Murray-Darling Authority & the National Broadband Network

Noteworthy, it is, that in the Guide to the proposed Basin Plan the Murray Darling Basin Authority makes no mention of compensation.

Meanwhile:

The Australian Competition & Consumer Commission chairman Graeme Samuel said it was the proper role of governments to spend money on visionary projects for the future.

That is, Australia’s “competition regulator has questioned the need for a cost-benefit analysis for the $43 billion National Broadband Network”.

As the Opposition spokesman on the NBN, Mr. Turnbull, has implied, the government does indeed reckon itself outside the law and common practice, practice that is compelling in itself and required by law for those who live under the law, which is the rest of us.

These two developments com as the federal government–helped by the near-entirety of the economics profession–maintains the fiction that we have economic growth. A brief investigation of the actual figures of debt and GDP (courtesy of the ABS, though one has to dig a bit to find the actual numbers, authorities much preferring percentages) reveals that, once continued governmental borrowing is removed from the GDP figures, Australia continues in recession.

The result? Green political imperatives and developmental fictions, centralised planning absent cost-benefit analysis, and generational theft combine, as intended, to bring about greatly lowered living standards for common people and strike out any persisting notions of aspiration.

Include the evolving intentions of censorship (under the guise of hostility to child pornography) and we won’t even know!

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