Andrew Leigh is an incredibly nice guy and I used to follow his blog before he entered parliament. He had many very useful statistics on that blog which I believe you can find at PreviousLeigh (see a sense of humour too).
Unfortunately as a practising economist he has zero understanding of Modern Monetary Theory (MMT).
See and read more at Australian Real Progressives
In my previous post I outlined why jobs don’t come from rich people: capitalism runs on spending (sales), not savings. Job opportunities appear naturally when businesses forecast sales growth and expand output accordingly (and similarly disappear under reverse conditions). When viewing the economy as a whole, we can observe that private sector investment responds to rising incomes and spending as entrepreneurs expand output to match market demand and banks have confidence lending. In the absence of spending growth, accumulated savings do nothing.
The thing is, Democracy will end.
At some point the current dominant expression of Democracy – Universal Franchise with mass political parties and redistributive taxation – will fail to deliver solutions to urgent problems: Climate; Migration;War; National Sovereignty – and it will be discarded for something else.
Talking Politics
I have just discovered the excellent Podcast Talking Politics which discusses UK, US and European and International Politics.
You must subscribe to Talking Politics. It is put together by David Runciman of Cambridge University and provides commentary and analysis in the best British academic tradition – informed, fair, objective, funny. It is absolutely brilliant.
I have awoken with the urge to blog for the first time in many moons and offer you this otter doing a backflip at Capron Park Zoo in Massachusetts.
The NSW government’s planned Aerotropolis is conning residents of western Sydney. It’s more about useful politics than plausible policy Will the Western Sydney Aerotropolis really deliver on jobs?
The only surprising aspect of the Victorian government’s decision to terminate Melbourne Bike Share is that it took so long Is ending Melbourne Bike Share the right decision?
A shorter version of this post (with proper spoiler alerts) was first published at ACRAWSA blog on 7 June 2019. Many thanks to director Partho Sen Gupta and to Prof Alana Lentin for entrusting me with tix to a film on a Sunday night in Randwick (in the pouring rain! see review, below).
Love in the Time of Terror: Slam at Sydney Film Festival
Review by Ingrid Matthews
[Alert: Spoilers]
Fringe suburbs have historically always had fewer jobs than workers. What policy makers should focus on is providing good transport links to the more central parts of the city where most of the employers want to be Is labelling the outer suburbs as ‘job deserts’ helpful?
We can learn lessons from cities like Paris, but we must be wary of the dangers in importing solutions that might work well elsewhere but aren’t matched to local circumstances Is Paris the right model for the Sydney of 2050?
It’s a popular idea, but the revenue foregone from abolishing fares in a city like Melbourne would have a bigger impact if it were instead spent on improving public transport to make it more competitive with driving Should public transport fares be abolished?
This is Part 3 of my “Uninformed Speculation” series on the 2019 Federal Election.
According to the ABC election calculator, there was a 0.8 percent swing against the Liberal Party and a 1.0 percent swing against the Labor Party. The Liberal party leader is the prime minister and the Labor Party leader is headed for the back bench.
Where did the votes go?
Following on from my uninformed speculation about the Federal Election result I would like to add some uninformed speculation about the new Labor Leader and Deputy Leader.