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Economics Is Anti-Community

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Have you noticed that we have all become economists over the last 30 odd years? That economic-speak has become the lingua-franca of our modern world? We talk about the supply and demand of things, the dollar value of everything, and make all our decisions based upon economic principles to a large degree. This has not always been so. Prior to the American conversion to all things economic, which began with the Rand Corporation in the 1960s, governments and ordinary people did not bang on about economics. Economics is founded upon certain assumptions about individual behaviours driven by self-interest. Indeed, economics is anti-community.Continue Reading

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The Productivity Narrative Is A Scam

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In: economics, featured, Government, latest post, politics, power

Have you ever thought that you might be being played like a guitar or a puppet on a string? Australia has been on an economic hold for the past few years in response to the high inflation post pandemic. The Reserve Bank of Australia (RBA) steeply raised interest rates to dampen the economy and repeatedly told the community to pull its head in. Understandably, like good citizens we obeyed and economic  growth became sluggish and non-existent. Now, things are better, apparently, with inflation back in their band of acceptability at 2-3%. So, growth is back on the agenda and the conversation turns to productivity and the national figures. The productivity narrative is a scam.Continue Reading