Once again we watch the spectacle of our politicians lining up to “condemn” the failure of the four major banks to pass on Reserve Bank interest rates cuts in full. Yet both major parties supported the measure which facilitated the impotence of government to confront the monopoly power of the four large banks. The privatisation […]
How dare you? It seemed easy really.
How dare you? asks Greta Thunberg- How dare you steal my childhood? How dare you come to us young people looking for hope? If you know the science and deliberately choose to ignore it, then you are evil. I don’t believe that- at least not yet. But how dare you? Well, it seems it was […]
What is seigniorage and how much non-tax revenue could it raise?
Until 1844 commercial banks in Britain could print their own banknotes. In 1844 the Conservative Government of Robert Peel passed the Bank Charter Act 1844. This gave exclusive powers to the Bank of England to issue paper money and coins. Likewise, the Reserve Bank of Australia “designs, produces and issues Australia’s banknotes, with the objective […]
China, the US and Intellectual Property Theft
Allegations of intellectual property theft and forced technology transfer are one of the primary grounds that the Trump administration relies upon in the trade war against China. Of the many criticisms of China from the Trump administration, those on forced technology transfer have been among the fiercest. “Forced” Technology Transfer Forced technology transfer means that […]
La amenaza tecnológica al igualdad
A lo largo de la historia, las clases altas siempre han alegado que su riqueza era resultado de su inteligencia, fortaleza y superioridad con respecto a las clases más bajas. Estas afirmaciones fueron, y siguen siendo, en gran parte, ilusiones. Las ventajas de las clases altas son socio-políticas, no “biológicas”. Pero con los nuevos desarrollos […]
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