My agenda for our new government

This is the agenda for the new government.

1) Balanced Budgets, Easing of Business Regulations and a Sharp Reduction in Public Spending

Modern macro, that teaches that spending, of itself, is the basis for economic growth, higher employment and rising wages is not just wrong, but if you think about it, cannot possibly be true. Spending on non-value-adding projects lowers real incomes and uses up our capital base in producing output with less value than the resources that have been used up. Governments should of course continue to offer welfare, but the fact that not everything can be afforded should be at the very forefront of every policy declaration. The fact of the matter is that governments are very poor at choosing which projects to back and their management of any form of investment is wildly profligate. The greater the level of public sector “investment” the more slowly the economy will grow and the slower the improvement in public welfare and real earnings.

2) Not Just Forget About Paris but there should be an Active Return to Fossil Fuels and Perhaps Even the Introduction of Nuclear Power

Climate change is a theory with very little evidence of its validity. To base our power generation on some madcap idea that we will be saving the planet at some unknown date in the future by savaging our industry, raising the cost of production in Australia and lowering our standard of living is a form of masochistic economic suicide that should be ended right now.

3) Sharp Reduction Migration Numbers

Irrespective of where migrants may originate, we cannot keep bringing in the numbers we are importing, even if every one of them began to work the day they arrived. Our infrastructure is not designed for the massive numbers who are coming to Australia to share in our wealth. It is with certainty that during the short- to medium-term, migrants reduce our per capital standard of living. We have a very tiny number of jobs that cannot be filled domestically by our existing population, and even then the price mechanism will efficiently sort out where our labour should go, and will do this by raising real wages. Migrant numbers keep real wage growth low, partly because of the competition provided by these additional numbers, and partly because migrants use up resources that they have not themselves contributed to the production of themselves.

4) Migration including the Taking of Refugees Must be Based on Cultural Compatibility of Potential Migrants with our Existing Population

Not every person who wishes to come to Australia has either the skill base to join our workforce or the cultural traits that will allow them to fit into out communities, even assuming that is what they wish to do. The international evidence of cultural incompatibilities is overwhelming. So is the domestic evidence.

5) Continue to Stop the Boats

This is The Coalition’s big strength. Not only must this continue, but more pressure must be put on Labor to stake out what they would do. You cannot trust the ALP on this, and this needs to be a big part of what is done to alert the community to the differences between the political philosophies of our major parties. Nor is it even a sign of compassion on their part. They do this to bring in voting numbers. It is political power that is sought and nothing else.

6) Defence of Western Civilisation

We are part of Western Civilisation, whose major traits include a degree of tolerance found in no other civilisation on the planet. We are a community that evolves through innovation and open discussion of which free speech is only one element but an essential one. We should make sure everyone who lives in our community understands and values the heritage from which the West has risen.

There is more to it than this, but this is where they should start.

Dangerous roads

The first in an article on The 20 Most Dangerous Roads In The World (20 Photos)

Karakoram Highway

Suburban Men

Connecting China to Pakistan, the “Friendship Highway” is actually not friendly at all. It’s 16,000 feet in the air, meaning altitude sickness is a serious issue for anyone braving its sharp turns. It also has the usual landslides, avalanches, rock slides and unpaved lanes common to mountain highways. You’re basically driving a narrow lane with flat rock on one side and an unguarded death drop on the other – plus it’s full of buses taking people to K2.

It’s a wild world out there. I’ve driven the Barton Highway between Yass and Canberra many times over without a scratch, but it is a complete pussy compared with the rest. No idea why it’s included [Number 8 on the list so these are definitely not ordered according to their intrinsic danger]. I have, however, driven the Canadian Rockies in the bad old days before the guardrails were put in, but in summer, and when young and with total awareness that one false move and its over. The roadways pictured are madness, and in the places where many of them are, the drivers are probably paid not much more than a few dollars an hour.

Getting the unbalanced just right

On the one hand:

Longtime Trump Org CFO granted immunity...
'Narrow in scope'...
Manhattan D.A. Eyes Criminal Charges...
'We don't know quarter of what's in pocket of Mueller'...
RUDY TAKES SHOT AT PRESIDENT FOR 'FLIPPING' COMMENTS...
LEAK: Aides expect to go rogue on pardon...
DRAMA: George Conway tweets again...
Mueller Muzzles Manafort...
BUCHANAN: We are headed for hellish year...
DAN RATHER: STAY TUNED...
Kavanaugh argued the president can be impeached for lies, cover-ups and refusing to testify...
Dems' midterm strategy: Stop talking about Trump... 

But then on the other:

STOCKS RECORD HIGH...

The most climate-skeptical nation on Earth

This is how our political troubles have been viewed in the US, at least according to the Crackpot News Network: Why not wreck the planet? It could save your political skin. Although already overtaken by events, there you may read:

(CNN) There is a certain mindset in politics, present the world over and across the political spectrum, which distrusts expertise. That mindset is presently revealing itself in Australia, where this week a small group of conservative-minded members of parliament held the prime minister, Malcolm Turnbull, hostage over climate policy.

Turnbull’s center-right Liberal party had pledged to reduce emissions from Australia’s energy companies more than a quarter (from 2005 levels) by 2030, a key part of its efforts to meet its international obligations.

