Books, movies, discs 2011 onwards: Just World Campaign
– Social Justice, Economic Democracy


• CZECH, Brian; 2013;    SUPPLY SHOCK:    Economic Growth at the Crossroads and the Steady State Solution 

 
   Book Reviews
   Supply Shock: Brian CZECH Brian Czech is the founder of CASSE, the Centre for the Advancement of the Steady State Economy, an organisation that has spread world­wide with Dr Geoff Mosley, former Executive Director of the ACF, the Australian anchor and others such as SPA [Sustainable Population Australia] member, Richard Sanders being actively involved in Queensland and Ian Macindoe in Sydney.  SPA linked itself to CASSE several years ago recognising, as we always have, that both population and environmental demand must be stabilised at an environmentally sustainable level if humanity and Nature are to survive.  [* * *]
   … there is much in this book which SPA readers will find valuable. How is it that economics has come to believe that resources are infinite?
   Czech takes us through classical economics which accepted that the inputs to production were land (natural resources), capital and labour to the point late in the 19th century when Henry George (Progress and Poverty, 1879) exerted considerable influence on political economy. George recognised rent on land as unearned income. As the supply of land was limited, population growth made land more valuable causing rents to rise, thus raising the unearned income of the land owning class to the detriment of the labourer. George suggested a 100% tax on unearned income.
   Czech points out that 'George once had far more world­wide support than Marx. ….  Philosophers, the likes of [author and reformer] Leo Tolstoy, prime ministers including David Lloyd George [of Britain] and revolutionaries like Alexander Kerensky [of Russia] were among the champions of "Georgist" political economy.'
   Henry George and his following thus threatened very powerful interests: the land-owning class whose income from rents rose steadily as populations increased. Czech shows how this vested interest class set the foundation for the economic growth-oriented system we find ourselves in today.
   Land (resources) were removed from the classical production trio so that only labour and capital were required and taxes on these two, especially labour should be the basis of government revenue. Thus we find today many economists and not a few politicians claiming that 'throw enough money and labour at a resource constraint and the constraint will disappear'. Resources are infinite and endlessly substitutable.
   Czech quotes Mason Gaffney, economics professor at University of California, Riverside, co-author of a book Corruption of Economics, 1994, who says 'To stop Henry George the fortune hunters hired professors to corrupt economics and halt democratic dialogue. The use of that corrupted economics continues to this day'. And 'Few people realise to what degree the founders of neoclassical economics changed the discipline for the express purpose of deflecting George and frustrating future students seeking to follow his arguments'.
   Czech goes on to quote Gaffney at length spelling out in detail who the powerful were and who they appointed to key positions in departments of economics as well as some of the content of debates between George and these newly appointed professors. Among the economists named are some of the most revered names in the present text books of neoclassical economics.
   The lengths to which Czech goes to explain the history of the present, almost unquestioned, growth economic paradigm is the crux of my complaint about this book. It's terrific for those of us already committed to questioning growth to have this explanation. It adds a further layer of justification for our rejection of growth economics even though growth economics falls over by direct comparison with the real biophysical world. But it seems to me that a reader not already on this wavelength is very likely to get bogged down in this detail and not continue reading.
   The essential message from this considerable portion of the book is simple. Growth economics was founded in corruption. Corruption maintains it today. What we need to transition from growth to steady state is how best we can overcome this corruption. In the final chapter I did not find suggestions as to how this endemic corruption may be tackled.
   Daly says in his foreword, 'We live in a full world – and full world economics requires that empty-world economic growth policies be radically changed'.  This volume will give you a good idea of how we have come to be so dominated by the growth paradigm and convince you (yet again if that is necessary) that we need to change and change quickly.  But we need a lot more about the transitional steps to shift us from growth to the steady state. #
   – Sustainable Population Australia Newsletter, Editor: Jenny Goldie, 256 Baroona Rd, Michelago, NSW, 2620, Australia; review author: John Coulter; pp 8-9, Issue No. 111, August 2013
   DETAILS: Publisher: New Society Publishers, Categories: Population, Natural Resources, Immigration, Family Planning, Overseas Aid.  
http://www.johnm.multiline.com.au/books2011-.htm#supply-shock-economic
   [RECAPITULATION:  How is it that economics has come to believe that resources are infinite? . . .
   Czech quotes Mason Gaffney, economics professor at University of California, Riverside, co-author of a book Corruption of Economics, 1994 who says 'To stop Henry George the fortune hunters hired professors to corrupt economics and halt democratic dialogue.  The use of that corrupted economics continues to this day'.   ENDS.]
   [COMMENT:  And it is not just most of the current university economists who act as if resources are infinite.  The social justice and money reformer Clifford H. Douglas (flourished 1920s to 1950s) also believed that for all practical purposes the energy sources on planet earth could be thought of as infinite.  Oh dear!   COMMENT ENDS.]
   [LINKS:  Editor: Jenny Goldie, ( editor § population org au )
   SPA National Office, PO Box 3851, Weston Creek, A.C.T., 2611, Australia, ( info § population org au ). 
   Book review by John Coulter.  [2013]

• CATER, Nick; 2013;    The Lucky Culture    and the Rise of an Australian Ruling Class  

  ISBN 978 0 7322 9629 2 (pbk)   
   The Lucky Culture; Nick CATER On Target, weekly, GPO Box 1052, Melbourne, Vic, 3001, Australia, Vol. 49, No. 28; Telephone 03 9650 9749, Facsimile 03 9650 9368, Subscription about $50 a year; Review entitled "THE UNLUCKY COUNTRY: THE MARCH OF THE NEW CLASS ELITES," by Brian Simpson, July 19, 2013, p 5
   Nick Cater's "The Lucky Culture and the Rise of an Australian Ruling Class", (Harper Collins, 2013), has some useful material, but it is a very limited book, and in my opinion greatly inferior to Katherine Bett's book ("Ideology and Immigration") which is not mentioned by Cater.
   You see Cater, a senior editor at The Australian, basically is critical of all those things The Australian hates and criticizes, but does not carry forward its critique to impact upon immigration, multiculturalism and Asianisation.
   In fact, multiculturalism is mentioned on page 250, immigration on pages 105, 142-143,159, 251 and 252 and surprisingly "Asia" and "Asianisation" don't even occur in the index.
   Cater, though, is critical of the "new global intellectual hegemony" and the "self-appointed ruling class of sophisticates" (p.9) and he delivers a good critique of Australia's new class elites, a political class of university educated, latte-sipping inner city elites.
   This "self-appointed elite", especially the Greens, is destroying the nation.  He attacks their political correctness and creations such as the human rights industry. Good for him.
   However the very same arguments that Cater employs against the elites in, say, the human rights industry, also apply mutatis mutandis (i.e. with the necessary changes made) to the immigration, multiculturalism and Asianisation new class - of which The Australian is a part. Hence the book is ultimately inconsistent.
   Oh, by the way, a better title, and one more accurate would be "The Unlucky Country".   We are anything but lucky. # (Book review ends)
http://www.johnm.multiline.com.au/books.htm#the-lucky-culture
   [DETAIL: ISBN 978 0 7322 9629 2 (pbk), or 978 1 7430 9813 4 (ebook) 
   MORE READING For a different slant on the "ruling class," see if you can get the 1976 book The Ruling Class and You: A heretical book of antipropaganda, by Jan Freiman Riha, published by Louis Miller, of Perth, Western Australia.  One feature of his book was to outline the profligate spending, which he called The Great Scheme of Waste.   He wanted an ecologically sustainable living environment. ENDS.] 
   [INFORMATION:  There have been several book launches of this book, including one in Perth under the auspices of the Council for the National Interest, at Crawley, on July 23, 2013.   ENDS.]  [To webpage Aug 4, 2013; published 2013]

• SMITH, Dick; 2012;    Dick Smith's magazine of     Forbidden Ideas    that you won't read about in the mainstream media  

  [magazine] 
Forbidden Ideas magazine; Dick SMITH Forbidden Idea No. 2 (page 7)
A FAIR BALANCE

   Extraordinary wealth shipped out of Australia
T here was a time when Australia grew and produced most of its food.  It was a nostalgic time, before the sell-off of our prime farm land and iconic Aussie brands.
   At Dick Smith Foods we are fighting for a fair balance of Australian and foreign ownership.
   With over 80% of the products in a typical supermarket trolley either imported or coming from foreign-owned companies, the amount of wealth being shipped out of Australia each year is truly extraordinary.
   Sure, right now we have tremendous quantities of minerals and coal to sell, so life is okay for many of us. However, minerals and coal are finite and will run out one day.
   That's why it's in our own interest to support Aussie-owned and Aussie-grown products and stop selling our food businesses to foreign-owned companies.  At Dick Smith Foods we call this, "supporting the home team".  It means that profits and wealth stay in Australia - that's just common sense.
   For short-term political and economic gain, our Governments have encouraged the sell-off of most of our valuable companies.  Now everything from Arnott's Biscuits to Vegemite is in foreign hands.  Surely this goes against the longer-term interests of wealth creation in our country.
   Those Americans are Smart!
   When Rupert Murdoch wanted to expand his media empire in the United States to make more money, the American Government said, 'no way – that's against our national interest.  We're patriotic and only allow Americans to control influential companies'.  Mr Murdoch quickly dumped Australia and became an American.
   In the meantime, the Murdoch press attacks Dick Smith Foods for daring to link Australian ownership with patriotism.
   NOW IN FOREIGN HANDS Arnott's Biscuits - USA;  Vegemite - USA;   Golden Circle - USA;   Masterfoods - USA;   Edgell - USA;   Dairy Farmers - Japan;   Cottee's Foods - UK;   Tip Top Bread - UK;   Bushells Tea - UK;   Smith's Crisps - USA;   Sunbeam - China;   Berri - Japan;   Safcol - Malaysia;   Fosters - UK;   Aeroplane Jelly - USA.
   ____________________
Forbidden Idea No. 3 (Page 9)
GETTING SMARTER, NOT BIGGER

