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The Forum > Article Comments > Regulatory attacks bringing a sad demise of the Australian economy > Comments

Regulatory attacks bringing a sad demise of the Australian economy : Comments

By Alan Moran, published 6/9/2019

The Australian economy has been flagging for many years now. Over the past year we actually saw a decline in GDP per capita and per hour worked.

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It's a greedy selfish world.
This story sounds like a parallel to the one I got over the back fence recently.
That was from a successful retiree from business, who whines on about how hard up they are living on the beach in a six bedroom mansion. The world is against them.

And I love the bit about the welfare drag on the economy.
Maybe we need to begin exterminating the drag factors.

And could I ask the author, do you have subsidised solar on your roof, paid for by the poor who are not so lucky to have a roof. There the ones living in cars, that's a good enough roof for the worthless.

Well all be rooned says Hanrahan...
Posted by diver dan, Friday, 6 September 2019 8:20:37 AM
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Come on Al...add your two bobs worth, I can't wait!

Dan.
Posted by diver dan, Friday, 6 September 2019 8:30:29 AM
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Government intervention. The root of all evil. Politicians are the cause of all the problems they claim that they can fix. But, "unproductive welfare". Since when was welfare supposed to be productive? Welfare is part and parcel of democratic, civilised societies; the only problem is that there are too many people on it who should not be on it - starting with too many useless immigrants and make-believe refugees, and people with sore backs or terminal acne posing as invalids.

Speaking of "mineral resources" being under-utilised: blame the idiotic fear of carbon dioxide for that. That fear is the current cause of most of our problems - massive electricity prices, no industry, no jobs. We are a spending society, not a saving (for investment) society, thanks to the dead hand of the reserve bank and interest rates not worth having. Why would anyone hang onto money that is not earning
Posted by ttbn, Friday, 6 September 2019 9:05:53 AM
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Government intervention. The root of all evil.
ttbn,
Yes but, mainly due to keep the hordes on the public payroll from disrupting the show even more than is being down thus far.
You know those on $150-400,000 salaries for simply climbing the career ladders with no actual positive achievement for those who are forced to hand over their Dollars.
Yep, great system if you are heartless & useless enough to exploit it !
Posted by individual, Friday, 6 September 2019 9:35:18 AM
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Government created and imposed regulations can and have impacted very negatively on the Australian economy! But nowhere more self-evident than on power supply! To the point where the cost of power, the highest in the world. became greater as a component of doing business or making stuff, more expensive than wages! Part of it was the asinine privatisation that

#1 Quarantined investment capital in monopolised and price gouging, tax-avoiding, profit repatriating, debt-laden, foreign investment!?

#2 Prevented this (foreign) capital from being invested in our increased productive capacity and innovation! Imagine, we were once the third-largest economy and a creditor one at that! And our country towns were inviting places where cooperation provided healthy returns for all who endeavoured.

We had vastly less division and acted as a unified nation with visionary Leaders and visionary projects that none of today's pollies would ever conceive or consider doable. Largely because timidity and self-interest/cronyism has replaced bipartisan pragmatism and cando thinking with never ever! And immovable, bloody-minded WON'T! TBC.
Alan B.
Posted by Alan B., Friday, 6 September 2019 10:24:38 AM
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Cont.
The government imposed and created regulation that harms our economy and entrepreneurial endeavour and investment the most is, the asinine absurd one that officially prohibits nuclear power! Not because nuclear power is inherently unsafe. but because in our political ranks there are a few who've risked their shirt on coal and gas investments and others who have risked a personal fortune on renewables.

If Nuclear power was problematic, why does it have the lowest death toll per gigawatts generated, even in comparison to much-vaunted renewables!

See Alan Goulding's Facebook page and a couple of shared, very short instructional videos, shared by Google tech talks and experts in their field!

And demonstrates where we should b headed and investing public money in, i.e., MSR thorium1 Because this has been successfully field trialled between the '50s and '70s by none other than the inventor and patent holder of the first operational reactor, Alvin Weinberg. Who was first among equals to understand we'd picked the wrong fork in the road to go down and invest in!

Thorium delivers everything that fusion promised but could never eve delivered but rejected because of the difficulty of weaponising.

Moreover, his technology can also be tasked with burning up the world's stockpile of nuclear waste and extracting the remaining 98% of recoverable energy in the process! And as a process, the other nations of the world would pay us annual billions for!

Given we provide a permanent storage solution/outcome! And given we do as proposed, reduce the half-life to just 300 years and produce a vastly less toxic material that may well be suitable as long life space batteries that burn up with reentry.

Furthermore, produce the lowest costing energy in the world with reactors that the rest of the world effectively pays for! And CARBON FREE energy to boot!

So, WTFing hell is wrong with our decision-makers!? SFB's?
Or conflicting personal interest/business allegiance?

Go figure! TBC.
Alan B.
Posted by Alan B., Friday, 6 September 2019 10:55:30 AM
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