Economics has traditionally been based on prioritizing scarcity and allocation. Now we seem to be moving to an era of abundance (if not over-supply).
The EU has long sought to impose its carbon dioxide abatement policies on the rest of the world. A major setback to this was the Copenhagen climate summit in 2009.
Policies on offer in 2021 are determined from within a corporatist economic system which has a very different structure of influence to the post World War II mixed economic system based upon the economics of John Maynard Keynes.
Vaclav Smil, a Distinguished Professor Emeritus at the University of Manitoba, has written a clear and accessible article suggesting that 2050 is far too soon a target-year for all of this to take place.
The orgy of government spending, however, is problematic because you cannot keep unprofitable businesses afloat indefinitely.
CBDs will probably have fewer people working in them than the previous 2016 Census, and this may last for some years. Should this be cause for alarm?
The Guardian reports that after over 20 years of 'efficiency dividends' almost $10 billion a year has effectively been ripped out of the Aged Care budget.
Getting the budget back under control is vital if workers are to avoid paying exorbitant taxes for generations.
The pandemic will increase the number of people making a difficult and dangerous journey in hope of a better life
After a year’s experience of COVID-19 worldwide, the continuing hold of discredited mathematical models regarding lockdowns remain.
You may have seen reports that the UK's top court has decided that Uber drivers are not independent contractors. Australian unions are excited by this.
Australian private debt is now 200% of GDP some four times the level of public borrowing. Does this private sector debt affect economic growth?