Wild assumptions about anything are just that! Fiscal policy doesn't buy new stock once the drought has ended, nor make land that is too marginal to recover as tenable grazing land, become tenable grazing land!

We just do not need competing theories to enable more debt-free production! What's required ar pragmatic plans to make our productive sector PERMANENTLY drought-proof! And they are locked absolutely, to affordable reliable energy and cost-effective reliable water supplies!

And with those two (3 cents PKWH) MSR THORIUM AND (4times as much for the same dollar, 95% potable) DEINISATION DIALYSIS DESALINATION!

We can put water where none now flows or is available! We need both vision and leadership, not former academics locked to this or that idiotic ideology.

I mean a 2% rise in average ambient temperature would not just reduce economic outcome by between 0,2% and 2% it would completely ruin/devastate our agriculture sector!

What we need is an inland canal lined with small MSR thorium power plants that in turn power largish deionisation dialysis desalination plants, that then pipe affordable cost-effective irrigation to the arid inland.

Which in turn becomes a permanent garden/climate-altering recharge mechanism to spread this additional atmospheric moisture north south east and west!

The fossil record tells us, as would a historically accurate, scholarly tome, that a 2% increase would threaten all life as effectively as a nuclear winter and we would see England become a windswept nation where salt-laden winds regularly exceeded 300 kilometres per hour. And become a virtual desert where nothing grows. Moreover, the global ice melt would raise water levels to levels by as much as 70 metres!

And for us, that's around 70% of our arable land and economy inundated! AND WORSE!

It's not that we can't afford the proposed remedies, just won't tackle them due to timidity at the highest levels and indeed, in the proffered advice!

We have a 2.5 trillion dollar super fund, and with the right plan could leverage as much again!
Alan B.

I hate to tell you, but the people will revolt if any economic system fails them.

The saviour in the past was nationalism. That has been killed off with multiculturalism.

What is left is a swarming mass of discontent, unhinged and self focused through destructive ideologies such as economic theories, which suit the upper end housed in gated communities.

The only way out is corruption on a broad scale, which circumvents economic rationalism.

Scamming is the major industry in Western economies. This simple metric is totally ignored by academics.
It is estimated that thirty percent of Western economies operate in the black market.

It's less than a trade secret now, as increasingly, politicians are exposed for taking back-handers, and bribes, and are entirely focused on servicing the lobby industry.

Let bankers worry about their investments and securities, society will get on and produce John Steinbecks et al, to record abysmal academic failures and their effects.

Dan

diver dan,
this time you're dead-on correct !

Still no move on the Bradfield scheme ? The best & cheapest Drought policy at hand ?
The Chineses wouldn't waste a second at such an easy solution !