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growth economics

Economic growth negatives for Scott Morrison

Australia may have the world’s highest debt to GDP ratio. We have the lowest ranking in the region (61st) for income security. Our social expenditure is behind Greece, Portugal, Spain and Italy's. The OECD has ranked Australia second last in government funding of public education.

Flat GDP shows folly of free trade, rapid population growth agenda - Kelvin Thomson

"Australia's GDP per capita went backwards in the June quarter, sliding by 0.2 per cent. Reports that it increased depend on the use of "population creep". GDP increased by 0.2 per cent, but that was only due to population growth, and GDP per capita, which is a far more accurate guide to living standards than GDP, declined.

Not surprisingly, then, real net national disposable income per head, which is the best measure of living standards, slid by 1.2 per cent in the three months to June. The Fairfax economist Peter Martin says this is the fifth consecutive slide in real net disposable income per head, which is now 5 per cent below its peak in 2011." (The Hon. Kelvin Thomson, Federal Member for Wills, 3rd September 2015).

The Minister for Future Planning, Australia - video

The Australian Minister for Future Planning, Mrs Jaqueline Crapaud is interviewed here by Prudence Reilly on the Sustainable Victoria Show. The Minister explains Australia's immigration policy of attracting billionaires, the privatisation policy and how this will apply to Tasmania, ports and the Sydney Opera House, and she elaborates a new Tax-Player plan which will pay sporadic bonuses and where client-citizens will register with the ACCC as private companies. She also explores the fate of Generation X. The production is 25 minutes long and highly educational.

An Engineer’s perspective of Australia’s Economic Nation-Building Logic

Economists advising Politicians on nation building are like the blind leading the blind. Historical facts prove that Australia's economy is managed by targeting consistent rates of extreme GDP growth. Let's define the facts before we review this problem. Economists and politicians apparently don't do this.

Australia is an Extreme Pro-Growth Dictatorship


There is no democratic process of governance of the social and environmental impacts of economic growth in Australia. This article argues that Australia is effectively a dictatorship that is driving its population into poverty.

Productivity Commission: Work 'til you drop and leave your children's home to the bank

Today I helped a registered nurse to scan documents to submit in a job application. While we were doing this, she mentioned to me with great concern that she had heard that the government is talking about making people work until they are 70 years old and make them take out loans on their homes in order to fund their retirement. "I'm only 46," she said, "but I didn't work when my children were young and I never had the money to save for a home. So I'm supposed to keep on working until I'm 70. I'm too tired now to work full-time because, even though standards are slipping, working conditions are getting tougher and tougher and management more and more unreasonable." The latest productivity report on An Aging Australia supplies policies to undermine the political strength of older people who would otherwise be able to represent the rest of the community and defend the wealth and security basis of the younger generations. Blaming older people for economic decline that has its real seeds in resource decline sets the scene for generational splitting. However, the real targets are actually today's young people and their children.

Ponzinomics

Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky, the Wall Street Journal and many others say that our entire economy is a Ponzi scheme.

US Presidential: R.I.P. Growth economy

In the US Presidential race, both roads lead to financial collapse, resource depletion, war, irreversible climate change, species extinction, chaos, despair and hopelessness.

Canadian Tarsands and Migrant Workers: More Terrifying Math.... And Unsustainable Oxymorons

Australia and Canada are in a race to the bottom to dig up all their minerals. They are importing workers and failing to train their own. Their politicians are caught up in the myth of sustainable economic growth. "The tar sands are the engine of that growth. And we'll want top dollar for what we export because the thirst for tax revenue is insatiable. We'll want the Americans to compete with the Chinese for the privilege of burning our bounty of black death. No wonder then that the support for continued mass immigration is bipartisan. We are in a big hurry to get that resource out of the ground and get it shipped out ASAP---so we bringing in migrant labour like mad to satisfy a "shortage" in skilled labour that we assume to exist because we have never conducted a proper inventory nor seriously tried to train our own people."

A world in total denial by Hans Brunner

"Every time I hear or read the word 'sustainable', for instance, in 'sustainable growth', 'sustainable living' and 'sustainable economy', I feel that we are being cheated and lured into false security." Article by Hans Brunner

If you are financing a home, you will lose it - US trends

Click image for filmThis film reports on a steep decline in land and housing prices in the US and predicts that they will fall further - by 70 or 80%. It says that if you are investing in a house or simply buying one now, you are going to lose the house because it will lose speculative value. It says that Americans with common sense are simply staying away from buying houses, knowing that they can bring the market to its senses this way. It says that the winners in this will be those who need houses and will soon be able to afford them. The losers - the land speculators; the people who have made money idly out of homelessness; the bankers, the middleclass housing investment wannabes - will lose their money. About time.

A Hamster takes growth economics apart

Click image for film. This is a short film that all politicians and economists and most religious people should see. It is about economics and exponential growth. It is funny and really short.

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