At least land gets one mention! How are people to envisage that the most important commons created resource is not immediately visible or apparent? Land values must be the anchor to this new commons based future. Bryan Kavanagh says Although publicly-generated land rent was $325 billion, we chose to fine labour and capital to the extent of some $285 billion … Read More
Oil Magnates Clean Up on Tax Subsidies
photo credit: cdsessums Daniel Kocieniewski reports in the NY Times on how the US oil industry is using tax havens to avoid repaying the community for the privilege of mining the earth for all it’s worth. Kocieniewski reports that the oil and natural gas industry has spent US $340 million on lobbyists since 2008 for a $4 billion annual saving … Read More
Resource Rents For All, Not Just Red Carpet Magnates
With the mining magnates armed with an $8m war chest to defend their ability to gouge monopoly rents off the productive sector of the economy, it’s apt we put this video back up. Whose resources are these?
Resource Rents in the Eye of the Storm
photo credit: versageek The might of the Australian mining industry is throwing everything it can at mainstream Australia at present. Can Joe 6 pack comprehend the difference between industry that is man-made ie car manufacturing, versus the mining industry, who are ripping up our valuable earth as if they scientifically produced the iron ore? Apparently, the Rudd Government is largely … Read More