   Never-ending growth is impossible
S ince World War II, our economic system has relied on perpetual growth, that is, our capacity to produce more and more goods and services.  Its success depends on an ever-growing population that consumes increasing amounts of energy and resources.
   It's common sense that perpetual growth in a finite world is impossible.  I've benefited from growth more than most, but even so, this doesn't make me believe that it can go on forever.  I can see that as we approach the limits of growth, social and environmental problems will increase.
   Yet the mainstream media constantly tells us that we have only two choices – growth or recession.  Surely there must be an alternative?
   I personally believe it's possible to run our economic system without constant growth in the use of resources and energy.  It's a case of getting smarter, not bigger.  We need a plan to develop a viable system based on improving quality of life by growth in efficiencies, satisfaction and happiness, rather than population and consumption.
   Sadly, our media corporations have become part of the problem, rather than presenting a forum for solutions.  Most have a "grow profit at all costs" agenda that prevents journalists from communicating that our economic system can't grow forever.
  “The time has surely arrived when mankind must accept that perpetual growth as a model for the global future is simply unsustainable and that we must adopt a new creed if our descendants, fifty years hence, are to have a world fit to live in.”  
  – Peter Austin, The Land Newspaper, 24/May/12  
   When was the last time you read an editorial encouraging our political leaders to develop a sustainable economic plan, one that doesn't rely on an increasing use of resources and energy?
   Without such planning, the problems for typical Aussies could become even worse, as big business desperately claws for every last bit of profit.
   I believe our economy is moving into a phase that I call, "extreme capitalism".  The only way big business can grow profits is by taking over competitors or ruthlessly beating down a supplier's prices, either sacking workers to reduce costs or shifting operations overseas for cheaper labour.  In fact, it's already happening.
   Surely this is not the Australia we want, especially when, with proper leadership and planning, we can move to a stabilised system in which wealth is more equitably shared.
   Sooner or later we will need to find an alternative to constant growth. Now is the time to prepare for it.
   ____________________
Forbidden Idea No. 8 (page 17)
FREE-RANGE KIDS

   – are better off than battery kids!
  “.. we'll need blocks of flats 60-storeys high similar to those in the big cities of China and India.”  
   At 7 years of age, I had enough room in our backyard for my lizard collection – I was a "free-range" kid.
W hen I was young, I was definitely a "free-range" kid.  My Dad was a salesman, my Mum a homemaker, and they were able to afford a house with a backyard in Sydney's northern suburbs.  They paid off our home over about 30 years.
   Nowadays I'm told that the population of Sydney, my home town, must go from 4 million to 7 million people to keep our economic system growing.  We'll have to forget individual houses. In fact, to house such a staggeringly huge population we'll need blocks of flats 60-storeys high – similar to those in the big cities of China and India.  In effect, our kids who live in backyards (I call them "free-range" kids) will become "battery" kids who live like termites.
   But hold on a minute!  The human race descended from small groups on the African plains, not from termites!
   If we stop our ridiculous addiction to population growth, houses will have reasonable prices and young couples will once again be able to afford a house with a backyard to raise free-range kids.  After all, I'm told that we spend over $50 million a year buying free-range eggs.  We're happy to pay, knowing the chooks aren't caged up like battery hens – but what about our own children?  Isn't their health and accommodation just as important?
  Are they joking? 
 “ … applying the GST to food, health and education, increasing the participation of women in the workplace, and extending the retirement age to 70 have been identified as three key measures to keep the economy growing”  
  From a recent report by the Melbourne-based Grattan Institute on how Government can maintain economic growth.  
   – Distributed in major newspapers around Australia on August 29, 2012
   DETAILS: Publisher: Dick Smith Foods <http://­www.­dicksmithfoods.com.au>, (© 2012), 3 / 2 Niangala Close, Belrose, NSW, 2085, Australia .  28 pages, soft covers, 21 x 27·3 x 0·1 centimetres (8 1/4 x 10 3/4 inches).  Distributed free with newspapers around Wednesday, August 29, 2012.
http://www.johnm.multiline.com.au/books.htm#forbidden-ideas-that
[Aug 29, 2012]
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• McGRATH, Amy; 2012;    WOLVES IN SHEEP’S CLOTHING:    Secret War on the West  

 
   Wolves in sheep's clothing; Amy McGRATH, 2012 The story of a creeping Fabian communist revolution for the past 50 years in Australia now part of a network of ICLEI - a secret world-wide interference from Bonn, Germany managed through local councils and non-government organisations from its headquarter in 200 Collins St., Melbourne and the Open Society Foundation of George Soros managed from a base in Katoomba N.S.W.
   The book launch at the NSW Parliament theatrette on August 14, 2012, was by renowned journalist Piers Akerman.
   It was an H.S.Chapman Society event; the host was Andrew Fraser, Deputy Speaker (National Party MP for Coff's Harbour)
   The pre-launch publicity sheet said the book exposed the Communist Road to One World Government.
   A United Nations initiative, Agenda 21 - Rio de Janeiro + 20, 1992 - 2012, had founded an International Council of Local Environmental Initiatives (ICLEI), which bypassed national governments to fund state and local government organisations.
   The leaders had been the UN official Maurice Strong and the then Soviet Russian President Mikhail Gorbachev.
   These two leaders, who organised the 1992 Rio Conference, were given approval to do so by a 1987 World Conference, flowing from two earlier socialist-inspired conferences in 1981 and 1983.
   Together they wrote a lengthy Earth Charter for the New World Order of One World Government.
   Gorbachev: "The real goal of the Earth Charter is that it will become like the Ten Commandments."
   Maurice Strong: "Isn't the only hope of the planet that the industrialised civilisation collapses?  Isn't this our responsibility to bring this about?"
   Many countries began to assist them to do so by means of ICLEI, approved in Rio in 1992, made possible due to the devastation of democracies by the KGB's psychological warfare for many years.
   As KGB defector, Yuri Bezmenov, said some years ago: "The United States is in a state of undeclared total war being waged against the basic principles and foundations of its system.  It is a world communist conspiracy.  Americans are in real danger of a communist welfare state, a Big Brother government".
   The Revolt of the State of Alabama, U.S.A. in 2012
   Alabama became the first state in the U.S.A. to prohibit any government involvement with, or participation in, the controversial Agenda 21 of the United Nations.
   They did so because the UN had tried to foist Agenda 21 on them by enlisting a broad array of non-governmental and intergovernmental organizations - most notably a German-based group called ICLEI.
   Alabama Senate Bill (SB) 477 struck an extraordinary blow for freedom, the book publicity states.
   The Senate of Alabama and all political subdivisions may not adopt or implement policy recommendations that deliberately, or inadvertently infringe or restrict private property rights without dur process, as may be required by policy recommendations originating in, or traceable to, Agenda 21 adopted by the United Nations in 1992 at its Conference on Environment and Development or any other international law, or ancillary plan of action, that contravenes the Constitution of the United States or the Constitution of the State of Alabama.
   Since the United Nations has accredited, and enlisted numerous non-governmental organizations to assist in the implementation of its policies relative to Agenda 21 around the world, the State of Alabama and all political subdivisions may not enter into any agreement, expend any sum of money, or receive funds contracting services, or giving financial aid to or from those non-governmental services and inter-governmental organizations as defined in Agenda 21.
   To order WOLVES IN SHEEP'S CLOTHING, a compendium of voices warning the free world over many years, send $10 + $5 postage for each book to the H.S.Chapman Society, PO Box 39, Brighton le Sands, NSW, 2216, Australia.
   The author, Dr Amy McGrath, OAM, PhD, is president of the H.S.Chapman Society.  Tel. 02 9599 7915
http://www.johnm.multiline.com.au/books2011-.htm#wolves-in-sheep-s
[2012]

• CASEY, Michael; 2012;    The Unfair Trade  

  [Book]       

Miners 'wield too much power'

