Showing posts with label economic growth. Show all posts
Showing posts with label economic growth. Show all posts

Tuesday, August 3, 2010

Where is the leadership?


As Australia slides into a rather boring election campaign (thus far) it is worthwhile to note that there is a difference between the two main parties. One outcome that seems certain is the increased importance of the Greens and the animated version of Bob Brown which is worth witnessing after many years of droll, monotone.
I know you want to keep it connected to the main game or the game that you are concerned with at present so here are some articles to read.
The first is the thoughts of business- which interestingly are favouring the ALP at present due to the fact they will lower company tax and be introducing a super broadband. see Fate of business.
Another interesting read is the thoughts of Jospeh Stiglitz who had the following to say on the 730 report. You can watch the intereview with this Nobel economist on the global economy and Australia's performance.

KERRY O'BRIEN: There's been a lot of criticism of waste in the way some of Australia's stimulus money was spent. Is it inevitable if you're going to spend a great deal of government money quickly that there will be some waste and can you ever justify wasting taxpayers' money?

JOSEPH STIGLITZ: If you hadn't spent the money, there would have been waste. The waste would have been the fact that the economy would have been weak, there would have been a gap between what the economy could have produced and what it actually produced - that's waste. You would have had high unemployment, you would have had capital assets not fully utilised - that's waste.