Category: Economics

When Profit Trumps Democracy – by Aidan Ricketts

How dare Metgasco seek taxpayers money from the government to ‘compensate’ them for their own poor business judgment? What an outrageous sense of entitlement it reveals. Whatever happened to the old idea that businesses made profits partly because they took risks. This insidious idea that speculative companies have some right to be compensated for democracy has to be resisted, and we should all call on the state government to stand strong and refuse to bargain with Metgasco.

Continue reading at …. http://aidanricketts.com/profit-trumps-democracy/

Share

CEC Submission to TSC Economic Development Strategy- 05 July 2013

The Tweed Shire Council is developing an Economic Strategy document that is designed to help guide the future economic development of the Tweed Shire. The Caldera Environment Centre has been involved in planning sessions hosted by the council and has responded to the draft strategy (a copy of the draft discussion paper is available via the link below) with the following submission.

CEC Submission PDF:  Submission-to-Draft-Economic-Strategy_Final_2013-07-25

The major issue that the CEC has with economic analyses such as these is their inherent selfishness and lack of consideration of social and ecological considerations. Recent trends (as demonstrated by the prominence economic discussion receives in the media) seem to be emphasising the importance of economic success above other aspects of life and personal well-being. The CEC submission highlights the failures of economic “science” in not being a proper scientific discipline, but rather a pseudo-science, and outlines alternative economic views that have their roots in ancient thinkers such as Aristotle. read more

Share