Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

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July 11, 2018

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Australia’s top income earners are a lazy lot. The top 0.1% only ever had a rising income share under a Labor government in the 1980s. Even the top 1% had a pretty lean time until the 1990s. Source: The World Wealth and Income Database.

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How can Pauline Hanson be an extreme right-winger if half of her votes come from people who 2nd preference the Australian Labour Party? This strong support for her populism has been well-known since she won the safest Labour Party seed in Queensland in the 1996 Australian Federal Election but is hardly ever mentioned by the …

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For a generation, a campaign by the green movement against the growing of genetically modified crops has held sway across Europe. These foodstuffs are a threat to health, the environment and the small independent farmer, NGOs have argued. As result, virtually no GM crops have been grown on Europe’s farms for the past 25 years. …

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Any decent political movement makes an ambit claim in expectation of being beaten back to its real position. That is basic negotiation tactics in politics. Such is the volatility of expressive politics that the fight for 15 campaign has taken on a life of its own and is actually delivering on a $15 living wage …

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Since 1985, extreme poverty has halved in Botswana and dropped by a 3rd in Swaziland and Uganda. Source: World Poverty – Our World In Data. Life expectancies are increasing again in Swaziland and Botswana after the HIV epidemic has come under more control. Source: Life Expectancy by Age in selected Country from 1990 to 2013 …

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Source: Liberal Biases, Too, May Block Progress on Climate Change – The New York Times. Source: Mr. Sanders’s war on clean energy – The Washington Post.

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if Kiwibank is part of the competitive fringe of an oligopoly made up of the 4 Australian banks, it is not very profitable for a competitive fringe of a cartel as the chart below shows. The other New Zealand owned small banks in that competitive fringe are not that profitable at all. Undercutting an oligopoly …

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