Economics - An Overview

This section contains three economics reports. The reports have been circulated privately and received favourable reviews from names that would be recognized immediately.

 In 1988 economic conditions in Australia were very poor. Unemployment was almost 1,000,000 people in a very small workforce.

Only a few years later, political leaders were boasting that they had created 2,000,000 jobs, far more than population growth would suggest. At the same time there were still more than 600,000 people unemployed, most of whom were receiving unemployment benefits. Clearly there was an inconsistency in the data.

The author subsequently wrote “Unemployment and Job Sharing".

When he published his essay on the internet one economist wrote that the unemployed should learn to compete. That raises an interesting point. A society, by definition, is any group of people working together towards a common end. How can people work together towards their common ends if they are competing against each other?

The author wrote his second report, “The Australian Labour market 1983-1988” some time later, when he wondered why inflation was so high, even though the economy had created so many new jobs. For example, over a 5 year period 2,000,000 jobs were created.

Overall there is already some evidence that the world is entering a new dark age, where violence is seen as the way to achieve one’s ends, where scientists are ridiculed and defamed to keep their knowledge from entering the public domain, about which the author has personal experience.

One would have to be completely naïve to not realize that some countries are being denied access to science and technology and are then condemned by the capitalist economies, principally the United States, Great Britain, and Australia, as being backward, illiterate, and or uneducated, and lacking in respect for human rights, for the same reasons.

Could countries improve their standing in the world community and forestall or even avert economic collapse and financial and political takeover by being seen to identify and provide real economic solutions to the problems facing the world? I believe the answer is "Yes".

One would also have to be completely naïve to expect that it would be a simple problem to solve.

In the end the continual demands by the government for greater economies prompted the author to write “Family Allowances”, a rather cynical view of the waste in one government program ($1.2 billion per annum p.v.). This report was sent to several parliamentarians, but no response has been received.

The reader is invited to peruse the essays, and consider their own situation. 

 Contact:  georgebl@iprimus.com.au