 

But several of his own MPs, led by his predecessor as prime minister and long-term rival Tony Abbott, forced him into a climbdown by threatening to vote against the legislation. Turnbull’s government barely has a majority in the House of Representatives, and losing such a key vote could have led to a leadership challenge. Cowed, he dropped the pledge, and on Tuesday narrowly survived the revolt.

 

Yet for large parts of the political class here, and the people who vote for them, climate change is seen as a scam perpetrated by liberal, anti-business scientists.

 

One in five Australians, a poll last year showed, believe that climate change is a “hoax.” Another poll in 2015 declared that Australia was the most climate-skeptical nation on Earth.

 

Abbott himself has said that the “settled science” of climate change is “absolute crap” and that efforts to reduce its impact are like “killing goats to appease the volcano gods.” Another politician, the anti-immigration populist Malcolm Roberts, has clashed with scientist Brian Cox, claiming that NASA data was “manipulated” to make climate change appear worse than it was, to Cox’s astonishment.

 
And you can see here the evidence we are ignoring, from that same report.
 

Australia is a country where environmental damage is obvious, in the form of the hole in the ozone layer over the Antarctic caused by use of CFCs decades ago, the steady bleaching of the Great Barrier Reef from warming, carbon-dioxide-acidified seas, and the ever more prevalent bushfires.

Makes me proud to be an Australian.

 

Small mercies

No doubt we should be grateful for small mercies. Malcolm is gone, although not gone all that far, and that is something. Scott Morrison is a step up, but lacks either gravitas or the charismatic glow. Perhaps we will be surprised, but I won’t be surprised if we’re not surprised. But he can win the next election and I most assuredly hope he does.

But what has been the most disturbing part of the day’s events were the 40 votes cast against the spill. It is possible the number was made up to save a bit of face for Malcolm. On the other hand, it really may reflect the attitudes within the party room. It would mean near enough half the Liberal Party is made up of Keynesian central planners who think they can spend our money better than we can, and who see themselves at the centre of the economy by dispensing billions towards their favourite projects. These same people wonder why productivity growth has come to a stop. Economic illiterates, but then most economists are as well. No idea how a decentralised economy causes growth almost without effort. They did it themselves under Peter Costello who made the economy hum by savage cuts to public spending and the easing of some of the burdens placed on businesses by governments. You can see the same result in the US right now, but no one here or there sees the cause and effect relationship between freer markets and economic prosperity.

The 40 votes against the spill also suggest that a large part of the party accept that global warming is such a major and pressing problem that it is worth wrecking our economy and our productive base to do what they can to ward off this phantom catastrophe. For myself, anyone who entertains this possibility at this late date is a credulous fool of the highest order, basically a simpleton without a shred of common sense. We sell our coal which gets burned up in a far more polluting way than if we used “clean coal” ourselves. And whether or not we stopped selling coal in an act of suicidal idiocy, the CO2 levels will do whatever they will do with our sacrifice or without. Meanwhile more and more Australians will freeze in the dark as the power bills go up.

The Libs plus the Nats remain better than Labor, and Morrison does at least have form in having stopped the boats and does apparently want to cut back on public spending. And all those folk who think letting Labor have a go while the Libs rejig themselves are the worst fantasists of all.

We must all live in hope, but as they say, hope is not a policy. We shall see.

Some people just can’t take a joke

From The Mail Online:

EXCLUSIVE: Jeremy Corbyn said British ‘Zionists’ have ‘no sense of English irony despite having lived here all their lives’ and ‘need a lesson’, while giving speech alongside Islamic extremists at a conference publicised by Hamas’ military wing

  • The comments were made when Corbyn  spoke at a 2013 conference advertised by the propaganda website of Hamas’ military wing
  • Corbyn said that British ‘Zionists’ didn’t understand ‘English irony’
  • He added: ‘They needed two lessons, which we could perhaps help them with’
  • Stephen Pollard, editor of the Jewish Chronicle, said: ‘This shows the reality of what Jeremy Corbyn thinks of Jews’

And then from Drudge:

President Tweet on SAfrican Land Seizure Draws Govt’s Ire…
MALEMA: ‘Only death will stop us’…
SAYS ‘JEWS’ TRAINING RIGHT-WING SNIPERS…

“A Sociopathic Philosophy Conceived in Gross Error and Ignorance”

A note to me from the author.

If you want to stop and reverse the resurgence of socialist ideas on campus and elsewhere, here’s an excellent vehicle for doing it:

This thirty-three thousand word essay is now available in Kindle format at Amazon.com for just 99¢. Go here to order it.

Royalty free licenses are available for anyone who wants to assign the essay to a class or distribute it to any special group, such as the members of an organization or its contributors, or to one’s personal list of friends and associates. Write to me at g.reisman@capitalism.net to request such a license along with a copy from which duplicates can be made either for distribution online or in hardcopy format.

You gotta try, but the hill to climb does keep getting steeper and more difficult. Might just mention Scott Johnson discusses just this today: Socialism as a Hate Crime. What is there not to understand about one of the most intense political failures in the history of the human race? But whatever there is, no actual real world experience ever seems to get vast numbers to see the disastrous futures they plan for themselves should they actually achieve their political ends.