Where are the seven gifts and the Holy Ghost in Australia?

July 7, 2013 at 5:02 am (Australian Politics, Catholic Church, Commentary)

Seven gifts of the Holy Spirit

They are: wisdom, understanding, counsel, knowledge, fortitude, piety, and fear of the Lord (wonder and awe).

From Wikipedia, the free encyclopedia.

I rather like the old term Holy Ghost, but the above gifts are what they are and who would you say in our society has received them?

Let’s first look at  at same of our present-day politicians.

BILLIONAIRE James Packer has been given the green light to move ahead and build Sydney’s second casino at Barangaroo.

The decision by the NSW government means Crown moves to the final stage of the approval process.

Premier O’Farrell announced Mr Packer’s Crown would pay an upfront licence fee of $100 million; that non-rebate gaming would be taxed at 29 per cent – not the 27.5 per cent proposed by Crown and “the total of licence fee and gaming tax payments to NSW over the first 15 years of full operation must exceed $1 billion, a guarantee Crown proposed for its alternate option.

“Growing tourism[is] an important part of our strategy to achieve economic growth,” the Premier told the press conference.

The O’Farrell government made its decision after considering a detailed report by a government appointed panel led by former banking chief David Murray.

The report weighed up the Crown proposal and Echo Entertainment’s $1.1 billion plan to transform The Star at Pyrmont into a massive integrated resort, featuring two new luxury hotels.

The Premier said the Crown proposal had been more lucrative for government than the proposal from the Star Casino for an upgrade.

From the Telegraph

In granting this provisional approval, to what extent did O’Farrell bring to beat the seven gifts, if indeed he has them?

Are the elements of: wisdom, understanding, counsel, knowledge, fortitude, piety, and fear of the Lord, to be found in Barry’s approach?

I’ll leave this to my readers to decide.

Let’s go back in history and see how our past leaders in Australia have handled the seven gifts.

Take the lifting of tariffs under successive governments:

“The election in December 1972 of the first Labor government for 23 years, with a strong mandate for social and economic reforms, gave a boost to the advocates of trade liberalisation. Prime Minister Whitlam moved quickly”

Source: Privatization  From Wikipedia, the free encyclopedia.

Was this responsible for the deskilling of the Australian workers, and unemployment in the country?

What about the way successive governments have been so anxious to flog off government owned corporations?

Former Commonwealth government-owned corporations include Telstra, established in the 1970s as Telecom Australia. Telstra, now Australia’s leading telecommunications company, was privatized in 1997 by the government of John Howard. As of June 2010 Telstra owned a majority of the copper wire infrastructure in Australia (the rest is owned by Optus) and is pending sale to its former parent, the Australian government, for a non-binding amount of 11 billion Australian dollars, as ducts in the copper wire tunnels are needed to install the fiber optic cable.

In Victoria many GBEs were sold in the 1990s to reduce the state’s level of debt. The State Electricity Commission of Victoria and the Gas and Fuel Corporation were the best-known government enterprises to be disaggregated and sold.

The commitment of the leading figures in the government to privatisation was evident by the late 1980s, but it took some years before the opposition of the Labor party membership could be overcome, and large scale privatisation could be implemented. Over this period, the Labor leadership displayed almost unparalleled hypocrisy; attacking the coalition’s proposals to privatise the Commonwealth Bank in the election campaign of early 1990, but making a decision in favour of partial privatisation later in the same year. At each stage in the privatisation of the Commonwealth Bank, solemn assurances were given that this sale would be the last.

From 1991 onwards, the policy of privatisation was essentially unchallenged within the Hawke-Keating government. The Commonwealth Bank was privatised in three stages, the last stage being implemented after Labor lost office in 1996. At each of the first two stages, apparently binding commitments to continued majority public ownership were made by the government, and subsequently broken.

A striking feature of the this process was the way in which the failures of deregulation and privatisation simply the paved the way for more deregulation and privatisation. The most notable examples were the collapses of the Victorian and South Australian State Banks.

These disasters were not the result of old-fashioned socialists interfering in the private sector, but followed the adoption of market-oriented policies advocated by Keating. The Cain and Bannon governments came to grief by dutifully adhering to the Keating gospel of financial deregulation. During the financial bubble of the late 1980s, they allowed a free rein to State Banks and to private, but state-regulated, financial institutions. Both governments came to grief when Keating gave us ‘the recession we had to have’.

Amazingly, Keating not only escaped any blame for these disasters but used them to push his agenda further. The need to rescue the State Bank of Victoria was used to force through the full privatisation of the Commonwealth Bank, while the example of the State Bank of South Australia has been used repeatedly to press the case against all forms of public ownership.

