Sustainable ocean economy: Australia can lead the way; disappointing crypto-religion; Geoff Wilson and franking credits; NBN structure; politicians should leave the grid to electrical engineers.
To increase international co-ordination of using our oceans and marine resources for sustainable development, the United Nations has designated 2021-30 as the Decade of Ocean Science for Sustainable Development.
As terrestrial resources have become scarce, interest in a blue economy and oceanic resources has risen. It’s defined by the World Bank as “using ocean resources to improve economic growth, social inclusion, and livelihoods while also ensuring the sustainability of the oceans and coastal areas”. There will be complex social, economic, and environmental governance challenges for policymakers as the world continues to go “green”. How about we show them how it’s done?The crypto revolution bears eerie resemblances to the religious revolution unleashed by Martin Luther in 1517 . He argued that the “fiat” central Catholic Church was a corrupt middleman between God and the faithful and that one could have a direct relationship with God without the middleman.
The fundamental claim of crypto has to be that it is impossible for a large decentralised system to give rise to certain adverse defined behaviour which would be in some sense equivalent to what they seek to replace. The debit is essentially aimed at preventing companies from distributing past profits in the guise of a capital item rather than as dividends which would be taxed as income at the shareholder’s marginal tax rate.
Telecommunication and a fast, reliable internet are now essential requirements. As such, it can be argued that they should be under direct government control.
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