Nanny State must give the private sector a break, as institutional science and political power has failed innovation. The public sector promote their champions where very few real champions historically reside.

banking crimes
http://whatreallyhappened.com/WRHARTICLES/bankersinonechunk.php

Every western style economy, rests on just 2 support pillars; energy and capital.
Energy prices have quite massively risen in recent decades, but particularly where privatization has replaced public ownership, which have been accompanied by almost immediate price hikes of up to 400%!
And all these problems we are having with capital, started with the abolition of the gold standard.
When we still had a gold standard, we had stable prices and wages, rather than the endless wages prices spiral we have now. When we still had a gold standard, we sold more to the rest of the world than we bought.
Moreover, we were the third wealthiest nation on the planet and a creditor one at that.
That situation was very much supported by the public ownership of most/all power provision, and a virtually profitless paradigm, that allowed most of our industries to compete with imports.
Since then, and as a consequence of some extremely stupid govt policies? Around 90+% of corporate Australia, have headed offshore, taking their profits and or tax liabilities with them.
Or put another way, more than two thirds of the federal budget.
We have plenty of gas, but we refuse to touch it, almost as if it was someone else's property!
If we would just give ourselves permission to access it and some very important low carbon oil reserves, we could get this economy up and running, and no longer dependent on foreigners for any and or all development capital. And, no longer governed by their timetable to decarbonize the economy.
If all these things and essential reforms, weren't so glaringly obvious, the govt might be forgiven for their current, sit on the hands policies, all while endlessly mumbling, the govt has no business in business.
Well that's just BS; given the only other option is accept endless foreign takeovers, and endless migration by our business sector!
Suggest we all learn the banana boat song, because it is only a matter of time, before we have to adopt it as the unofficial national anthem?
Rhrosty.

You should know by now, Rhosty, that correlation does not imply causation.

>>And all these problems we are having with capital, started with the abolition of the gold standard. When we still had a gold standard, we had stable prices and wages, rather than the endless wages prices spiral we have now. When we still had a gold standard, we sold more to the rest of the world than we bought.<<

http://agbeat.com/editorials/correlation-or-causation-mocking-the-ease-of-creating-misleading-charts/

And this...?

>>Around 90+% of corporate Australia, have headed offshore, taking their profits and or tax liabilities with them.<<

Who might these dastardly companies be, pray tell?

Methinks you have been at the catnip again.

OUG said;
economic theory alone ensures we..will..NEVER run out of resources

You know in one respect you are right. Many resources will never run out;
They will just get too expensive to buy them, and that is the economic theory.
It is known as "Peak Demand !".
Oh dear, there is that four letter word again.

Jon J said;
Unless you can explain why you think the current crop of pessimists
have any more credibility than their predecessors,

There is a quote you should ponder;
If one thinks that exponential growth can continue indefinitely in a
finite world he is either a madman or an economist !

"Peak Demand !".
Bazz,
What about the Peak demand on our social services ? It's been peaking for several decades now & there's no sign of abating, on the contrary.
That's what we need to address quick smart. All the non-producing high earners who use up the bulk of our financial resources are sending us against the economic wall. We really have no choice but to start rewarding effort not just being there. We need to curb the excessive & immoral salaries of CEO's especially those in the public sector. Get infrastructure back on the planning board as importing is costing us too much because this imbalance can't be maintained. In simple terms people need to get off their obese ar$e$ & offer value for money.
A flat Tax is our only hope to get some sort of level playing field.