   The West Australian, <http://­www.­thewest.com.au>, by Nick Evans, p 29, Thursday, July 5, 2012
  [Picture] Spreading the word: Michael Casey has launched a book on the causes and implications of the turmoil on global financial markets.    Picture: Lee Griffith  
   Perth mining executives won't be happy to be compared to the Wall Street bankers who helped the world economy to the 2008 melt-down, but it's a likeness Michael Casey is happy to make, albeit with some conditions.
   Back in Perth to launch his latest book, the veteran Wall Street Journal and Dow Jones reporter, who began his career at The West Australian, likens the mining industry campaign against former prime minister Kevin Rudd to the Wall Street operatives who have paralysed decision-making in Washington in the wake of the global financial crisis.
  ‘These powerful institutions have to bear a bigger cross than they are [bearing]. ’  
   Launched last night, The Unfair Trade is a broad-ranging look at the "distorting incentives" that have driven the breakdown of the global financial system.
   From the compulsive saving that slows the growth of the Chinese consumer economy, to the loss of blue-collar jobs in the US, to the Perth property bubble and the Mexican drug war, the book deftly links the forces that have dominated world economic conditions with personal stories of their effects on the lives of ordinary people.
   The book is no left-wing critique. As you'd expect from a Wall Street Journal reporter, Casey is a firm believer in capitalism, but he argues the effects of political lobbying and lackadaisical and poorly thought out government regulation are killing off the middle classes across the globe.
   The influence of dominant industries, distorting the rules for their own benefit and preventing markets from operating properly, underlies this trend.
   Casey said the pernicious influence of the banking lobby in the US was obvious, but Australia faced issues with the dominance of the mining industry.
   "Whatever elite sector happens to be the driver of your economy at a given moment – as financial services is in the US, and mining is here – has an enormous amount of power.
   "It's partly because they own the politicians, and it's partly because they hold this Damocles sword threat over politicians' heads – this idea that mining is the golden goose and if you kill it then how are you going to get out of this mess."
   The campaign against the former Rudd government's resource super profits tax and against carbon pricing, mirrors some of the problems Europe faces in dealing with its teetering banking sector.
   "You've got these financial institutions saying 'Look, you can't let this bank fail because you'll bring down the eurozone. So bail us out, but maintain austerity in place for the Spanish people and the Greeks'," he said.
   "All it does is breed this vicious cycle of resentment and ultimately negative growth.
   "So we have to somehow confront the fact that there's a price to be paid and that these institutions, these overly powerful institutions, have to bear a bigger cross than they are – and if that means some job growth is sacrificed in the interim period then that's the price we have to pay," he said.
   He said leadership at the national and international level was needed – of the type shown by former US president Teddy Roosevelt, who used anti-trust legislation against the biggest names in early 20th century business to support competitive markets.
   "I think Roosevelt was a shining example," he said. "Here he is, a Republican, who saw the damage that was being done by the robber barons – and the robber barons of the late 19th century are like the 'too big to fail' banks of the US now, or the too big to fail mining companies of Australia.
   "And he took them on .. and set the path for the most amazing century of prosperity and wealth creation in history – one that America dominated, partly because of the competitive framework he was able to create.
   "Translate that to the global sphere and we have an opportunity to really reap the benefits of globalisation." #
   [RECAPITULATION:  "It's partly because they own the politicians, …
   "You've got these financial institutions saying 'Look, you can't let this bank fail because you'll bring down the eurozone.  So bail us out, but maintain austerity in place for the Spanish people and the Greeks'," he said.  ENDS.]
   [COMMENT:  Quite so.  The world has also just seen a multinational drug company fined billions for telling lies to American doctors and patients, and one of the biggest British banks chief resign in disgrace, so this book comes at an opportune time.  However, unless politicians and The Establishment realise that banks are only able to create credit because the economic system is not self-liquidating, and that the scarcity value of land and similar assets means they increase in price faster than inflation, the world will continue to have cycles of growth followed by recessions or depressions, and the real credit of the nations will be wasted by unnecessary trade and even more unnecessary wars.  COMMENT ENDS.]
http://www.johnm.multiline.com.au/books2011-.htm#the-unfair-trade
[Newsitem July 5, 2012; Book published 2012]

• KLARE, Michael T.; 2012;    The Race for What’s Left –     the global scramble for the world’s last resources  

 
   Those of us aware of the issue of peak oil have been thrown into confusion by the exploitation of new unconventional sources. If conventional oil production peaked in 2006, will tar sands, deep off-shore oil and gas, Arctic oil, shale gas and other hydrocarbons stave off the imminent decline in oil?
   There are certainly a lot of these unconventional sources, as Michael Klare explains in yet another authoritative book. In an earlier book, Resource Wars, he argued that that future wars will be fought over access to dwindling supplies of natural commodities such as oil, natural gas, minerals, and water. This book is really a corollary of that one.
   There might be a lot of unconventional oil reserves – 50 billion barrels in ultra-deep pre-salt deposits off Brazil for instance – but they come with problems. They are difficult to get at. The Brazilian reservoir Tupi, for instance, 'lies beneath 1.5 miles of water and another 2.5 miles of rock, salt and sand'. (Can't get your head around that? Think of the Grand Canyon and multiply its depth by four.)
   These wells in tropical seas are vulnerable to hurricanes such as Katrina in 2005 that destroyed 47 drilling platforms and then, a month later, Rita that damaged 32 more. The likelihood of major accidents is high.
   And it's not just in the tropics that such accidents may occur. The rush is on for the vast reserves of oil and gas in deep water off Greenland's west and east coasts but here the rigs are vulnerable to ice-bergs. Workers must also contend with extreme cold and frequent storms. Inuit [Eskimo] activists are concerned that a Deepwater Horizon-type spill would severely damage Greenland's fragile coastal zone, including some vital to Inuit culture.
   But even further north in the Arctic Sea, geo-political disputes over the oil and gas reserves between the five Arctic powers – USA, Russia, Norway, Denmark (Greenland) and Canada – are already under way, especially after Russia planted a titanium replica of the Russian flag on the floor of the sea at the North Pole in 2007.
   Most worrying, however, is the exploitation of the Athabasca tar sands in Alberta, Canada, that carries such an immediate and huge environmental cost. Tar sands are basically bitumen that has to be melted and combined with natural gas to make it liquid and transportable. Pine and spruce forests are annihilated for the open cut mines. Pollutants contaminate the north-flowing rivers into the Arctic. With an estimated 170 billion barrels potentially recoverable, however, or nearly six years of total global consumption, there seems no way to stop the Canadians continuing on this rapacious path.
   Oil, of course, is not the only resource that is in demand. Modern industry depends on many exotic elements like rhodium, niobium, lanthanum and samarium. China holds 95 per cent of the total supply of 'rare earths' and, in 2010, blocked such exports to Japan causing panic because many are essential in the production of hybrid cars. The Toyota Prius, for instance, requires two pounds of neodymium and up to 33 pounds of lanthanum.
   The race is now on to find alternate sources. As well as rare earths, there are other 'critical minerals' that are not readily available because either their deposits are scarce or because they are located in problematic locations, such as tantalum in the eastern part of the Democratic Republic of Congo. The profits of mining this particular mineral flow to rebel militias or rogue elements in the DRC army.
   So what has this to do with population? A lot, since our industrial civilisation is so dependent on the ready availability of cheap energy and minerals. Without them, it will be difficult to support the existing world population, let alone another two or more billion.

   But people also need to be fed, and now yet another race is on to acquire land for food production since there is no guarantee there will always be food to buy on the world market. Wealthy Arab desert states are searching in Africa, South America and Russia for land on which their companies can grow food and export it back home. Many locals, in Ethiopia for instance, protest that land is already being utilised – often for pastoralism if not cropping – but their objections are over-ruled by elites wanting to cash in on the deals.
   This book is worrying in its content but a fount of information. Recommended for all who want to put population issues in a wider context. #
   – Newsletter of Sustainable Population Australia, <http://­www.­population.org.au>, "The Race for What's Left …," Book Review by Jennie Goldie, p 7, June 2012
   DETAILS: Metropolitan Books, New York 2012, 307 pp.
http://www.johnm.multiline.com.au/books2011-.htm#the-race-for
[2012]

• Queuepolitely (production), ? 2012;    97% Owned  

  [60-minute Documentary movie]     
   < http://­www.­positivemoney.org.uk/­97percent-owned-documentary>
   When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked - questions like:
  • Where does money come from ?
  • Who creates it ?
  • Who decides how it gets used ?
  • And what does that mean for the millions of ordinary people who suffer when money and finance breaks down ?
       97% Owned is a new documentary that reveals how money is at the root of our current social and economic crisis.  Featuring frank interviews and commentary from economists, campaigners and former bankers, it exposes the privatised, debt-based monetary system that gives banks the power to create money, shape the economy, cause crises and push house prices out of reach.
       Fact-based and clearly explained, in just 60 minutes it shows how the power to create money is the piece of the puzzle that economists were missing when they failed to predict the crisis.
       Produced by Queuepolitely and featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the "HBOS Whistleblower" Paul Moore, Simon Dixon of Bank to the Future and Sargon Nissan and Nick Dearden from the Jubilee Debt Campaign, this is the first documentary to tackle this issue from a UK perspective, and can be watched online now. #
    Where's the proof that banks create money?  < http://­www.­positivemoney.org.uk/­how-banks-create-money/>
       There's no need to take our word for it. The Bank of England's own papers explain that:
    When banks make loans, they create additional {bank} deposits for those that have borrowed the money  Bank of England Quarterly Bulletin 2007 Q3, p377
       And in the Financial Times, Martin Wolf writes:
    The essence of the contemporary monetary system is the creation of money, out of nothing, by private banks' often foolish lending.  Martin Wolf, Financial Times, 9th Nov 2010
    Just how much money are banks creating?
       Are banks being responsible with the power to create money? Not unless you think creating over £567,000,000,000 in 2007 alone is responsible. What's more, the figures on the left only account for lending to individuals. If lending to businesses was included the figures on the left would be far higher.
       As a result of this reckless money creation, the total amount of money (and therefore debt) in the economy has doubled in a little under 8 years – from around £1 trillion in 2001 to over £2 trillion in 2009.
       The other important question to ask is how are banks allocating all this newly created money? Are they providing loans to productive businesses, or are they lending for speculation on financial assets? Shockingly, only 8% of bank lending goes to businesses which contribute to GDP. The vast majority of the rest is used to speculate on house prices and financial assets.
       Help us spread the word:  We got into this mess because very few people understand that banks have taken the power to create money.  Let's make sure it doesn't happen again - help us spread the word far and wide.
    http://www.johnm.multiline.com.au/books2011-.htm#97%-owned
       [RECAPITULATION: Shockingly, only 8% of bank lending goes to businesses which contribute to GDP [Gross Domestic Product].  ENDS.]
       Get the book: Where Does Money Come From? [? 2012]

