This was just put up at Instapundit. THIS IS WHAT THE LEFT ENVISIONS FOR US:  Every nation should learn Australia’s lessons.5

This is the larger question asked at the link: “What happens when a country divests itself of anything that can assure its self-sufficiency? Australia provides an answer to that question.”

The central element of pre-Keynesian economics was value added. Unfortunately we are all Keynesians now. Read it all.