The ugly side of resource development

J.M Keynes, p. 18

GFC subsidies did not double incomes; but, did subsidise consumer purchasing power. The unanswered questions:

• In a free trade economy, in which economy was employment supported: Australia or import suppling countries?

• Why should Australian taxpayers pay the tab for employment support in import supplying nations?

Herein lays an explanation of contemporary policy failure. No one at Government, industry, or media level appears to understand the genesis of contemporary economic orthodoxy. Consequently, the Budget will not address problems of concern to ordinary people; and, in particular, regional Australia.