    • GRIGNON, Paul; ? 2012;    FILM:    Money as Debt III  

      (138-minute animated movie) 
       The good news is that the third film in Paul Grignon's animated Money as Debt trilogy has a proposed solution.  The even better news is that teachers of economics are now ordering this film to show to their students.
       So dire is the mess we're in, and so compliant have been orthodox academic economists in helping to perpetuate a crazy system, new thinking is to be welcomed with open minds.  The new concept of money that Grignon proposes in Money as Debt III may seem pretty radical, but it is grounded in solid stuff.
       With the help of some funky animation, Grignon takes us on a path that we might have taken centuries ago had money evolved differently.
       Instead of a system that gives banks the power to, quite literally, make money by creating perpetual debt, Grignon-is proposing a 'Digital Coin' system that is fairer, safer, sustainable and more closely connected with production, demand and the real economy.
       The Debt as Money (I, II and III) films each come in several parts of varying length and complexity.  There's something for everyone - from the absolute novice to the hardcore economist.  The potential is quietly revolutionary.
       **** VB
       http://­moneyasdebt.net
       – New Internationalist (UK, N. America and Australia).  (Editorial, England: ni § newint org, <subscribe § newint com au>.  Annual Subscription: Individuals AUD$88.80 incl. GST; Student/Unwaged AUD$44.40 incl. GST.; Digital $60.  Institutions AUD$108 incl. GST.  Overseas subscriptions all AUD$99.60; Digital $200.)  Page 13, May 2012.
    http://www.johnm.multiline.com.au/books2011-.htm#money-as-debt-3
    [? 2012]

    • HARDY, Shirley-Anne; 2011;    Stolen Land - Stolen Lives, and the great con trick of DEBT  

      (ISBN 978 - 0 - 9535426 - 1- 1)   
       Stolen Land - Stolen Lives; Shirley-Anne Hardy This is an unusual book, which is really a collection of Shirley-Anne Hardy's and other people's writings during several decades.
       She quotes from writers in Australia and the United States, among others.
       The intention of the book is to show that the people of Scotland are paying rent to landowners, who are the successors of people who stole the land centuries ago.
       In 1965 the British government changed its figures of agricultural productivity from land area to per man unit.  This favoured a further lot of clerances of people from the land, replacing them with big machines, bringing with them the paraphernalia of oil-based production, health-depleting to both soil and humans.  (Ideas taken from Cornish farmer Mary French's book Worm in the wheat. (p 261)
       In the chapter, "The great con trick of debt," Mrs Hardy, quotes the late Bill Pitt of Victoria, Australia, that debt is the other face of land price.
       Gambler rentiers, while dicing with the already phoney capital vaues conjured out of stolen land rentals, then began heavily dealing in risky mortgages, the "sub-prime" mortgages.  Slump then follows with a peculiar vengeance and ferocity. (p 41)  (The author is referring to the "ninja" mortgages in the U.S.A. that led to the Global Financial Crisis of 2008, that is harming the world's economy to this day.  The loans were granted, even by government-owned home-lending agencies, to people who had almost no opportunity or chance to repay them.  Then the debts were sold off as "derivatives," falsely described at having Triple A ratings.)
       She had read assessments that the current land component of the price of a property (land and buildings combined) was 40 to 50 per cent. (p 44)
       After World War I the cost of a workman's house (including land) had been about a year's wages. (p 45)
       The bankers operate a rotten system, creating loans out of nought, upon the legalised trick of "fractional reserve banking." (p 47)
       Reform the banks as you will – we will still live trapped in a society of masters and serfs.  But if we brought the Law of Rent to bear on the real "fat cats" in our midst, we will be rid of both debt and masters at one blow. (p 48)
       DETAILS: Publisher: Peregrine Press,The Rocks, Pitlochry, Perthshire, PH16, Scotland, Great Britain, © 2011.  ISBN 978 - 0 - 9535426 - 1- 1.  Categories: Economics; Scotland - History.  Dewey shelf number 333.01.  346 + xxviii pages, soft covers, approx. 15 x 21 x 2 centimetres (approx. 6 x 8 1/4 x 3/4 inches), contents, no index, preface, footnotes, photograph and other illustrations, acknowledgements.  UK £7·95.
    http://www.johnm.multiline.com.au/books2011-.htm#stolen-land-stolen
       [BOOK BY COURTESY of Georgist Education Association (Inc), 5 / 20 Old Perth Rd, Bassendean, WA, 6054, Australia; Telephone 08 9279 5590, <http://www.gea.org>.   ENDS.] [To webpage 6 Dec 2012; 2011]

    • BOLTON, Kerry; 2011;    Revolution from Above:    Manufacturing ‘Dissent’ in the New World Order  

