Comments by "Tony Wilson" (@tonywilson4713) on "WATCH: Gerard Holland lays out the staggering cost of renewable energy at ARC Australia" video.
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@stephenbrickwood1602 You've summed it up quite well.
The real problem are ECONOMISTS. When I started it simply got to WHY? Why aren't nations and states building new power stations and it doesn't matter what politics are present. There's just a complete failure of maintaining the existing energy infrastructure and upgrading it as needed.
The answer came back - ECONOMISTS.
FIRST - there's a pervasive view among economists that everyone else is a problem they have to manage. That's why we see economists interfering in education, health care, infrastructure,... etc. There's a PBS Frontline documentary on the 2008 GFC and in it Lanny Breuer the Assistant Attorney General at the time charged with prosecuting the wrong doers was asked why NOT 1 CEO was charged. His answer was "We had to consider the economic effects!"
So in their minds we are all incompetent idiots who they have to manage.
SECOND - Economics education is incredibly and narrowly focused on the Milton Freidman Chicago school free market model where "Greed is good" and CEOs have no responsibility other than profit. All the text books are written by professors at Harvard, Yale, Oxford, Cambridge,... All the text books are printed by Harvard Press, Yale Press, Oxford Press, Cambridge Press,... All the economic departments across the World are run by people who went to Harvard, Yale, Oxford, Cambridge,...
THIRD - Government decisions are dominated by economists. Every elected official either studied the same Harvard, Yale, Oxford, Cambridge economics or has an advisor who studied the same Harvard, Yale, Oxford, Cambridge economics.
Then there are the consultancies who advise governments like McKinsey, Boston Group, KPMG, EY, PwC, Deloitte,.... who are full of economists who went to Harvard, Yale, Oxford, Cambridge.
Then there are the Think Tanks like the one support Gerrard Holland who mouth off endlessly and they studied the same Harvard, Yale, Oxford, Cambridge.... economics.
No matter what the subject is, if it involves government policy there's an army of economists telling the government WHAT TO DO or WHAT NOT TO DO.
Its the main reason why people across the world are so frustrated with governments. No matter who anyone votes for there's an army of economists making sure NOTHING CHANGES.
If your interested in finding out more about the issues with economists. There are some "Rebel Economists" who have been fighting against mainstream economists for a while and in some cases decades.
One of the best is Steve Keen who like me is Australian. There's a podcast here on YouTube.
Another is Mark Blyth who's Scottish and based at Brown U. in America. He not only predicted the 2008 GFC but also that Trump would win in 2016 and that Europe was headed for a crisis.
Another is Gary Stevenson who's young but also incredibly smart. He worked for Citibank and was their top trader by his mid 20s. He then realised that his success came from betting against the British economy.
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