I am a committed environmentalist, actually a conservative Green, but I am convinced that Climate Change Conferences are a colossal waste of time and money, as was proved by the ridiculous disaster of Copenhagen a few short years ago. Continue reading “THE CLIMATE GUYS HIT PARIS”
My first visit to Parliament in Canberra to attend a Budget speech occurred half a century ago when Harold Holt was Treasurer and he delivered it in the old Parliament House. Continue reading “Can we have a Budget of gradual reform?”
Politicians and economists calculate the stature and prosperity of a nation by the annual percentage increase in its Gross Domestic Product. Governments rise and fall on the basis of this statistic, mainly because nations are declared to be in recession if there is negative GDP growth on three successive occasions.
However, the thoughts of many support the view that it is long overdue for this inadequate gauge of a nation’s growth to be declared the farce that it is.
I want to suggest that it should be replaced by a new measure that could be called General Domestic Prosperity. This means that a GDP will still be calculated, but it will have a new meaning and a different basis of measurement. Continue reading “Economic Growth or Quality of Life – measuring the progress of a nation.”