Interesting and informative article. We always reach a point where complexity becomes fraud! Quote unquote.
Stolen debt, derivatives, short selling, ponzi schemes, securitized mortgages, to big to fail financial entities, more and more of our finite real wealth concentrating in fewer and fewer hands, and debt funded speculation etc/etc, is arguably the core reasons for the GFC?
Population growth as the arbitrageur for economic growth, needs to be replaced with something far more rational; and indeed, far more rational decision makers.
We need to adjust to a carbon free carbon neutral economy.
That means exploring and exploiting our own low carbon alternatives in preference to fully imported high cost high carbon ones.
Yes sure, we are currently a net exporter of energy; but, many of our energy based mining projects could be replaced by large holes in the ground inside thirty years.
We need to explore and exploit the probable low carbon bonanza to our immediate north, ourselves. Just to be sure and certain, the returns support us and the long term economic reforms we need!
After all, energy and capital are the only 2 economic pillars that support a western style economy such as ours, and we need to usher in vast changes that could bankrupt us, unless we exploit areas currently earmarked for, so-called marine reserves.
We need the revenue to finance the change over to a carbon neutral trickle up economy, no longer reliant on population growth.
We will all lead abundant lives, simply by attacking and removing poverty in all its forms and guises. Part of the way of doing just that, is to tax extreme obscene wealth out of existence.
The top tax rate in post war America was 91 cents in the dollar. It also was a period of unprecedented prosperity!
We can't continue to pay patent fraudsters multi-million dollars salaries, for successfully engaging in "legal" if super complex fraud?
Nor can we continue to pay incompetent administrations extremely generous salaries for incompetence or and corruption.
Several one term govts, would likely sort the wheat from the chaff, in that regard.
Rhrosty.

Rhrosty: "We need to adjust to a carbon free carbon neutral economy. "

Would you please explain what you mean, as Wikipedia says the following about carbon ( see http://en.wikipedia.org/wiki/Carbon):

Carbon is the 15th most abundant element in the Earth's crust, and the fourth most abundant element in the universe by mass after hydrogen, helium, and oxygen. It is present in all known life forms, and in the human body carbon is the second most abundant element by mass (about 18.5%) after oxygen. This abundance, together with the unique diversity of organic compounds and their unusual polymer-forming ability at the temperatures commonly encountered on Earth, make this element the chemical basis of all known life.

Carbon free as a term applying to the economy; means, energy derived from sources that produce no carbon per se, i.e., the nuclear option, solar-geo/thermal, wave or tidal flow generation etc.
Carbon neutral means something that doesn't increase the carbon load in the atmosphere; meaning, the normal action of nature can then get on with reducing the carbon load and restoring the natural equilibrium. Okay?
The latter accomplished, e.g., by turning biological waste into power, on site, utilising Aussie innovation, in a smell free, closed cycle, two tank digester system that produces methane, which can then be stored in (a) simple bladder(s), and then fed into, [more clever Aussie innovation,] (a) ceramic fuel cell(s), to produce on demand power and free domestic hot water. [Plus, high carbon, sanitised, very low cost, organic fertiliser and recyclable water eminently suitable for nearby, algae based, very low cost bio-diesel production.]
Moreover, onsite power production for around a third of the cost of coal-fired power, or around 1-2 cents per kilowatt hour!
With all due respect, the question you ought to be asking Raycom; is why, even when the latter is being successfully trialled elsewhere, it still doesn't happen here?
Just who'se interests are the govt serving?
We don't need the current extraordinarily complex carbon tax, forced on a minority govt by the greens, that basically churns money around the economy, but rather, a few pilot plant power projects, that turn all the biological waste produced, say in a large major hospital or any other highly populated public building/military base, into on demand power provision and free hot water; and, where power provision is an absolute must and can't be compromised for any reason!
And where the vastly reduced cost of the same, [many millions PA,] would then translate into more beds/materials; and or, much shorter queues for elective surgery, or some such.
We don't need the govt's current complex arrangements or the coalition's much more expensive carbon reduction scheme, just applied pragmatism and or, vastly less expensive solutions, that simply walk out the door.
Cheers, Rhrosty.

Summary:
What a nice exposition of THE problem, like a Shaman pressing pins into a Voodoo doll:

There are no solutions, only more pins.

Conclusion:

All you can do to seek justice is join in and pass on your risks to others where possible then DIE.

This Author is exacerbating Australia's Socio-Political stupidity and overlooks the biggest consequences to these risk sliding frauds on the Australian people:

1: the use of high immigration quotas as a low class ENFORCER only in poor communities will become too well defined to be hidden

2: Civil War in the major capital cities as ethnic enclaves seek greater power within traditional Anglo political monopolies.

3: Australia's weak environmental fabric will collapse and fail to meet risk redistribution targets much sooner than expected

4:The Carbon tax has caused every imbecile in cities like Sydney to burn wood and coal to save on electricity costs. The cancer and respiratory consequences for all children and elderly INCLUDING those at the very Top of the risk shifting Pyramid are REAL and will manifest before the Spring. The SHOCK waves will be nothing short of REVOLUTION as far as the Carbon tax is concerned. Political structures based on fraud will be rocked by personal health consequences within months.

Rhosty: " Moreover, onsite power production for around a third of the cost of coal-fired power, or around 1-2 cents per kilowatt hour!
... the question ... is why, even when the latter is being successfully trialled elsewhere, it still doesn't happen here?"

If it has been successfully trialled elsewhere, why has it not been implemented as the solution in those places, given the alleged low cost relative to coal-fired power production?