In many respects the rationale behind the notorious Lima agreement and the introduction of Globalism was the Pre-World War II situation where third World countries,were part of European Empires,in Africa,Asia and South America and were despoiled of their natural resources for little gain by the Big End of Town,who paid little for those resources and made enormous profits in Western countries from value added manufacturing.
In a very informative lecture by Pro. Joseph Stiglizt,Nobel Prize Winner and a member of former US President Bill Clinton’s team of advisers,at his talk on economic problems in Europe an US which was shown on ABC1 11am,11 August 20109. He discussed at length the reasons for the present economic downturn in Europe and America and possible ways to help these countries recover.
In answer to a question he pointed out that Australia as a nation gained little from its publicly owned resources and that in fact resource depend economies were at a disadvantaged because the high rate of exchange of our dollar made our agricultural industries,manufacturing and tourism ventures operate at a exchange rate disadvantaged and that we should tax the miners and use the money on worthwhile investment s for society.
What Prof Stiglie did not explain was the impossibility of reviving Europe’s and Americas economy without ditching the Post-Industrial society and a return to manufacturing That also means ditching the Lima agreement and Globalism and training our effete young in the ways of a successful manufacturing economy and a productive way of life. Germany and South Korea are examples.
The professor seemed to think that the new global warning industry is the answer,I do not see how? Any thing we invent will be made in Asia,wind turbines are already made there,and his comment that we must ‘adjust’ our standard of living to accommodate carbon taxes scares me. Our becoming a Third World Country is bad enough but being a ‘poor’ third World Country is just too much.
The Prof talks about financial alchemy,any recovery based on carbon taxation would seem the final blow to Wester Civilisation and the worst form of alchemy. Abbott does not believe in taxing the miners that alone must suggest that he is in the pocket of the Big End of Town which should make him unelectable.
Gillard is in the hands of the unions and will drive us to third world status by a carbon tax,she is no better.
Both Abbott and Gillard will continue to let in large numbers of migrants and sell our farms to China. If these two leaders are our friends who are our enemies? Who to vote for? Hmmm!
