Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Tuesday, April 21, 2020

Living through the COVID-19 pandemic and opportunities for a new and better future

Living through the COVID-19 pandemic 



The worldwide COVID-19 pandemic has caused major disruption for life as we know it.  In no particular order:

Economies have slowed drastically due to restrictions on many businesses operating.

Many people have lost their jobs and are now unemployed.  Unemployment is reaching levels not seen since the 1930 depression.

Many shops cannot pay rents as they have no income while they are shut down.

Many housing tenants cannot pay rent as they have no income.

Governments have provided stimulatory spending including providing wage replacements to those who have been stood down by companies due to lack of work.  Some groups of people are not getting payments, including international students and casual workers who have been employed with a company for less than a year.

Social distancing to reduce the spread of infection has halted many social conventions including hugs, kisses and handshakes.

Social distancing has also been introduced in supermarkets and retail shops that remain open.

Panic buying has seen supplies of toilet paper and many food supplies depleted.

Many school and all university students are being schooled from home via the Internet.

People are walking and cycling in local parks either alone, with another person or with a family group from the same household.


People are heeding government advice to stay at home and avoid unnecessary travel.  The roads are very quiet.

Police are fining some people who break social distancing and other regulations imposed under a state of emergency.

Many people are working from home via the Internet.

The arts and music industries have ground to a halt with all public performances and exhibitions closed.

Sports are stopped and many sporting clubs and organisations are suffering cash flow problems. Some say they won't survive.

The stock market has suffered major losses with share prices falling [link]

Countries have closed their borders to most travel.

People on cruise ships have become marooned when no country will allow them to berth due to concerns about infection risk.

Air pollution has dropped along with automobile and industry emissions.

Families are spending time together with parents and children all at home during lockdowns.

People are cooking more - meals, bread, pastries, cakes etc.

Hand washing has become routine, along with disinfectant hand cleaner in some shops.

A National Cabinet has been formed to expedite decision making and align federal and state policies and actions for the COVID-19 pandemic.

Union leaders are talking to federal government ministers to develop appropriate support measures for companies and employees.

Companies with large debts and/or "just in time" manufacturing/retail models have been hit hard by the lockdowns imposed by governments.  Many, such as Virgin Australia, are in big trouble.  Some will fail.

Opportunities for a new and better future

Individuals, societies and governments can change how things are done when they want or need to.

We can pay a universal basic income to people who are unemployed.

Governments can build infrastructure that generates employment and benefits people including:
  • High quality bike paths, free from traffic
  • High speed rail links between cities
  • More public transport to give people the option for convenient and sustainable travel


Provide a universal public health system that delivers health services for all citizens and provides economies of scale.

Provide more government funding for research and development into various sectors including:
  • Public health and disease prevention
  • Renewable energy and energy storage solutions
  • Rebuilding centralised electricity grids to support micro-grids, distributed storage and distribution of renewable energy
Impose a travel tax on all car and truck travel.
  • Car users and trucks don't directly pay for roads so many people feel they are free to use.  However, increased road usage creates more demands for roads, creating a vicious cycle.

Support work from home as an ongoing arrangement
  • Less travel would free up a lot of time for many people
  • People could work from home, possibly on a roster system, for 1 to 5 days per week
Price air travel appropriately.
  • Excessive air travel is a luxury the planet cannot afford.  It should be priced to cover greenhouse gas emissions, leading to reductions in non-essential trips.
  • Local holidays are a more sustainable option
Protect forests and plant trees
  • Forest provide natural resources and are "services" such as producing water and drawing down CO2.  They also provide habitat for animals and plants and support biodiversity
  • Cease logging of native forests  
  • Plant trees on degraded farm land and public land to generate employment and increase the world's forest cover.

Transition to renewable energy
  • Develop are roadmap to transition to 100% renewable energy by 2030 and transition off fossil fuels including oil, gas and coal.
  • Generate employment in manufacturing and services for renewable energy


Make all elected MPs part of government
  • Reform politics and government so that all elected MPs have a role to play
  • Ditch political parties and "the opposition"

Feel free to add any suggestions in the comments.

Friday, November 18, 2011

The entire First World financial system is a ponzy scheme

Today, "contagion fears sliced $23b off the Australian stock market".  Australian shares have been up and down tens of billions numerous times over the last year, in fact since the 2008 Global Financial Crisis.

Why should debt concerns in Greece, Italy, Spain or Portugal have such effect on Australia when we are in the middle of a resources boom supplying China's economic growth?

It seems to be all about perception.  If some nations default in Europe then the first world's tangled web of loans and dodgy investments begins to unravel.  Then we get a run on banks and mass "withdrawal of participation" in the financial system, with trust broken.  This could end up in a 1930s style depression.

So the First World's financial system is a giant interconnected ponzy scheme teetering on the brink of collapse.  Last ones out lose all their money.  Banks close their doors.  Countries go broke.  Currencies collapse.

After largesse by various governments and politicians over decades, with unregulated dodgy financial trickery rampant, the solution is "austerity measures" on the hapless populations that pay the taxes.

Another solution is "Quantitative Easing" - which the United States is doing - which effectively means printing more money without producing, making or growing anything.

It seems to we need to redesign our financial system to eliminate speculation, waste, corruption and the endless fixation on endless growth.

In essence, this is a core concern of the Occupy Movement.

Here is a good video from The Guardian that explains some details about wealth and income distribution changes in the United States

Thursday, April 26, 2007

LETTERS: Seeing through Howard's denial of climate change

Three interesting letters in The Age on Thursday 26 April 2007 are below. It seems that many people see through John Howard's convoluted denials of climate and his increasingly extremist position of refusing to seriously address it causes and his blind and unwavering support for fossil fuel industries and the "Greenhouse mafia".

Just who is 'crazy and irresponsible'?
Graeme Scarlett, East Malvern

JOHN Howard says "it is crazy and irresponsible … to commit to a target when you don't know the impact of the target" (The Age, 25/4). Yet he has committed to short-term targets re jobs and economic growth with no understanding or acceptance of the long-term and irreversible impact his policies have on the ability of our global environment to cope. Nor does he have any understanding of the detrimental impact his policies will have on future jobs and economic stability.

Does this make him crazy and irresponsible? You bet. But as the 18th-century philosopher David Hume might have said in defence of such self-interest: "T'is not unreasonable for me to prefer the destruction of the whole world to the loss of my job!"

Opportunity knocks
Author: Rowan Dowland, Wonga Park

WHAT'S the point the PM and Opposition Leader arguing whether climate change is Australia's overwhelming moral challenge? It's both a moral and economic challenge, but most importantly it's an economic opportunity.

Solving the climate change crisis with the use of new technologies is something we have control over, can participate in at an international level and generate overwhelming levels of new business, income and jobs for Australians. Get on with it, gentlemen. Business is waiting for a clear vision of your policy framework.

Moral imperatives
Author: Peter Hanley, Townsville, Qld

IN HIS "Australia Rising" speech on Monday, Mr Howard was reported as saying that "maintaining economic prosperity was Australia's greatest moral challenge" (The Age, 24/4).

In our world today, between 400 and 500 million people in Africa exist on less than one dollar a day, while in the European Union every cow is subsidised two dollars a day. Our top climate scientists have warned us that unless decisive action is taken now to reduce greenhouse gas emissions, global warming will be out of control. And in Australia the health statistics of indigenous people are worse than those in many Third World countries.

The Concise Oxford Dictionary defines "moral" as "concerned with the distinction between right and wrong". I wonder which dictionary Mr Howard uses — the same one that says "greed is good"?"

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