photo credit: unusualimage Sometime soon someone will write an article on how lobbyocracy has subverted the public’s interest at the expense of the community’s in a staggering number of projects. One just has to have read John Perkin’s Economic Hitman to understand that the major projects announced in Victoria (Channel deepening, North- South pipeline, De-Sal plant plus roads and new … Read More
The End of Charity
Renegade Economist Podcast 90 Subscribe to the podcast 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: … Read More
Timber Schemes expose power of tax
photo credit: miak The present collapse in Managed Investment Scheme’s was inevitable. The power of the tax system saw companies like Gunns planting trees around the clock in years gone by, just to meet the immense demand from tax-minimising activities. Kohler wrote in 2004 that upwards of 10 million gum trees were planted in the 10 preceding years, making then … Read More
Norway’s oil rents irrational
photo credit: Aidan.Morgan We read here how Norway’s oil rents have been more wisely invested than the UK’s. Fair point, but it still implies that we have failed to learn from the GFC: Still, even Ibsen might concede that it is easier to stand alone when your nation has benefited from oil reserves that make it the third-largest exporter in … Read More
Detroit Mayor Throws First Brick In Glass-Breaking Ceremony For New Slum
DETROIT—As community leaders and members of the press looked on, Detroit mayor David Bing proudly hurled the first brick this week in a window-shattering ceremony for the city’s newest dilapidated slum. The result of three years of construction work and more than $24,000 in public funds, the rat-infested and crime-ridden development was unveiled to the public on Tuesday. “It is … Read More