     
       Revolution from Above; Kerry BOLTON The popular imagination conceives Marxism and capitalism as opposing forces, imagining that – obviously – Marxists want the capitalists' money and capitalists do not want Marxists to take it from them.
       Kerry Bolton's Revolution from Above disproves this notion.
       As it turns out, and as many readers probably already know, the Marxist revolutions in the East succeeded in many places thanks to the ample funds supplied to them – consciously and voluntarily – by finance-capitalists in the West.
       With access to all the money they could wish for and more, the finance-capitalists in Bolton's narrative were, and are, primarily motivated by a desire for power, and their ultimate aim was not even more money per se, but the enduring ability to shape the world to their convenience, which translates into a collectivised planet of producers and consumers.
       Marxism was useful in as much as it was a materialistic ideology that destroyed traditional structures and values and turned citizens into secular, deracinated wage slaves, irrespective of race, gender, age, creed, disability, or sexual orientation.
       Capitalism was useful in as much as it made money the measure of all things and created a consumer culture that ultimately turned citizens into debt slaves, also irrespective of race, gender, and so on.
       In this manner, Marxism and capitalism were seen as complementary, as well as a method of pacifying the citizenry: too busy labouring in the factory or in the cubicle, and too befuddled by daydreams of shopping and entertainment during their free time, the citizens of this global order, fearful of losing their jobs and not being able to buy things or satisfy their creditors, are left with little inclination to, or energy for, rebellion.
       Bolton explains how the finance-capitalist oligarchy is the entity that truly runs our affairs, rather than the national governments. The latter are either financially dependent, or in partnership, with the financiers and the central bankers.
       To illustrate this dependency he documents the United States' government relationship with the Bolsheviks in Russia during the revolution, not to mention the similarity in their goals despite superficial appearances to the contrary and despite alarm or opposition from further down the hierarchy. Bolton shows how genuinely anti-communist efforts were frustrated during the Cold War. And he shows that the close relationship with communist regimes ended when Stalin decided to pursue his own agenda.
       The book then goes on to describe the various mechanisms of plutocratic domination. Bolton documents the involvement of a network of prominent, immensely rich, tax-exempt, so-called 'philanthropic' organisations in funding subversive movements and think tanks. Marxism has already been mentioned, but it seems these foundations were also interested in promoting feminism and the student revolts of 1968.
       Feminism was sold to women as a movement of emancipation. Bolton argues, and documents, that its funders' real aim was to end women's independence (from the bankers) and prevent the unregulated education of children: by turning women into wage-slaves they would become dependent on an entity controlled by the plutocrats, double the tax-base, double the size of the market, and create the need for children's education to be controlled by the government – an entity that is, in turn, controlled by the plutocrats. Betty Friedan, who founded the second wave of feminism with her book The Feminine Mystique, and Gloria Steinem are named as having received avalanches of funding from 'philanthropic' foundations.
       With regards to [read as "regard to"] the university student revolts of 1968, the book highlights the irony of how, without the activists knowing it, they were backed by the same establishment they thought to be opposing. These students were but 'useful idiots' in a covert strategy of subversion and social engineering.
       The subversion does not end there, for the plutocracy has global reach and is as actively engaged in global planning today as it ever was. Revolution from Above inevitably deals with George Soros' involvement in the overthrow of governments or regimes not to his liking.  According to Bolton's account, the reader can take it for granted that any of the velvet or 'colour revolutions' we have seen in recent years have been funded in some way or another by George Soros through his extended network of instruments.
       'Regime-changes' in Yugoslavia, Georgia, Ukraine (orange revolution), Kyrgyszstan (pink revolution), Tunisia (jasmine revolution), Egypt (white revolution), Lybia (red, green, black revolution), and Iran (green revolution) were not the result of spontaneous uprisings. Anti-government parties, think tanks, media, campaigns, demonstrations, and even training courses for political agitation – all and in all cases received vast funding from finance-capitalism overseas, not from local collections of petty sums.
       In other words, many a modern revolution has not come from below, but from above. And in the context of governments being in a dependent relationship to the stratospherical plutocracy, this aggregates into a pincer strategy, with pressure coming secretly from above and from below, with the pressure from below – however spontaneous and 'messy' it may seem when it hits the headlines – being the result of years of careful planning, financing, and preparation by overseas elites.
       The reader must ask himself how it is that whenever we see one of these 'colour revolutions' somehow someone is able, almost overnight, to overwhelm the streets with a tsunami of well designed, professionally printed, and colour-coordinated merchandise: flags, scarves, placards, posters, leaflets, balloons, headbands, t-shirts, face-paint, you name it, it all seems very slick, aesthetically consistent, and fashion-conscious for uprisings that are supposedly spontaneous demonstrations of popular rage.
       Overall Bolton crams in an enormous mass of information within 250 pages. The lists of names and figures – and some of the sums involved are truly staggering – are endless, and the persistent torrent of footnotes considerably expand on parts of the main narrative. The plutocrats' web of influence and deceit is immensely complicated, not only as a structure but also as a process, since it thrives in double meaning, double think, and ambiguity. Those interested in a detailed knowledge of the machinations behind current and recent events, or even twentieth-century political history, would do well to read this book more than once – at least if they have ambitions of explaining it all to an educable third party.
       One aspect of Bolton's narrative that seems quite amazing is the superficially inoffensive tone of some of the enemy quotes provided. Were it not because Bolton's findings flow in the same direction as other books uncovering the machinations of the oligarchs and their partners in Western governments, or because the answer to cui bono is provided unequivocally by the unfolding of current and historical events, it would be easy to think that the statements quoted came from deluded idealists. It may be that some truly believe in the goodness of their cause, yet such selfless altruism is hard to believe given the known absence of ethics among our current elite of super-financiers – the banking system they engineered, not to mention many of the opaque financial instruments we have come to known through the still unfolding financial crisis in the West, is a deception designed to obscure a practice of legalised theft.
       The lessons are clear: firstly, modern 'colour revolutions' are not instigated by public desires for more democratic or liberal governance, but by private desires for increased global power and control; secondly, subversive movements can be given a name and a face – a name and a face averse that hides behind generic institutional names and orchestrates world events at the end of a complex money trail; and thirdly, the those seeking fundamental change should first become proficient capitalists or learn how to gain access to them.
       These are all obvious, of course, but Revolution from Above is less about teaching those lessons than about documenting how the world is run, by whom, and for what purpose. In other words, this is material with which to back up assertions likely to be challenged by, or in front of, the unaware. Sober and factual in tone, it is also good gift material for those who may benefit from a bit of education.
       – Alternative Right, http://­www.­alternativeright.com/­main/bl­ogs/zei­tgeist/­revol­ution-from-above/.
       [AUTHOR: K. R. Bolton holds doctorates in Historical Theology and Theology; Ph.D. (Hist. Th.), Th.D. as well as in other areas. He is a contributing writer for The Foreign Policy Journal, and a Fellow of the Academy of Social and Political Research in Greece. His papers and articles have been published by both scholarly and popular media, including the International Journal of Social Economics; Journal of Social, Political, and Economic Studies; Geopolitika; World Affairs; India Quarterly; and The Initiate: Journal of Traditional Studies. His work has been translated into Russian, Vietnamese, Italian, Czech, Latvian, Farsi and French. – <http://­www.­arktos.com/­revolu­tion-from-above.html>.  ENDS.]
       DETAILS: Publisher: Arktos Media, <http://­www.­arktos.com>, 2011, London.  I.S.B.N. 9781907166501; 250 pages.
       [ANOTHER REVIEW:  Foreign Policy Journal, <http://­www.­foreign­policy­journal.com/­2012/03/10/­review-revolution-from-above-manufacturing-dissent-in-the-new-world-order/>, March 10, 2012 ENDS.]
       [ACKNOWLEDGEMENT:  New Dawn Magazine <http://­www.­newdawnmagazine.com/>, September-October 2012, page 63.  ENDS.]
    http://www.johnm.multiline.com.au/books2011-.htm#revolution-from-above
    [To this webpage 07 Sep 2012; book 2011]

    • FITZGERALD, Karl, and EMMANUEL, Gavin, Co-Directors; August 10, 2011;    Real Estate 4 RAN$OM:    Why does land cost the earth?  

      [Real Estate for Ransom.  40-minute DOCUMENTARY MOVIE]
       "Real Estate 4 Ransom Precis," Earthsharing (Melbourne, Vic., Australia), <http://­www.­earthsharing.org.au/­2012/02/27/­real-estate-4-ransom-precis>, precis by Karl Fitzgerald, of Prosper Australia, Melbourne, <http://­www.­prosper.org.au>, to Prosper webpage Feb 27 2012, had been prepared for Feb 15, 2012.
       This article was written for the Sustainable Living Festival [of Feb 15, 2012] and can be downloaded
       Real estate 4 RAN$OM; Karl FITZGERALD and Gavin EMMANUEL (co-directors) The global economy crashed under the weight of excessive debt – debt caused by the giant ponzi scheme known as the real estate game. Drilling down, we see that it is high land prices that caused the debt drain.
       Greece had a property bubble of some 220% over a decade. Spain 201% and Ireland a staggering 400%. Australia’s mortgage debt / GDP was 18% higher than America’s at its peak.
       Dare we ask – who are rising property prices good for? This game of life is becoming incredibly risky on economic, environmental and social grounds.
       Within this game are incentives to buy and sell prime pieces of land for purely profiteering reasons. In a typical market, higher investment leads to more of a certain product being produced. But the fact that the earth, the land is fixed in size, escapes policy makers (Flat Earth economics!)
       The result is higher land prices. The IMF’s Asset bubbles and the cost of economic fluctuations (2009) is one of many papers by major institutions identifying why asset bubbles are damaging.
       From the home of democracy to the death of economic sovereignty, Greek officials are struggling to keep their government afloat. Much of this has to do with the central premise of the film. We are taxing the wrong things and this is causing more problems than it solves.
       Warren Buffett [A U.S. multi-millionaire] famously complained that he pays a lower effective tax rate than his secretary because of his ability to stream his earnings towards capital gains (taxed at 15% in the USA) rather than the top 35% income tax bracket.
       Here in Australia, we are taxed at the highest rate if we work a second job, but subsidised if we invest in a second property (via negative gearing). Even though economists have long understood the dangers of speculating in real estate, more and more of the tax game is sliding toward the investment in scarce resources – where monopoly powers can be enforced.
       Not satisfied with negative gearing or the 50% discount on capital gains tax, lobbyists have worked hard over successive administrations to allow Self Managed Super Funds to invest in real estate – paying a zero capital gains tax.
       Whilst Project Wickenby has had some modest success in scaling back the use of tax havens, the use of tax minimisation as a strategy is still commonplace amongst those lucky enough to afford an accountant who can keep up with the mileau of tax loopholes opened and closed each year.
       If economic justice is to be achieved, we need to occupy the tax code to re-direct our economic activities back towards entrepreneurial practices rather than risky speculative bursts.
       The trillions in bailout money has been siphoned away from investing in genuine employment creating industries and into speculating in scarce commodities. We have seen record prices in barely, wheat, and corn. The result? Riots in Africa and the Middle East, leading to the Arab Spring.
       Thankfully more and more are realising that without economic rights, civil rights mean little. The appointment of Washington consensus cronies in Greece, Egypt & Spain give little hope for the future. We need economists in power who understand the forces of monopoly.
       Adam Smith and the Classical economists wrote on the importance of balancing the natural advantages in owning prime land with those who were running a bakery in a sprawling suburb. Land values were the marker of advantage. Those living in Toorak should pay more than Warragul. [More   – > >]
    http://www.johnm.multiline.com.au/books2011-.htm#real-estate-for

