Why is it that Australia's unemployed in March 2010 just gone number 611,000, while thousands of unskilled jobs are being filled by new immigrants?
This week - 25 August 2009 - it's about creating a citizens bank. Joe points out that Australians demanded a peoples' bank in 1909 (after the 1890 depression) and got it. Unfortunately they made it the property of the government, and the Hawk Government sold it off.
Markets are the most inefficient way of doing anything. It's free markets that got us into this mess in the first place, because when supply far far exceeds demand, commodities are so cheap they are squandered. This is exactly what happened to oil. And water. And farming land.