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Should multinational chain stores, such as Walmart and Costco, be allowed to set up in Australia?
- No (83%, 45 Votes)
- Yes (17%, 9 Votes)
Total Voters: 54
Loading ...We Have Said “Sorry”; Now How Do We Fix The Problem?
February 28th, 2008
The debate regarding saying “sorry” has gone on for the last 10 years and has finally been concluded. Frankly Ausbuy believes that it is a huge fuss about nothing unless we can come up with schemes which actually improve the lot of the indigenous people. Australians are compassionate and generous, but hate to see their money wasted - and it certainly has been wasted over the last 30 years. Continuing these policies with the word “sorry” added will not get us anywhere. We rightly criticize the apartheid regime over its system of permits and passes, yet we create our own apartheid. Did we think that locking away aboriginals in settlements behind a wall of permits would produce a system of out of sight, out of mind? Better to make them part of a growing Australia.
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The Wealth Of Australia
February 26th, 2008
Currently the political discussion about the Wealth of Australia has been revitalised, in particular about the ongoing mineral boom in Australia. The argument to maintain this extraordinary economic growth and the related benefits to the wealth of Australia is based on the present improvement of the terms of trade. In international economics and international trade, the terms of trade are the relative prices of a country’s exports to imports. Terms of trade are at this time used as a substitute for the relative well-being of Australia. An improvement in Australia’s terms of trade is politically declared as worthy for Australia in the sense that it has to pay less for the products it imports, that is, Australia has to give up fewer exports for the imports it receives.
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Is This Another Recession We Have To Have?
February 1st, 2008
The commentators are baying for blood. They tell everyone who will listen that we must control inflation and the only way we can do it is by increasing interest rates. We know that interest rate increases in Australia initially add to inflation. Company investment decisions are not swayed by ΒΌ% increases so it is obviously that it is the general public who are being targeted. If their confidence is reduced it is reasonable to assume that, provided there was no wages break out, inflationary pressures would be reduced. However, in today’s period of high employment that is wishful thinking. However, if Australia goes into recession and unemployment rises, the dynamics of the situation changes. There is no doubt that a recession controls inflation, but a lot of people remember Mr Keating’s era including, I presume, Mr Rudd.There is a lot of instability in the world. The Reserve Bank’s planning is based on India and China continuing to power ahead, even if their vital export markets go into recession. They quote IMF experts to justify their reasoning. They say that China will grow at 10% this year and the US will have a small growth. However, these same experts completely underestimated the impact of the US sub prime mortgages, which is now counting Swiss, German, Chinese and Japanese banks among their victims. Perhaps they are wrong again. If they are, the public will blame Mr Rudd.
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