The privatisation of the Commonwealth Bank was a financial disaster for the Australian public, although investors in the float did very well indeed. The capital structure established prior to the sale of the first tranche of shares in 1991 involved the issue of 835 million shares. Although the par value for the shares was set at $2, the relevant consideration for valuation is the issue price which was set at $5.40. This implies a valuation of $4.5 billion for the Bank as a whole, (or about $5 billion valued in 1995-96 dollars0. The procedure for the sale of the second tranche of shares in 1993 ensured that the government received an amount close to the market price of the shares at the date of sale, which turned out to be around $9.50, implying a valuation for the Bank as a whole of $7.9 billion, or about $8.5 billion in 1995-96 dollars. The final share offer for the Bank was announced in June 1996. The sale price was around $10 per share, also implying a valuation of $8.5 billion in 1995-96 dollars. The total proceeds from the three stages of the sale amounted to about $7.8 billion in 1995-96 dollars.

Average real annual profits over the period 1988-93 (which covers a complete business cycle) were around $560 million. Computing the present value of this stream of profits at a discount rate of 5 per cent yields a value of $11.2 billion for the Bank as a whole. Therefore, even if profits had not increased after 1993, the public would have incurred a loss of around $3.5 billion from the privatisation. In fact, primarily because of the removal of restrictions on the monopoly power of the banks, profits have soared. Profits for the three years from 1998 to 2000 totalled $5.4 billion, or more than half the total sale proceeds received by the Australian public.

Financial deregulation has been similarly disastrous. Since the advent of financial deregulation, banks have raised fees and charges, cut services and exploited their collective monopoly power whenever possible.

Prudential regulation is in a similar mess. As a result of recent reforms, no one knows whether or not bank deposits are guaranteed by the Australian government. However, because the major banks are considered ‘too big to fail’, they are generally considered to be effectively guaranteed. Of course, except when faced with irresistible political pressure, they reject any notion of a corresponding social obligation.

Source:

Quiggin, J. (2001), ‘The ‘People’s Bank’: the privatisation of the Commonwealth Bank and the case for a new publicly-owned bank’, Australian Options

When you look back on privatisation in Australia, what a sorry lot our politicians are! Not a sign of the Holy Ghost in most of them!

As for our Churchmen the less said the better. Where was the Holy Ghost in the Catholic Church in Australia when the sex abuse scandals came to light?

Just have a look at: Broken Rites Australia – fighting church sexual abuse since 1993

Where have the seven gifts of the Holy Ghost gone to in Australia? Probably to a lot of little and ordinary people who have little influence in the country.

Maybe the Holy Ghost should get his/her act together and descend with gifts on those in power.

As readers, what do you think?

I must apologise for the rather hurried compilation of this piece, but I hope you get my general drift.

Australia does need more leaders like my great friend the Silver Fox, running things here. So Fox, came out from your legal practice, and stir the country up, for if anyone has the seven gifts, you do!

.

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3 Comments

  1. Antony Ruhan said,

    According to many, Lao Tsu (in Chinese) or No Ja (in Korean) probably lived in the sixth century BC, perhaps a contemporary of Confucius (or Master Kung). Lao Tsu wrote the Tao Te Ching or the Book of the Way of Power, as followers probably later called it. The Taoist tradition began with him. It begins with these words.

    “The way you can go
    isn’t the real way.
    The name you can say
    isn’t the real name.

    Heaven and earth
    begin in the unnamed:
    name’s the mother
    of the ten thousand things.

    So the unwanting soul.
    sees what’s hidden,
    and the ever-wanting soul
    sees only what it wants.

    Two things, one origin,
    but different in name,
    whose identity is mystery.
    Mystery of all mysteries!
    The door to the hidden.”

    (Version by Ursula le Guin, Shambala Press)

    Chesterton wisely said: ‘Some people try to get the heavens into their heads. Others try to get their heads into the heavens.” Which group do you belong to, David?

    Ask Deborah to explain a little of the Tao Te Ching to you – particularly the sixth chapter – for starters. She has a different version, and versions differ, as the apostles found out when the Holy Spirit descended upon them.

    Antony Ruhan

  2. deberigny said,

    Antony,

    “The poet only asks to get his head into the heavens. It is the logician who seeks to get the heavens into his head. And it is his head that splits.”
    ― G.K. Chesterton, Orthodoxy

    I like the G.K. quote, but not being a poet or a logician, I can’t say where exactly I fit.

    Lao Tzu is perhaps a little too esoteric for me.

    Deborah thinks I’m going through a post mid-life crisis, and finding a refuge in sexual fantasy, and in my own perceived interpretation of the orthodox Christian tradition!

    To some extent I’d agree with Deborah, perhaps the sight of a beautiful woman is increasingly appearing to me as the real beatific vision rather than some other worldly concept in heaven.

    But of course, lust and love can become rather mixed in the mind and body of an old male going through a post mid-life crisis!!

    Deborah tells me I should reflect on:

    “So the unwanting soul.
    sees what’s hidden,
    and the ever-wanting soul
    sees only what it wants.”

  3. stevebrown2642013 said,

    To know the real desires of a purchaser in relation to unique gifts, the service provider would also become efficient in perform skilful activities and should make sure that whether they is operating the profitable service or not?

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