Keynes v Hayek and Friedman Since at least the mid-1930’s the two main competing economic models within Western democracies have been the neo-liberal model of Frederick Hayek and Milton Friedman and the model proposed by John Keynes. Keynes was more favoured by policymakers following the publication of his General Theory in 1936 through to the 1970s. […]
Welcome to the 2020’s- ‘The Age’s’ Strange Optimism
On December 28 ‘The Age’ posted a very strange editorial. It said that judged by much media coverage the world is heading towards a new Cold War and climate change destruction. But the editorial expressed optimism that “providing we can solve a few urgent problems these grim predictions are too bleak”. The basis for the […]
Capitalism Does Fine Under Authoritarian Rule- China
In the 1980’s, following the collapse of the eastern Bloc, Francis Fukuyama’s claimed that free market liberal democracy had won out and would be history’s final form of government. Yes, the Chinese Communist Party (CCP) still ruled China. But China was introducing free market economic reforms and this economic liberalisation would inevitably lead to political liberalisation, […]
Security Council Declares War on Jihad United Chemical Weapons
Al Qaeda and the remnants of ISIS, once mortal enemies, were both on their last legs. But now they have now joined forces. Known now as ‘Jihad United’, aerial surveillance has discovered that they have a chemical weapon they have been secretly using to continue their holy war against the West and other infidel countries. […]
Climate Emergency and Madrid Failure
There is a Climate Emergency According to the latest U.N. assessment, even if countries fulfil their current pledges to reduce emissions, the world is on track to warm by 3 degrees Celsius by the end of the century—a catastrophic result. In the face of this reality it is imperative that the language of a ‘climate emergency’ […]
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