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Ross Gittens' economics confuses energy with material with commodities

Economist, Ross Gittens, discusses the state of the recession in Australia in the Business Age, 13-7-09. He made a comment about China needing lots of steel and energy - the very commodities that Australia supplies. This common use of misleading terminology fosters misunderstanding of what is really happening.

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The life story of matter and its attribute, energy

Energy is often defined as ‘the ability to do work’ or ‘the ability to do something useful’. They are very misleading definitions that have contributed substantially to the dire situation that civilization is in today.

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