February 2nd 2008

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Articles from this issue:

COVER STORY: TRANSPORT: End of the line for rail freight?

FINANCE: Sub-prime mortgage crisis paralyses credit system

EDITORIAL: East Timor's new beginning

CANBERRA OBSERVED: Economic storm facing new government

NATIONAL AFFAIRS: A stern test for multiculturalism

CULTURE AND CIVILISATION: Family values overlooked in the market-place

STRAWS IN THE WIND: Reading the signs for the New Year (Through a hedge backwards...) / Hijacking foreign aid / Sub-prime lending crisis / Was Hitler's defeat inevitable?

AFGHANISTAN: Confronting terrorists and the drug trade

WOMEN UNDER ISLAM: Silence of the "sisterhood"

EDUCATION: The threat to our literary heritage

OPINION: Who is the real Kevin Rudd?

Global warming? Stop and think! (letter)

Flaws in our voting system (letter)

Who is running the country? (letter)

Barack Obama on foreign despots (letter)

Alternative to capitalism and communism? (letter)

AS THE WORLD TURNS: Juvenile crime in Britain / Feminist magazine's anti-Israel bias

GOD AND CAESAR: Selected Essays on Religion, Politics, and Society by Cardinal George Pell

BOOKS: CULTURAL AMNESIA: Notes in the Margin of My Time, by Clive James

THE TORCH AND THE SWORD: A History of the Army Cadet Movement in Australia, by Craig A. Stockings

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Alternative to capitalism and communism? (letter)

by John G. Keegan AM

News Weekly, February 2, 2008

Joseph Poprzeczny's review of Allan C. Carson's interesting book, Third Ways: Family-centred economies and why they disappeared (see News Weekly, December 22, 2007), left me with the impression that the quest for a feasible alternative to "freewheeling capitalism and collective communism" had now become an almost hopeless cause.

Yet populations such as Australia's present generation have never been in greater need than now to develop a counter to huge globalised multinational corporations.

With their access to vast capital they are rapidly destroying the few tattered remnants of our once diverse, locally-owned manufacturing and agricultural industries.

Surely our industry leaders and some politicians can uncover a fresh approach to "distributism" (a very difficult title) that would lead our country back from the doomsday of ever-increasing foreign debt and ever-declining employment in genuinely productive industry.

Perhaps part of the solution can be found through tax concessions to local cooperatives in both manufacturing and rural industries.

I hope to read further and more hopeful articles on this topic in News Weekly.

It is notable that neither contender in the recent federal election offered meaningful plans for reinvigorating our stagnant industry.

John G. Keegan AM,
Mont Albert, Vic.

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