The Forum > General Discussion > Happy 150th Birthday Banjo Paterson – An Australian who cared about Australians
Happy 150th Birthday Banjo Paterson – An Australian who cared about Australians
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>>Have you heard anyone arguing we should make "all things" ourselves?... You have an extremist absolutist definition of protectionism, that bears no resemblance to what anyone is proposing<<
Did you actually read what Banjo Paterson was proposing?
"The question between free trade and protection, when you come to the bedrock of it, is simply whether it is better for a community such as ours to exchange its raw materials for the manufactures of other countries, or to tax its own people and so create manufactures."
It was the logical result of such blindness that I was trying to illustrate for you.
More Banjo...
"We will, of course, amass a huge revenue of Government; but I have yet to learn that that is an evil."
Much water has flown under his "North Shore Bridge" since that time, and we know that centralizing the economy in such a way, and then trying to pick winners into which to pour our money, is hopelessly inefficient and wide open to corruption.
Paterson's grasp of economics was as cloyingly twee as his poetry. Bless.
Similarly, SteeleRedux:
>>It should be a prime responsibility of our government to provide opportunities for employment for its citizens. If this entails some forms of targeted protectionism then so be it.<<
Sadly, there isn't a skerrick of business competence in the entire Parliament, and less than half that in the entire public service. And these are the people you want to pick and choose which industries we should indulge in, and should therefore be protected?
Look at the mess they have made over the years with the mining industry. All they have achieved is to allow a few individuals to become obscenely rich through selling off chunks of Australia that they have been allowed to dig up. And along the way, quite probably, making a number of politicians and public service parasites rich in the process.
The quickest way to create a corrupt business is to protect it.
Mafia Studies 101, NSW Chapter.