       The difference between city and rural is even more extreme. We all pay the same income and GST tax rates. However, the capital gains in a city suburb like Toorak can in just a few years of a boom be enough to cancel out a lifetime of taxes paid. However, we are taught to look the other way.
       It is far sexier to blame the banks. Seventy percent of bank assets are mortgages. The land component for a typical mortgage accounts for some 70%. For older houses like my 1960s home in Braybrook, land values are 93% of the total value according to council valuations.
       The key issue is that land is a scarce commodity. Our tax system encourages speculators to invest in the pursuit of lowly taxed capital gains. The growth in land prices has been extraordinary, with land prices increasing 126% (1995 – 2010, inflation adjusted).
       Such capital gains have been greater than possible rents earned. In 2009 for example, the average rent was $17,000, but the capital growth was over $30,000 in Melbourne. For many of the 1% who have landholdings in the 100s if not 1000s of properties, it actually works to their advantage to keep some of their holdings vacant – in effect holding Real Estate 4 Ransom.
       Such speculative vacancies enforce scarcity, pushing prices up. These vacancies aren’t recorded in the widely quoted REIV vacancy numbers. Their figure looks at total rental properties on the market to rent as a percentage of all rental properties on REIV member’s books. This does not include speculative land banks or apartments bought off the plan and held for speculative profit.
       We are told there is nowhere to live but there is plenty of room to speculate.
       Earthsharing Australia has been surveying the wider property market via our innovative utilities based measure, looking at water consumption of under 50L per day over six consecutive months as a proxy for vacant property. In surveying just 64% of Melbourne’s residential property, we found 46,220 speculative vacancies in 2010.
       Such spin existed around the world in the buildup of the global land bubble, where the property lobby used their well funded machinations in places like Ireland to entrench the belief that there was nowhere to live. Builders built to satisfy the ponzi game, not the reality of housing for humans.
       With climate change to threaten arable land, enhance the values of elevated locations and penalise those living in the sprawl, we need to mandate housing as a secure and equitable outcome for all, not a short term gaming of the system.
       See the film <realestate4ransom.com> #
       OUTSIDE COVER OF DVD:  Real Estate 4 Ransom is a fast-paced documentary about global property speculation and its impact on the economy.  The film investigates the inefficiencies of economic systems and their impact on potential homeowners and small businesses.  Real Estate 4 Ransom considers changing motivations behind property investment and challenges the notion that the Global Financial Crisis was caused by bank lending alone.
       "Although Australia's land rent was three hundred and twenty five billion dollars in 2007, we chose to fine labour and capital two hundred and eighty five billion for daring to work.
       "This allowed eighty eight percent of our land rent to be capitalised into the current bubble, setting us up for an enormous financial collapse." – Bryan Kavanagh, Land Values Research Group <http://lvrg.org.au>.
       <access § realestate4ransom com>, <realestate4ransom.com>,
       Listen to the Renegade Economists <http://­www.­earthsharing.org.au/­renegade-economists>,
       Except where otherwise noted, this work is licensed under <http://­creativecommons.Org/­license­s/by-nc-nd/3.0/>.  ENDS.]
       DETAILS: Produced by FOREGROUND MEDIA and PROSPER AUSTRALIA.  DVD AUD $15 plus postage from Prosper Australia, 1 / 27 Hardware Lane, Melbourne, Vic., 3000, Australia.  In Western Australia, one may order from Georgist Education Association Inc. ENDS.]
    http://www.johnm.multiline.com.au/books2011-.htm#real-estate-for
       [RECAPITULATION: Warren Buffett [A U.S. multi-millionaire] famously complained that he pays a lower effective tax rate than his secretary because of his ability to stream his earnings towards capital gains (taxed at 15% in the USA) rather than the top 35% income tax bracket.
       Here in Australia, we are taxed at the highest rate if we work a second job, but subsidised if we invest in a second property (via negative gearing).  Even though economists have long understood the dangers of speculating in real estate, more and more of the tax game is sliding toward the investment in scarce resources – where monopoly powers can be enforced.  ENDS.] [To this webpage Apr 15, 2012.  Movie launched Aug 10, 2011]

    • SACHS, Jeffrey D.; 2011;    The Price of Civilization:    Reawakening American Virtue and Prosperity  

       
       The Price of Civilization; Jeffrey D. SACHS Newsletter of Sustainable Population Australia Inc. <http://­www.­population.org.au>, Book Review by Bob Douglas, Issue No. 104, page 6, June 2012
       DETAILS: Random House, 2011
       Jeffrey Sachs, a Harvard trained economist is best known for his work on the challenges of economic development, and ecological sustainability, poverty alleviation, debt cancellation and globalisation. Currently based at Columbia University, he is special advisor to the United Nations Secretary General on its Millennium Development Goals.
       Sachs sets out in this book to apply his own special brand of "clinical economics" to an understanding of the decline of the United States in recent years, and to encourage readers in all parts of the world to examine their own national economies in the reflected light of the recent American experience.
       Sachs believes that his country will not be able to recover its past glory as the supreme superpower of the world and that it is now in desperate need of radical reform because of a crisis of values in its population. His prescription for reform is what he calls "the mindful society" - a society that promotes the personal virtues of self-awareness and moderation and the civic duties of compassion for others and the ability to co-operate across the divides of class, religion and geography. He says that compassion, cooperation and altruism are essential for human well-being and that a desirable new mindfulness will require a change in the way we think about ourselves, our work, science and knowledge, other people, nature, the future, politics and the world as a whole.
       The author draws on the work of his own teacher, Paul Samuelson, pointing out that markets are reasonably efficient institutions for allocating scarce resources and that they contribute to higher productivity and average living standards. But he warns that their economic efficiency does not guarantee fairness in the allocation of incomes. This means that governments are needed to redistribute income from the richest to the poorest.
       Markets cannot provide certain public goods such as infrastructure, environmental regulation, education and scientific research. Avoiding market instability requires financial regulation and directed monetary and fiscal policies. Economic practice in Scandinavia shows that high tax rates promote, rather than hinder, work and that promoting fairness also promotes efficiency. A high tax take means funding is available for public goods such as education and infrastructure. These basic principles have been lost or seriously distorted in a process that has been underway progressively in the United States since the 1970s.
       Sachs has much to say about the corrupt nature of the current American political process, which is driven by a two-year electoral cycle and a first past the post voting system. Politicians are under constant pressure from the industries on which their constituents depend and they meet the high price of being elected, with campaign contributions from those industries.
       He concludes that governments from both sides of politics have failed the economic test for three decades. The American money-drenched political system does not reflect the will of the American people nor their core values. Its two-party system of government has allowed the big lobbies to reign supreme. These lobbies are: the military-industrial complex, the Wall Street financial lobby, the big oil-transport-military complex and the health industry lobby which is dominated by doctors and the insurance industry.
       This book offers important lessons for Australians. We have avoided many of the excesses to which Sachs refers, but have also copied some of the stupidities that he uncovers. For the past 20 years we have uncritically accepted the neoliberal argument that the market could replace government in many of its former roles, and with minimal regulation.
       We have been repeatedly exposed to the false mantra that we are being overtaxed and our corporate lobbies have exercised undue influence on our politicians and their political finances. Like our American colleagues, we are going through a period of deep cynicism about both of our major political parties, neither of which projects a light on the hill or a vision for the future. And like the United States, we meekly accept a defence budget that is quite superfluous to our security needs.
       This is a large book, clearly and crisply written by a brilliant economist who leads the lay reader gently through the complex field of macroeconomics without resort to jargon.
       He sees our greatest hope as the current generation of 18-29 year olds. These young people, he says, have a longer time horizon, are interested in climate science, clean energy and infrastructure. They show greater tolerance to diversity than their elders, are less religious and more open about sexual difference. They are likely to accept a more activist government and be more tuned to environmental needs. #
       [RECAPITULATION:  The American money-drenched political system does not reflect the will of the American people nor their core values. Its two-party system of government has allowed the big lobbies to reign supreme. These lobbies are: the military-industrial complex, the Wall Street financial lobby, the big oil-transport-military complex, and the health industry lobby which is dominated by doctors and the insurance industry.  ENDS.]
       [CONTACT:  Sustainable Population Australia Inc., <http://­www.­population.org.au>, <info ¶ population org au>.  National office, 2C, 18 Napier Close, Deakin, ACT, 2600, Australia, OR WRITE TO P.O. Box 3851, Weston Creek, ACT, 2611, Australia; Telephone 02 6288 6810, Fax 02 6288 7195.
       [FLAGS  are NOT in the printed article; the Webmaster has added them.   ENDS.]
    http://www.johnm.multiline.com.au/books2011-.htm#the-price-of
    [2011]

    • DAS, Satyajit; 2011;    Extreme Money: The Masters of the Universe and the Cult of Risk  

