rent seeking

Andrews Government sells Land Titles Office for a $32m p.a. loss

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The Andrews government have privatised the Land Titles Registry this week on a 40 year lease for sum of $2.86bn. The Government claim that this exercise is to “fund new schools, hospital and transport infrastructure.” Let us be clear, this sale does not fund a thing. State government assets are not magic money trees that […]

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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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The Verve of Vested Interests

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The Property Council of Australia’s shameless threat to both sides of politics to look the other way on negative gearing reform is a slap in the face to the democratic process. Is this the stick accompanying the $2.4m in carrots donated to both sides of politics? For the PCA to issue this threat in the […]

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Land rents with Thai rice

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by Phillip Anderson, Editor of Cycles, Trends and Forecasts Events around the world don’t happen in a vacuum. They have causes. They’re usually linked back to rent and the corruption and self serving nature of government. Indeed, the biggest problem around the world is now government. Or rather, the people it produces who govern us. […]

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Funding for research into economic rents vital

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Last night saw the launch of the Prosper Australia Research Institute. A vibrant crowd attended our LSX headquarters to hear the detail behind Prosper’s new deductible gift recipient entity. This was an important historical event with a sense of timing.  77 years earlier (to the day) the trust deed of the Henry George Foundation of Australia […]

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MIA: Intergenerational Agenda

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Cross posted from the Rational Radical, Matt Ellis There is no agenda for Australian youth MATT ELLIS   Intergenerational theft There has been much talk in the last few weeks and months about intergenerational fairness, in part because of the release of the government’s Intergenerational Report, which predictably details what young Australians already know: we have been shafted over the last two […]

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Should Resource Rents Count as National Savings?

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photo credit: Torley David Smiley All countries save about 25 percent of what they produce, their Gross Domestic Product or GDP, for investment as capital in future production. In national accounts these “savings” include environmental damage and natural resource depletion incurred in the process of production. This does not seem a very good measure of […]

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