Published June 30, 2009
Terry McCrann has been looking at a Spanish study into alternative energy and has confirmed what critics have been saying – expensive green energy means less jobs not more.
The analysis has two major conclusions.
That for every ‘green job’ the state manages to finance, at least 2.2 jobs are lost elsewhere in the economy. And that does not count the extra jobs that could have been created if the money poured into wind and solar had been spent elsewhere.
That’s the second point the huge waste of money. For the study calculates that since 2000, Spain has spent 571,000 ($A1 million) to create each ‘green job’ including subsidies of more than 1 million per wind industry job.
Indeed, it goes on to discover that the whole process has created a surprisingly low number of jobs two-thirds of which came in construction, fabrication and installation.
One-quarter were in administrative positions just one in 10 jobs had been created at the permanent level of actual operation and maintenance of the renewable sources of energy.
As i have always said if the government was serious about lowering carbon emissions they would allow nuclear power to be a serious option. Windmills and sunbeams just can’t do the job.
Published June 19, 2009
economy , neo-liberal , Rudd
KEVIN Rudd has been accused by a leading Chinese economist of being “either short of economic knowledge or misleading his readers” in his famous essay attacking neoliberalism.
In a scathing assessment, Xu Xaonian, economics professor at China Europe International Business School in Shanghai, lambasts the essay, now translated and published in China, as “shallow and crude”.
Dr Xu says “Lu Kewen” – Mr Rudd’s Chinese name – made a “big, big mistake” in forming his “confident opinions” based on “the observation that the crisis came as a result of neoliberalism and the absence of supervision”.
Dr Xu, one of China’s leading liberal economists, has savaged the Rudd essay in the weekly Chinese newspaper The Economic Observer after the Prime Minister’s work was translated and reprinted in China’s leading business magazine, Caijing.
Dr Xu, who has a doctorate from the University of California and was formerly managing director of the country’s biggest investment bank, says it is not time to resurrect Keynesianism, as Mr Rudd proposes.
“Instead, it’s time to announce Keynesianism’s failure, time to announce the emperor Lord Keynes has no clothes.”
He says the Prime Minister “has used electioneering-style tactics to brand neoliberalism as dogmatic, to paint a clownish portrait of it, seeking to pioneer popular antipathy to this artificial enemy, casting a moral verdict without seeming to care about truth or logic”.
It would be interesting to know what the professor thinks of President Obama policies.
Published June 19, 2009
New South Wales , Rees
Good to see someone is finally using Youtube to respond to Rees boy.