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The simple, but not simplistic, economics of value creation and destruction

May 22, 2013 - 09:31 -- Admin
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[The following is a short essay I've written, as part of ongoing investigations into the prospects of expenditure reductions by Australian governments. I welcome comments and feedback on the essay, and suggestions you bring forward, by way of examples of government spending which reduces economic value creation outright or inhibits the ability of the private sector to create value.]

 

Abbott’s Plan To Sell Off The ABC

May 22, 2013 - 09:21 -- Editor
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Of 10971 votes cast thus far, 1755 are in favour of privatising the ABC and SBS and 9217 against, in a poll in the Age and the smh.

The enormity of this proportion would argue the Liberals have lost at least some votes overnight, perhaps as many as 1 or 2 percent of the Australian electorate they won’t get back. Many of them would have been ethnic Australians afraid of losing their foreign language news services and foreign language movies.