      [Global Financial Crisis, G.F.C.] 
       Extreme Money; Satyajit DAS Bestselling author Satjajit Das draws on over 30 years' personal experience in global finance and reveals the spectacular dangerous money games that have generated increasingly massive bubbles of fake growth and ponzi prosperity – while endangering the jobs, possessions and futures of virtually everyone outside the finance industry. - from News Weekly (Australia), p 21, October 29, 2011.
       The bestselling author of Traders, Guns & Money on how money and finance enslaved the world.
       Once, we built things – useful things. Now, we construct immense financial structures from thin air and lies.  We have crafted a colossal worldwide financial machine that makes a few individuals staggeringly wealthy and sacrifices everyone else at its altar of risk.
       Bestselling author Satyajit Das draws on over thirty years of personal experience at the heart of modern global finance to narrate this story.  Das reveals the spectacular, dangerous money games that have generated increasingly massive bubbles of fake growth, ponzi prosperity, sophistication and wealth – while endangering the jobs, possessions and futures of virtually everyone outside the financial industry.
       You'll learn how everything from home mortgages to climate change has become financialized, as vast fortunes are generated by individuals who build nothing of lasting value.  Das shows how 'extreme money' has become ever more unreal; how 'voodoo banking' continues to generate massive phony profits even now; and how a new generation of 'Masters of the Universe' has come to dominate the world.
       Epic in its scope, EXTREME MONEY reveals how we have all become slaves to our own illusory, unsustainable creation: global finance.
       '…virtually in a category of its own – part history, part book of financial quotations, part cautionary tale, part textbook. It contains some of the clearest charts about risk transfer you will find anywhere.  …Others have laid out the dire consequences of financialisation ('the conversion of everything into monetary form', in Das's phrase), but few have done it with a wider or more entertaining range of references…[Extreme Money] does… reach an important, if worrying, conclusion:  financialisation may be too deep-rooted to be torn out.  As Das puts it – characteristically borrowing a line from a movie, Inception – 'the hardest virus to kill is an idea.'  Andrew Hill 'Eclectic Guide to the Excesses of the Crisis,' Financial Times (17 August 2011)
       '…a powerful book…highly readable and informative…  Anyone who decodes the ratings of the three major agencies so amusingly – CCC means 'Russian roulette with five bullets in the chamber' and D means 'scrape your brains off the wall and place in a plastic bag'- demands to be read.'  Lindsay Tanner, former Australian Minister of Finance, in The Monthly
       'A true insider's devastating analysis of the financial alchemy of the last thirty years and its destructive consequences.'  Nouriel Roubini, Professor of Economics at NYC Stern School of Business, and Chairman of Roubini Global Economics
       Extreme Money was selected as one of Bloomberg's Best Business Books of 2011. - from Penguin Books webpage <http://­www.­penguin.com.au/­product­s/97819­2188013­1/extreme-money-masters-universe-and-cult-risk>
       DETAILS: Paperback: 536 pages; ISBN 978 - 19218 - 801 - 31.  RRP: AUD $32.95
       ORDER FROM: Freedom Publishing Pty Ltd, 35 Whitehorse Rd, Balwyn, Vic, 3103. Tel. 03 9816 0888, Fax 08 9816 0899, <books § newsweekly com au>.  Postage: $5 for first book, $2 for each subsequent book (maximum $11)
       TRADERS, GUNS and MONEY:  For more facts about the author's previous subject, Campaign Against the Arms Trade. (CAAT), <http://­www.­caat.org.uk/>, 11 Goodwin St, London N4 3HQ | Tel: +44-(0)20 7281 0297 | Fax: +44-(0)20 7281 4369 (sighted Jan 22, 2005).
       Australian Campaign Against Arms Trade. ACAAT, <http://­www.­acaat.org>.  Phone / Fax : 07 4096 3236, + 61 7 4096 3236 (international), <admin § acaat org>, PO Box 1529, Atherton, Queensland, 4883, Australia.
    http://www.johnm.multiline.com.au/books2011-.htm#extreme-money-the
    [Skeleton entry to this webpage Nov 01, 2011; big write-up and proper image to this webpage 21 Mar 2012; published 2011]

    • COLEBATCH, Hal; 2010 or 2011;   Time Machine: Troopers  

     
    BOOK REVIEW
    A sequel that surpasses the original
    TIME MACHINE: TROOPERS by Hal Colebatch
    (Perth, WA: Acashic Publishing) Paperback: 172 pages
    ISBN: 9781447560913
    RRP: AUD $19.95
    Reviewed by Brian Peachey, of Perth, W. Australia
       That award-winning Australian author Dr Hal Colebatch in the year 2010 should choose to write a large, 70,000 word novel, Time Machine: Troopers, a sequel to H.G. Wells' 1895 book The Time Machine is a dramatic – dare I say, courageous – literary act.
       The result is a brilliant work, an example of Colebatch's literary genius and an antithesis to H.G. Wells' dreary pessimism.
       Like many of my generation, when young I read H.G. Wells' small science-fiction novella, which had then received acclaim and publicity for more than half a century; Hollywood made an imaginative movie of it in 1960 and comic-book versions were produced.
       My first reading of the 1950 edition (bought in Alberts Bookshop in Forrest Place, Perth, for three shillings and sixpence) disappointed me. I did not understand why the story, which seemed to capture the imagination of millions, did not enthral me.
       In my mature years, and having read more of Wells' political writings – especially his support in 1935 of Soviet dictator Joseph Stalin, his seeming agnosticism and his antagonism towards Christianity – I understood the reason for my disdain.
       Wells' story of what the time-machine traveller finds in the year 802,701 AD is a pessimistic depiction of the degeneration of the human race into the cannibalistic Morlocks and an effeminate Eloi.
       The title of the sixth chapter is "The Sunset of Mankind". The picture is contrary to Christ's promise to be with us to the end of the world. Time Machine: Troopers; Hal COLEBATCH
       Hal Colebatch's Time Machine: Troopers starts at the point The Time Machine ends, and tells of the unnamed Time Traveller's second "voyage".
       Where Wells' story was a subversive attack on Edwardian optimism, Colebatch's story is a none-too-subtle attack on Wells' pessimism.
       The Time Traveller sets off on a mission to rehabilitate the Eloi. But he does not go alone. After considering and talking with various eminent Edwardians, including Wells himself, he takes with him Lieutenant-General Robert Baden-Powell, famous for his defence of Mafeking during the Boer War and the future founder of the Boy Scout movement.
       The distant future is to be saved by re-introducing true values including those of the Boy Scout movement. Colebatch with literary skill depicts the tension and drama of their journey as only Colebatch can.
       Returning to the London of 1917 for help, the Time Traveller finds himself caught in an air-raid. He is saved by Winston Churchill, now Minister of Munitions (Colebatch has faithfully re-created Churchill's speech and personality).
       With Churchill's help in supplying them with modern weapons, good prevails. But this is not the end of the Time Traveller's problems.
       Without revealing all of this intriguing tale there is the question: Will Baden-Powell be able to save the Eloi with scouting, cricket, a missionary, the restoration of the monarchy, and the Royal Navy?
       Twice the length of H.G. Wells original story, Colebatch's Time Machine: Troopers is an imaginative and exciting story full of ironies and not without humour. More seriously, however, Colebatch, with great skill, has pointed out the enduring worth of good values and institutions.
       Time Machine: Troopers is an excellent piece of literature written with great style. In a time when society seems to be lacking in good moral values it is the sort of book you will want your children to read. It is also a classic you will want to keep for yourself. It is a collector's item. #
    A core of despair at the centre of H.G.Wells’ soul
       The unnamed Time Traveller says of H.G. Wells:
       "I felt that under his optimism there was always a core of despair at the centre of his soul.
       "As for the only way out he had looked to, 'to live as if it were not so', as if mere petty existence was all we would ever possess, I had thought such a doctrine of 'existentialism' (as I called it for want of a better name) a mindlessly petty and bleak one.
      [Picture] H.G.Wells  
       "I am still prepared to wager that should such a view come to be held by the leading body of philosophers of any nation, that nation (though it be as great in the field as France … is today) would not any longer be able to control its affairs: an invader would sweep its defences away.
    - Extract from Hal Colebatch, Time Machine: Troopers. #
    – News Weekly (Australia), <http://­www.newsweekly.com.au>, page 20, September 17, 2011
    http://www.johnm.multiline.com.au/books2011-.htm#time-machine-troopers
    http://www.johnm.multiline.com.au/books2011-.htm#a-core-of-despair
    [2010 or 2011]
       DEFINITION: "ISBN" means International Standard Book Number.
    PERIODICALS, MAGAZINES, SERIALS

