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Entries Categorised as 'Opinion'

Are climate change and global warming dangerous distractions?

July 15th, 2009 · 97 Comments

If you are to believe politicians and movie stars, then planet earth is warming up and it is all our fault. However the real “inconvenient truth” is that all within the scientific community do not all agree that global warming is caused by human activity alone and many climate scientists suggest the planet is not heating up at all.  So is there a danger we are focusing on the wrong threat?

Is there a Federal Opposition in Australia?

June 29th, 2009 · 17 Comments

We all know the theory of how our Westminster flavoured form of democracy is suppose to work. We the people vote, the votes are counted and we end up with one of the two main political groups running the country. To make sure the group that wins the election and forms government does not get out of control, the losing side is suppose to keep an eye on things and be ready to take over if the people  decide to make a change at the next election. But clearly things are not working that way in Australia at the moment.

Wasteful spending, poor planning and extreme socialism.

June 14th, 2009 · 46 Comments

For some time I have been saying that the Government’s economic stimulus spending spree will be wasteful, poorly directed and do little to make Australia a more competitive economy.  If this is not bad enough the chances are the reckless spending by the Rudd Government may also stir inflation again and cause more problems for the Australian economy than the global financial crisis ever did.

The Catch-22 recession: send in the clowns!

June 4th, 2009 · 11 Comments

Well Australia has avoided a “technical recession” for now so I guess this means that if you have lost your job or your business is struggling then technically you are actually doing fine. But if we are not in a recession, why are company profits taking a beating, unemployment rising and the stock market still so low?

A large population is not always the road to economic success

May 29th, 2009 · 8 Comments

Many economists appear to believe that if  a nation’s population is growing then this is  good for the  economy as well, especially in developed countries. But in a world where resources will need to be shared amongst a growing number of affluent consumers I believe the opposite is often true.

Rudd Economics 101: When in doubt spend like crazy.

May 20th, 2009 · 34 Comments

It appears that finally the Australian media and by default the wider public are starting to worry about Rudd’s mountain of debt. At first many Australian’s were quite happy to pocket their Government handouts in some crazed belief that is was magic money that would not have to be repaid some day or at least, not by them. But perhaps the latest Federal Budget has finally got people thinking as opposed to living happily in ignorance in the Matrix.

Federal Budget 09: A confusing mix.

May 18th, 2009 · 34 Comments

I guess the word confused would best describe my reaction to the Federal Budget handed down by the Government last week. I was expecting some tough decisions to be made so that Australia could emerge from this recession in fairly good shape, but instead the Budget had no clear direction and it seems the Government is hoping that by throwing money at major infrastructure projects that it can appease the public until China saves the day.

You spin me right round Swanny. (like a record baby)

April 28th, 2009 · 15 Comments

Although hardly qualified for anything to do with number crunching, Wayne Swan has in all fairness become much more confident over the last 18 months in his role as Treasurer.   But sadly he is still hooked on manipulating data and his forecasting skills appear as good as Marie Antoinette’s, who once told her husband that the noise outside the palace was just some party goers who would soon be heading home.

Bring back the toga and lose the House of Representatives!

April 21st, 2009 · 8 Comments

It appears to me that the form of democracy we have in Australia (and other parts of the world) is really starting to struggle now in the 21st century. After all, we are basically using a form of government that is now a few centuries old and has been responsible for just as many blunders and failures across the world as it has successes. So maybe it is time we started to think about giving our system of government an overhaul and I believe we can learn a lot from the Romans.

The National Broadband Network: from debacle to disaster

April 11th, 2009 · 29 Comments

Like many Australians I have been frustrated for many years over the slow progress that was made in getting affordable high speed internet connections widely available across Australia.  However in order to get a world class communications network deployed we need the private sector to be in the driving seat and for the government to be involved as little as possible.  Yet thanks to government mismanagement, Australia is now about to spend a fortune of taxpayers money to roll-out a national broadband network.

Is it time for another Australian sovereign wealth fund?

April 9th, 2009 · 10 Comments

It seems the Australian government is in the mood to throw money around in order to try and lessen the impact of the recession, but one option that does not seem to have been raised is for the government to establish another sovereign wealth fund. This new fund could act as means of supporting the stock market and provide a source of income over future years to maintain spending on such things as national infrastructure and healthcare.

North Korea, Japan and the illogical nature of U.S. foreign policy.

April 7th, 2009 · 2 Comments

The interesting thing about North Korea’s latest long range rocket launch was not that it happened, but rather the fact that it highlights once again the illogical nature of United States foreign policy especially in North Asia. Perhaps the best outcome from this latest action by North Korea would be for the U.S. to step back a little and let China, Japan, Russia and South Korea work out a solution with North Korea, after all it is their part of the world.

The great recession swindle: the power grab by governments.

April 2nd, 2009 · 9 Comments

Apparently we are at the moment facing the greatest economic crisis the world has seen since the Great Depression, and therefore the G20 leaders who are gathered in London not only have to dodge protesters but also come up with some solutions to this mess. The only problem with what I have just written is that we are not facing the greatest economic crisis since the Great Depression and the people gathered in London are part of the problem: they may come up with some solutions, but you and I will be paying for them.

Gordon Gekko made a lot of fictional sense.

March 9th, 2009 · 4 Comments

First let’s be clear, Gordon Gekko is a fictional character from the 1987 movie Wall Street. I state this upfront because you would swear that he really existed by the way some journalists seem to write about him these days and use him as a example of what they feel is wrong with the free market economy. But the Gordon Gekko character also put the spotlight on poor corporate management and ineffective boards and judging by recent events, it seems little has changed in 20 years.

The Recession and Rudd’s Plan 9 from Outer Space.

March 4th, 2009 · 9 Comments

Can the discussion surrounding the Australian economy get any more bizarre? Will economists continue to make vague observations? Will our politicians spend most of 2009 making nonsensical statements aimed to please the plebs? If you answered yes to all three questions then you are well prepared for the year ahead.

Blaming the bankers only hides the truth.

February 23rd, 2009 · No Comments

Those evil bankers, how could they do this to us? Because of their greed they have destroyed the global economy, caused global warming and killed Elvis. Their extreme capitalistic neo-liberal Reaganomics ways have doomed us all, while we the general public were going about our daily lives helping the poor, spending wisely and spreading goodwill throughout the world.

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