"Climate Science is the new false god" Bolt's repititious mantra.
It's costing the economy by it's inexactness. It's unable explain or predict the untimely end of hundreds fish washed up on the ninety mile beach a few weeks ago. According to Bolt the whole science needs to be washed up. Applying Bolt's argument of inaccuracy to all sciences first year uni students might as well drop out now.
From Physicists to Economists and everything between unless it's cheap drop it. Believers in these inexact sciences are bowing to false gods. Luddite springs to mind. An inquiring mind is the devil's playground. For Bolt the costs of the research and the associated courses of action suggested by it are unwarranted because what we have now isn't broken. Imagine the lack of progress this past century had everybody taken this dropkicks advice.
Sciences aren't about getting everything right because they don't even Newton's Laws have their limitations. Science is a process of inquiry to better understand the world around us. It makes mistakes and moves foward it's not the activity of one man but a whole global community and 97% of scientists support Global Warming Theory and with it the shift to renewable energy sources and the reduction of CO2. The false god is the the stock market price of coal. The effort Bolt is putting in for Abbott is simply about not letting the price of coal drop.
Bucketing the science is akin to the church bucketing Gallileo it prevented him publishing for 100 years on the threat of excommunication. His study of weaponry was supported though. Well Abbott wants to close down the research and anything connected with it. Bolt & Jones are assigned to calling them heretics and Abbot is forcing them into change or exile to pursue their careers.
23% of our energy is now coming from sources other than coal. The wholesale price of electricity has come down. Where has the money gone? Not to us the consumers but to the retailers. Isn't that the intelligent question. If renewables are a cleaner cheaper form of power surely it's the way of the future. If other countries are moving away from coal as their primary energy source it won't be worth digging out of the ground. Australian coal now costs more now than the wholesale price of electricity in India today so why would they want to buy it. Modi the new PM of India supports a move to solar solutions because he as some of the worlds most polluted cities in India. China and the US are taking similar measures. I wouldn't advise any body to invest in it. Gina sold out of it. Glencore our biggest coal miner paid zip in tax on a $15 bill profit and was heavily subsidized. How much of the $15bill was our $$$. We have paid them to build a mine and are collecting rent they don't need to sell product. Investors like BHP have dropped their investment in the train line to Abbott's point Abbott's coal selling trip to the US was an energy wasted farce. So what's the false god COAL
Corman our Finance Minister has every faith in the science of free market economics and in particular financial service industry. A topic that Bolt doesn't often address but supports.. Deregulation is a guarantee of success and trust the pillars holding it together. Freeing up the finance sector is Corman's agenda . It's making way for the secret international TPP agreement about to be signed that will make it easier for multinational companies to operate here. It's going to safe guard their intelectual property and I assume deregulate pricing by competion. Firstly our access to generic medicines won't be allowed pushing the price of medication up. Secondly Multinationals will be able to sue us for any loss of profit if enticed to Australia and they can't make a proft on agreed terms. We the citizens of this Democracy aren't allowed to know those term before signing. We know the reputation of our politicians Corman says trust us.
Deregulation of obstacles in the way of financial planners will make things grow or it might putting the chickens back in the hen house with the fox. His response to the cowboys at the CBA pillaging 4000+++ accounts was " an old story" history and we need "to move foward and put it behind us". Deregulation of and industry that only shuffles paper and lends money for commissions one that doesn't produce anything other than more and more ways to shuffle money even faster for more commissions was the industry that caused the GFC. The regulations that saved us from the crash are now being removed. Corman says there are sufficient laws in place that cover the issues of corrupt managers should they arise "trust us"
The law doesn't seem to be very helpful for the CBA clients out of pocket. Corman is telling them to "get over it, suck it up and move on". Why are the regulations needing planners to operate in the best interests of their clients irrelevant or for them to reveal their commissions too much to ask in the name of tranparancy? Does he believe ponzi schemes or another crisis is not waiting in the wings? that planners won't drive money where commissions are the highest. Why remove the pillars of trust? Regulation is not only there for the 10% of society but for all of us to build trust.
If the law was an equal playing field and really available ASIC may have had teeth. If legal aid was available to assist the less wealthy maybe planners wouldn't be so cavalier. However it's not. The "buyer beware" the caveat remains. The banks lend money, employ planners sell product and have the best & most expensive legal firms to protect them from their clients? They are an entire system of trust and non transparancy the whistle blower their biggest fear. Why has it taken the banks so long to fess up to this scandal and so slow to do anything? Macquarie bank seems uncofortable at the moment as well. Corman remains fixed on deregulation to assist the flow of money out of our accounts and into the the accounts of the top 10%. Trust is what we are told will make this work. However trust is being eroded by this false god of profit for everyone. Bolt is the maitre'd of Abbots TEA PARTY.
