% Interest Rates To Pay On Our Mortgage Loans, And Financial Loans, Yea, Real Great😢😢
GOD!!!! WHERE ARE YOU KEATING!!!! THE BUNCH OF SENSITIVE ASS WIPES AND ACTIVISTS WE HAVE IN LABOUR TODAY IS DISCUSTING!!!! KEATING WAS A GENIUS AND STILL HAS IT TODAY, SHAME ON YOU ALBO 🇦🇺💚💛
Well PJK shows in this debate how self interest in the Tories always prevails over national interest. Where is what's good for the country is better than us?? Well point proved by PJK! Never changes with Tories.
Politicians today are so soft. Imagine Keating on this rampage today - he’s be put up for abuse, sexism, offensiveness and whatever else the snowflakes would come up with.
John Hewson was a gentlemen. I love Pk but with this we has too much bulldog. points lost. PK Future Pollies should watch the Keating/Hewson battles. Marvellous
I don't know about all the other financial problems but he's talking through his arse about "Australian ships being overmanned" Tension winches. Hydrolic hatch covers. Auto pilots, roll on roll off. Containerization all streamed lined cargo movements on this coast. Keating knew shit about the Australian shipping industry, but he knew plenty about strong unions & the threat they were to his throne.
All the commentors below have no memory of his “recession we had to have”. 17% interest rates and over 10% unemployment. He was a showman in the Parliament but had questionable policy outcomes.
Meh, neoclassical economics is the messy first pricipals dogma that both sides of parliament apply when any policy is created. Whiney fuck boomers on some high interest rates for a couple years on their 25k homes and a $400 a week wage. 30 years now, if you can even afford a house ffs. Do the maths and weigh it against having a globally competent visionary genius that worked for the country first. Mainstream economics is debunked and the result is todays shitshow but if he was around now he would have thrown it out and evolved, albo and dutton still hold onto it like it's maths and the alphabet
@@speedygonzalez3961 you are wrong. There were 2 terms of Frazer Liberal government before and one term of Whitlam Labor before that - the most extremely financially and socially disruptive government in the history of Australia. The extreme spending of Whitlam and the “do nothing much” Frazer years most likely contributed to the 17% interest rates and 11% unemployment that Keating oversaw. To his credit, I do not recall Keating blaming previous governments for his “recession we had to have”. He was clever in some ways and a scoundrel in others.