    Australian Options, www.australian-options.org.au , PO Box 431, Goodwood, SA, 5034, Australia. (By courtesy of StopMAI Coalition WA).  Seems to be in decline; last issue on Internet display is shown as Winter 2010 - jcm 10 June 2011.
    Citizens' Voice. PERTH, W. Australia: Newsletter exposing the moves by Big Business and the Great Powers through the World Trade Organisation and other international groups to transfer power from elected governments to transnational corporations in the most powerful economies.
    The Georgist News No. 10. UNITED STATES: It praises a Western Australian man, John Massam, for sending a Spanish-speaking person links for some Spanish-language economics Webpages, and then setting one up in Spanish himself.  (He used the AltaVista ™ translation programme).  After seeing No. 9, this message was sent late in 1998 to The Georgist News:
       "Wonderful news service! … Our local Trust has sent # 9 to 43 people today!" – John Massam.
       The website of The Georgist News by December 2010 had become www.Georgist.com .
    National Interest Newspaper. AUSTRALIA: Published to provide readers with information vital to saving our country for our children. Issue No. 31 (received approx 11 Oct 2003) is undated. Headings included: "One scared kid: Australia's first political prisoner," "The Bill of Rights [1688] guarantees freedom of elections," "Public liability nonsense must be stopped," "Seizure of Pan Pharmaceutical stock is unconstitutional," "Massive multinational assault on alternative medicines," and "General Agreement on Trade in Services (GATS); This will affect you." - National Interest Newspaper, 79 Ferry St, Maryborough, Qld, 4650, Australia. Editor: Tony Pitt (died ~ May 2006. A successor supposedly took over his work, but no further issues are known to the Webmaster.) (No. 31 was received approx 11 Oct 03).
       [LATER FOOTNOTE: The Pan Pharmaceutical newsitem, that seemed an unlikely comment story in the 2003 issue, seemed to be largely vindicated around mid-2008 with Pan winning a court case for damages. -jcm Oct 13, 2008. ENDS. ]
    New Dawn, <www.newdawnmagazine.com>, GPO Box 3126, Melbourne, Vic., 3001, Australia; New Dawn magazine, Winter 2011 Editors M.R.Pashkovsky, David Jones; <editor § newdawnmagazine com>. Bi-monthly.  Facebook: <www.facebook.com/NewDawnMagazine>. Copied from Special Issue No. 16, Winter 2011, in June 2011.
    Nexus New Times, <www.nexusmagazine.com>, PO Box 30, Mapleton, Qld, 4560, Australia; Tel. 07  5442 9280, Fax 07  5442 9381. Editor Duncan M. Roads, Co-editor Catherine Simons.; Bi-monthly.  A lot of unusual health recommendations.  Copied from Volume 18, no. 4, June-July 2011.
    Social Justice Monitor, www.acej.org.au , 17 Croker St, Aspley, Brisbane, Qld, 4034. happijon § optusnet com au
    Uncensored, <www.uncensored.co.nz>, PO Box 44-128, Pt Chevalier, Auckland 1246, New Zealand; Tel + 64 9 828 2823.  Editor Jonathan Eisen, Asst. Ed. Katherine Smith. <info § uncensored co nz>. Copied from Issue No. 9, Sep-Dec 2007.
    PARTIAL CONTENTS LIST or ANCHOR LIST (After reading an article, use Browser's "Back" button to return to Anchor List)
    • 97% Owned.  UNITED KINGDOM: A 60-minute documentary movie exposing the fractional-reserve system of debt creation by the banking system, and recommending reform.  ? 2012
    • American Torture – from the Cold War to Abu Ghraib and Beyond. 2007
    • Anthropophagitism in the Antipodes, or Cannibalism in Australia, by James COOKE.  An account of global cannibalism, with chapters on each Australian State, and articles exposing those who try to pretend that the Aborigines and the Japanese did not eat human flesh. 1997
    • Bankers and Bastards, Senator Paul McLEAN and James RENTON. AUSTRALIA. 1992
    • Barbarians at the gate. Bryan BURROUGH and John HELYAR. Management takeover, leveraged buyout, the £25 billion grab of RJR Nabisco. 1990
    • Beyond Oil: The View from Hubbert's Peak. UNITED STATES. Prof. Kenneth S. DEFFEYES discusses a future as oil production gets less and less. 2006
    • A core of despair at the centre of H.G.Wells' soul.  Extract from a new Hal COLEBATCH book. 2010 or 2011
    • The Corruption of Economics. Mason GAFFNEY and Fred HARRISON. (orig 1994) 2006
    • Dude,where's my country? Michael MOORE exposes BLUSH's lies about Saddam Hussein's WMDs, and Corporate America. 2003
    • The Earth belongs to Everyone. Alanna HARTZOK. Wide-ranging exposure of what is wrong with the globalised, profits-before-people economy of present and past centuries.  A plea for prevention of pollution, small farmers, and ecological reforms from a long-term U.S. activist. 2008
    • Extreme Money: The Masters of the Universe and the Cult of Risk, by Satyajit DAS.  The massive bubbles of fake growth and ponzi prosperity endanger nearly all humanity. 2011
    • Fascist Europe Rising; The repression and resurgence of democratic nations, by Rodney ATKINSON of Britain. 2001
    • The Forbidden Ideas that you won't read about in the mainstream media. Dick Smith's magazine of .. Constant population increase, and constant selling of Australian companies, are exposed and opposed by the ex-owner of the electronics chain bearing his name. Sep 29, 2012
    • The Frauding of Votes? Is Australia's "user-friendly" system an "abuser-friendly" system?  Inquiries have shown there is fraud.  Dr Amy McGRATH.  (?) 2001
    • A Game as Old as Empire; The Secret World of Economic Hit Men and the Web of Global Corruption; Steven HIATT (ed.); 2007
    • Guantanamo: My journey. David HICKS. Imprisoned without charge for years by the BLUSH U.S.A. Administration, with the approval of the HOWODD Australian Government. 2010
    • Hijacked Inheritance; The Triumph of Dollar Darwinism? Philip DAY (died 2011), Brisbane, Australia. 2005
    • An Inconvenient Truth.  By Al GORE (former U.S. Vice President).  2006
    • The Lucky Culture, and the Rise of an Australian Ruling Class. AUSTRALIA: By Nick Cater.  The culture of the Australians is what makes Australia lucky, he writes.  2013
    • MALCOLM FRASER: The Political Memoirs.  AUSTRALIA: Former PM Malcolm Fraser got the Australian Federal Parliament years ago to pass a law that every level of government - federal, state, and local - ought to impose the taxes they need to provide the services they provide to the public.  However, the States would not accept the law, so it was stillborn.  2010
    • Inside Job. DOCUMENTARY.  Charles FERGUSON, producer and director.  How the huge U.S. financial dealers took huge bonuses while heading towards insolvency, and convinced the Congress and President Barack Hussein Obama to pay for their losses!  2010
    • Money as Debt III.  138-min animated movie.  Paul Grignon proposed Digital Coins based on production, demand, and the real economy, not on bankers creating money by creating debt.  ? 2012
    • Overloading Australia: How governments and media dither and deny on population. AUSTRALIA. Good section on how land prices rise. 2008
    • The Price of Civilization: Reawakening American Virtue and Prosperity. UNITED STATES: Powerful U.S. lobby groups and the faulty voting system makes a money-drenched political system out of step with the voters and their core values. 2011
    • Privatization in the Ancient Near East and Classical World. USA. Michael HUDSON and Baruch A. LEVINE(editors). 1996
    • Progress and Poverty. The classic Henry GEORGE social justice book of 1879, modernised and abridged to about half the size by Bob DRAKE (since died). © 2006, reprinted 2010.
    • The Race for What's Left – the global scramble for the world's last resources. Michael T. KLARE.  Besides the scramble to control oil and its substitutes such as the tar sands of Alberta, farmlands are being bought by wealthy nations in order to keep feeding their expanding populations. 2012
    • Real Australian Books: Hesperian Press. PERTH, W. Australia. Book publishers. March 2006
    • Real estate 4 Ransom .  Documentary movie on DVD. 2011
    • Revolution from Above: Manufacturing 'Dissent' in the New World.  Kerry BOLTON.  He states that powerful monetary interest are behind many revolutions and other world occurrences.  2011
    • The Secret Life of Real Estate and Banking; How It Moves and Why.  Shepheard Walwyn Publishers Ltd. Phillip J. ANDERSON. 2009
    • The Secret Life of Real Estate; How it moves and why. Phillip J. ANDERSON, London and Melbourne. 2008
    • A short history of the 20th century. Geoffrey BLAINEY, Australia. 2007
    • The Silver Bullet; Fred HARRISON, London.   2008
    • Solar Cycle 24: Why the world will continue cooling and why carbon dioxide won't make a detectable difference. AUSTRALIA: David ARCHIBALD.  2008
    • Stolen land - stolen lives, and the great con trick of Debt! SCOTLAND: Shirley-Anne Hardy exposes the bent thinking in the economic and political worlds. 2011
    • Supply Shock: Economic Growth at the Crossroads and the Steady State Solution. By Brian CZECH.  Economics has been corrupted by big donations from powerful interests to teach that land is not a basic part of the economic and other systems.  But there are honourable exceptions, so the author can quote the economics professor at the University of California about this corruption of economics.  The author goes on and on about the almost unquestioned growth economic paradigm.  2013.
    • That All May Live. Guidelines towards a better society.  Godfrey DUNKLEY.  The intrinsic value of land … should act as the standard for the entire value system, that is, land … should form the sole basis of state revenue.  1990
    • Time Machine: Troopers.  A novel following on from the great H.G.Wells classic.  Hal COLEBATCH; 2010 or 2011
    • The Transparent Cabal.  The Neoconservative agenda, war in the Middle East, and the national interest of Israel. UNITED STATES, ISRAEL, IRAQ. The trouble lies within. 2008
    • The Unfair Trade.  AUSTRALIA:  CASEY, Michael.  The influence of dominant industries, distorting the rules for their own benefit and preventing markets from operating properly, underlies this trend.  Australian mining executives are compared to the Wall Street bankers who helped the world economy to the 2008 melt-down.  2012;
    • Unlocking the Riches of Oz: A case study of the social and economic costs of real estate bubbles (1972-2006). AUSTRALIA: Bryan KAVANAGH, Melbourne. 2007
    • Vendetta; American Express and the smearing of banking rival Edmond Safra; Bryan BURROUGH. 1992.
    • Wall Street and the Bolshevik Revolution. Antony C. SUTTON. (orig. 1974) 1981
    • Wall Street and the Rise of Hitler. Antony C. SUTTON. 1976
    • The Whistleblower; Kondracki, Larysa.  Movie.  In BOSNIA, United Nations peacekeepers were active in sex-slave trafficking in 2000.  Kathryn Bolkovac told the employing company, and then the UN - and was dismissed. Sep 13, 2010
    • What every American should know about who's really running the world. By Melissa ROSSI. 2005
    • Who Gets What? Analysing Economic Inequality in Australia. By Prof. Frank STILWELL and Kirrily JORDAN, Sydney; 2007
    • Who Owns Britain; The hidden facts behind landownership in the UK and Ireland. By Kevin CAHILL; (orig. 2001) 2002
    • Who's really running the world; What every American should know about [that]. By Melissa ROSSI. 2005
    • Wolves in sheep's clothing: Secret War on the West. WORLDWIDE: Founded in England, the Fabian Society from the late 1800s has been planning, on a global scale, to gradually, step by step, hide the truth and destroy Western culture.  By Dr Amy McGrath.  2012
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