Oz Blog News Commentary

Articles from Prosper Australia

Was it ‘debt’ or land price what done us in, Gov?

September 3, 2017 - 19:24 -- Admin

Economists are very strange people.  Some of them say private debt doesn’t matter much, because banks simply act as intermediaries between people in the community who lend to each other, so that any private debt cancels out.  More realistically, other economists say that banks, by generating excessive debt, are responsible for the repetitive economic recessions […]

The Toorak Times

August 28, 2017 - 14:12 -- Admin

Toorak has been in the news – only 5 properties are currently publicly advertised for sale in the exclusive suburb, ensuring scarcity delivers daunting prices. The Domain wrote in glowing terms about a $7m profit on a tennis court held over 20 years. It is not uncommon for Toorak residents to own an adjacent property […]

Changing the world

August 23, 2017 - 12:50 -- Admin

What’s the problem? Class struggle? Population? Debt? Bank nationalisation? Something else? ‘Something else’ is more important than each of the others, but we always say it’s “too hard and will never happen!” And so we continue to plod along in an economic slough of despond, blaming this government or that government, for not taking this […]

Dear God, whose side are you on?

August 15, 2017 - 15:01 -- Admin

Meander Valley Council in Tasmania will sell a family’s home at public auction in three weeks unless they pay their overdue rates. This reluctant display of the authority of government illustrates the limits and strengths of land title in Australia. The Examiner explains: “The owners of Chudleigh’s Melita Honey Farm have less than three weeks […]

Is the Queen a Georgist? 126th Henry George Dinner with Phil Anderson

August 7, 2017 - 12:46 -- Admin

126th Annual Henry George Commemorative Dinner and Address Is the Queen a Georgist? with Philip Anderson Tuesday, September 5 from 6pm The Woolshed, Docklands Tickets via Eventbrite: $30 members; $50 non-members Join Prosper Australia at The Woolshed, Docklands for our annual gala dinner and address. Our speaker this year is Australian economist, businessman and internationally […]

Philippines President: “I will tax you to death”

July 31, 2017 - 15:00 -- Admin

Rodrigo Duterte bludgeoned mining companies in his State of the Nation address to the Philippine Congress over their abuse of the country he leads. His concerns are threefold: • Environmental degradation • The export of raw ores without processing • Miners’ failure to share the revenues of resource extraction The Philippines is the world’s largest […]

West Gate Tunnel: Critical Infrastructure or Game of Mates?

July 20, 2017 - 14:45 -- Admin

by Emily Sims One of the games in the Game of Mates is the Public-Private-Partnership. PPP projects such as Citylink in Melbourne and the Cross City Tunnel in Sydney are financed and built by private consortiums with high, ongoing returns guaranteed by the government. In terms of how we pay for infrastructure, PPPs are essentially […]

MCA’s appeal to the dark side

July 19, 2017 - 15:37 -- Admin

West Australia should not raise mining royalties because GST revenues are distributed to human need, according to the Minerals Council of Australia. Their logic is as twisted as a snake in a maze: both state boundaries and orebody sites are accidents of geography, also known as luck. The MCA’s submission to the Productivity Commission inquiry […]