The Garnaut Recession?
He should welcome it
Professor Garnaut expresses concern that a slowdown in China may trigger a recession in Australia (The Australian Newspaper 19 July, 2011).
He should welcome it.
The use of carbon fuels like coal, oil and gas, more than any other measure, reflects economic activity.
The Climate Control Professor of the South Pacific will thus never achieve his target cuts to the production of carbon dioxide without a depression of economic activity.
He should welcome Chinese assistance in his grim task.
Viv Forbes
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Viv Forbes——Bio and Archives
Viv Forbes, Chairman, The Carbon Sense Coalition, has spent his life working in exploration, mining, farming, infrastructure, financial analysis and political commentary. He has worked for government departments, private companies and now works as a private contractor and farmer.
Viv has also been a guest writer for the Asian Wall Street Journal, Business Queensland and mining newspapers. He was awarded the “Australian Adam Smith Award for Services to the Free Society” in 1988, and has written widely on political, technical and economic subjects.