The End of Charity

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Renegade Economist Podcast 90

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As aired live on Wed May 20th, 2009 via radio on the almighty www.3cr.org.au

The End of Charity: Author & World Economic Forum insider Nic Francis talks about how we can shape market forces to reflect the moral values we need in a climate altered world.
Listen to the 12 minute interview:
Nic Francis pt1
Nic Francis pt2
Nic Francis pt3

Show Notes

Property speculation an ethical investment?
‘It’s not just an investment, its a chance to freak with peoples lives’

Ridley Scott (director of Blade Runner) is rumoured to be in production for the Brave New World. Will he include a hopeful streak borrowing from Huxley’s introduction to his futuristic novel Brave New World?

The Savage (a white man raised by the Zuni people) is offered only two alternatives, an insane life in Utopia, or the life of a primitive in an Indian village, a life more human in some respects, but in others hardly less queer and abnormal . . . If I were now to rewrite the book, I would offer the Savage a third alternative. Between the utopian and the primitive horns of his dilemma would lie the possibility of sanity (in a community of Utopian exiles). In this community economics would be decentralist and Henry – Georgian . . . Religion would be the conscious and intelligent pursuit of man’s Final End, the unitive knowledge of the imminent Tao or Logos, the transcendent Godhead or Brahman.

Japanese economy goes from freefall to plummet Crikey E-News
Glenn Dyer:

The Japanese Cabinet Office revealed today that the Japanese economy suffered a crippling fall of 15.2% (annual) in output in the March quarter.

It was made more stunning by the revision of the fall in the December quarter to a nasty 14.4% (annual rate), from around 12.2% originally reported.

Quarter on Quarter the Japanese economy fell 4% in March from December. In contrast the US economy was down around 1.5% (6.1% annual in the first reading for the quarter).

European vacation Kohler:
Astonishing – For the Eurozone as a whole, GDP shrank 2.5 per cent in March quarter, compared to the December quarter (not an annual rate, as the United States reports).

German GDP fell 3.8 per cent, which is equivalent to an annual rate of -15.2 per cent (US GDP fell at annual rate of 6.1 per cent in that quarter). Germany, in other words, is in a depression.

Slovakia and Latvia – small, open economies that rely on manufactured exports – fell a staggering 11.2 per cent in the March quarter, an annual rate of -33 per cent.

AWB posts 62% drop in first half profit
AWB Ltd will not pay an interim dividend after its first half profit sunk 62 per cent on adverse seasonal conditions and weaker demand, but the wheat group sees improvement in the second half.

Timber Schemes expose power of tax
There was a 93% surge in money invested with MIS’s in 2003/04 (Australian Agribusiness Report 2004).

Beside the outrage over 10% commissions to financial investors, the big issue is the abuse of the taxation system to provide tax loopholes for tax dodgers. No wonder the social contract is under threat.

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