Bryan Kavanagh

“Poverty is the mother of crime”

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What did Marcus Aurelius mean when he said “Poverty is the mother of crime”? Surely he wasn’t trying to justify crime?  The vast majority of poor people keep on ‘the straight and narrow’ without turning to crime? No, he wasn’t justifying crime; he was simply being realistic. When they see affluence all around them, some of […]

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Real estate is no market

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Well, it certainly looked like a market today: all those people assembled at the auction, wanting to see what that four bedroom, two bathroom brick veneer house with a double garage was worth. Near new; attractive and efficient layout; sitting nicely on a well presented site. Must’ve been at least fifty people attending, with Chinese […]

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Why economies are failing

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The Real Excess Burden: an overarching approach By Bryan Kavanagh Disclosures I’m not a fan of economists who are able to equate the rent flowing from land with the returns to manufactured capital without experiencing a frisson of self-reproach. That income from land should be distinguished from that of capital because it has not been […]

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Time to fix economic blight

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Do you see the cat? Read on. THE PROGRESSIVE ERA Americans apparently consider the Progressive Era (1890s to 1920s) belongs to them. The period was driven by the reformist ideas of Henry George as taken up by public officials across the US political spectrum; amongst others, these included Hazen Pingree, Tom L Johnson, Brand Whitlock […]

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125th Henry George Commemoration Dinner

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A full house turned up to hear Prosper Australia president, Catherine Cashmore, deliver her address, entitled “The Culture of Abundance” at the 125th Henry George Commemoration Dinner in Melbourne on Thursday night. One of the best speeches for years, a good mixture of Georgists and non-Georgists heard Cashmore explain how much of Australia’s abundance flows pathologically into […]

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Addressing privilege

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As a research associate of the Land Values Research Group, land values speak to me about many things. They reflect relative advantage. You know, Ricardo’s Law of Rent, otherwise known as location, location, location and all that? A great part of land values are situated within our capital cities, and it is in our capital […]

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A world gone mad

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We were all meant to be wealthy by now – new technologies having assisted the means of production and service delivery. Instead, what we’ve inherited is a world gone mad, and in debt. Where did all the wealth go? Look around you. Obviously, it’s gone mainly to those at the very top. No, not just […]

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Brumby calls for change

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Former federal and state politician John Brumby had a piece in THE AGE last Tuesday “Australia needs to start making its own luck” warning of ‘dog days’ and Australia heading down ‘the Greek road’. Although Brumby clearly followed the neo-liberal economic textbook, both sides of politics should be prepared to openly address our precarious economic situation – because Australia […]

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Speculation defeating productivity

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Forthcoming elections have divided the USA, the UK and Australia over much the same issue: the big end of town versus people expressing concern at their isolation from the political process. The sins of Wall Street in capturing unearned incomes via inflated mortgages and mortgage-backed securities–and responsible for the global financial crisis–remain unaddressed everywhere. The […]

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Challenging the banks

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The Bernie Sanders-Hillary Clinton contest in the debates for Democratic Party presidential nominee is paring back to whether Main Street should challenge the Big End of Town. Sanders has questioned Clinton’s judgment at least, in accepting $225,000 to speak approvingly to Goldman Sachs’ directors. Her responses on the question to Sanders have been unconvincing. Behind […]

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