Regulatory attacks bringing a sad demise of the Australian economy

For coal the near decade-long obstruction to Adani has brought immense costs and delivered a message to those seeking to invest in mining.

In Victoria, the government is not only doubling-down on its assault on low cost electricity and gas but is attempting to seal off areas from (gold) mining, as well as timber-getting and a range of leisure activities by declaring them National Parks.

And attempts are being made in seveal states to prevent new activity by impeding land clearing as another chip in the global warming waste.

With water, the hapless David Littleproud is defending the policies initiated by his green left predecessor, Tony Burke.  This involves taking of one third of available supplies from Murray Darling irrigators and flushing it out to sea as environmental flows and to ensure the maintenance of the artificial fresh water lakes at the mouth of the river.  The region is responsible for 40 per cent of agricultural output and, notwithstanding booming overseas demand, is in severe decline as a result.

Josh Frydenberg might be right when he says the economy has shown “remarkable resilience” but this is in face of the blows to which it is subjected by the different Australian governments.  Government policies work both to deter investment and reduce the productivity of the expenditures made.  Those Ministers aware of this seem impotent to address it.