There are three pertinent pieces in today’s media covering the economy-crippling policies that our political elites are pursuing by attacking property rights and promoting their own favoured economic and political outcomes.
First we have Barnaby Joyce with a wonderful op ed which is worth quoting at length
I listened to Professor Hugh Possingham talking on the ABC radio last week about the benefit of more restrictive tree-clearing laws that it is claimed will save endangered species, and reduce global warming. A noble cause; but paid for by divesting private individuals of their property rights without payment and making some land useless and unsaleable by reason of new government caveat.
Heading further south, Victoria’s Hazelwood Power Station is closing and apparently a new water feature will be built to fill the hole where the coal came from. This feature will presumably assist in mollifying the increase in power prices from losing 22 per cent of Victoria’s power supply.
In South Australia the attraction of industry is impeded by a power grid over-reliant on a naive zealot-like approach to a heroic renewable power target.
In Queensland the government is trying to sidestep building dams in the regions because it will not be accepted by an inner-urban Green constituency.
Daniel Andrews (is) talking about how he “acknowledges the burden on families” by people losing their jobs at Hazelwood. He sounds pathetic as he talks about building new hospitals that require people to be gainfully employed to live there to use it, and he is apparently creating a new “hub”— for what Daniel? Unemployed angry people?
Service industries need industry to service.
Dams create new agricultural wealth with waiting markets in a hungry world. Cheap power creates manufacturing.
Social infrastructure, however, such as hospitals, is a legacy of a strong and vibrant economy in meaningful production, not the creator of it. Social policy is the colour of the icing, not the cake.
We better hope for a real epiphany in the way we do business — or get ready to be smacked between the eyes by an economic stick called reality.
All too true but Barnaby himself, rather than promoting such issues, has of late been sidetracked into railing against the so-called supermarket monopolies and assuaging his Alan Jones prejudice-fuelled attacks on coal seam gas.
Then we have a piece in the AFR, regarding the Hazelwood closure. This is largely based on an interview with Josh Frydenberg, who blamed the Labor government for putting pressure on Engie to shut the plant to encourage the exit of coal-fired power stations, adding, “The closure of Hazelwood has long been Labor’s policy”.
Frydenberg may be one of the nation’s better politicians but he neither mentioned nor was prompted by the journalist to explain that the policy is actually close to consensus. The closure of Hazelwood, like that of the two South Australian coal power stations, is due to the subsidies consumers are forced to give to wind generators, subsidies that are largely provided by federal government policy and deliver wind a price three times that of commercial generators. Subsidies to renewables started small under John Howard and have been expanded considerably; the current Coalition Government has maintained them and they are central to the climate policy that it took to the Paris greenhouse conference in December of last year.
Finally we have an article by Graham Lloyd in The Australian which is a preview of the policy conclusions that Senator Roberts is announcing following a very detailed briefing from CSIRO. One Nation’s view is that Australia’s climate change response is a waste of money. Senator Roberts says, “CSIRO’s approach has serious deficiencies. Policy failures at global, national, state and regional levels based on failed and ridiculous forecasts are costing lives, costing taxpayers billions of dollars, exporting jobs and destroying energy security and reliability,”
In a statement with which few of us would disagree, he added,
“The ultimate goal of Pauline Hanson’s One Nation party is to dismantle Australia’s obsession with green guilt and assist in restoring our country’s former agricultural, manufacturing and economic base.’’
One of the international experts Malcolm Roberts has brought out to Australia to support his views is Canadian Professor Tim Ball. Professor Ball is to address the Australian Environment Foundation’s inaugural Robert Carter Commemorative Lecture in Melbourne on Wednesday, 9 November at CQ Functions, 113 Queen Street, Melbourne. 5 30 for 6:00 pm concluding at 7:30 pm. (The entry fee to the event is $25 and is payable at the door).