We can see that our alleged right-wing economists are actually just leftist traitors. The main-stream contingent in any case.
A simple request to clarify or backdown from the idea of communist nationalisation of our resources has been knocked back. We ought to stop pinching ourselves in disbelief that these people could be disloyal when in fact a great many of them are foreigners in the first place.
Nowhere in economic theory is nationalisation by communists justified. This was a simple matter. A clear-cut matter. And yet Sinclair, Humphreys and Jason have failed to come good with this. We need to realise that these guys are leftists. That they are on the same wing as Quiggin, Gruen and the other leftist lunatics. They are on the side of sellouts and other CO2-bedwetters.
Name one of these guys who has come out against the science fraud of global warming? Against a Pigouvian carbon tax? Name one of these guys who has come out in favour of massive spending cuts during a recession? We see a pattern of these alleged free enterprisers constantly letting us down.
Now why do we see this? Are they in league with the move to global governance? In the pay of the Chinese communists?
What we can know for sure is that they do not have a handle on their subject. They do not grasp the material. This may not be evident to Joe Public but to me it stands out like a really bad drummer. Its when you are not conversant with the material that you get pushed towards the direction of institutional imperatives. The faux-free-enterprisers wind up justifying the wishes of blood-sucker-central on skewed “free-enterprise” grounds.
For top-flight economic commentary in this country there is only Brookesnews. All the rest of them come in relative shades of ignorance. With Ergas and Stutchbury tending to be the least bad and things falling off appallingly from there.
Costello is right on this matter. And we don’t change our rules and understandings just because some bigshot gets themselves in trouble. Bankruptcy in the resources industry is just fine because our small-caps then have access to these resources on the cheap and the debt is forgiven under perfectly reasonable bankruptcy laws. Thus reducing our total overseas debt.
Debt is far and away overused under our system and bankruptcy is the blessed way that this overuse of debt can be reversed. In this case without selling anything to foreigners.
My advice is for everyone to go to Catallaxy, and Thoughts On Freedom and to interrogate these clowns until you can satisfy for yourselves that they don’t have reason and logic behind them and that this selling out is merely a tribal imperative.