AN EXPLANATION

Yesterday’s outpouring was born of the frustrationĀ of watching, and listening carefully to, Professor Ian Young at the National Press Club yesterday.

In many ways he was very good, extremely articulate, but missed the point that our big eight universities, andĀ all others, need to be able to see and understand the overarching economic picture.

They could ALL educate much better, be so much better funded and less reliant on “research”, if Australia’s economy wasn’t on FIRE.

Is the prof ignorant how FIRE steals from universities, or is he only too aware but believes he mustn’t refer to the hamstringing of Australia’s education by all our speculative activity and the taxing of the incomes of labour and capital?

Either way: it’s not good ….. hence my rant.