Economics studies how the produce of the Earth is distributed.
”Not good enough, says one of the audinence. Shouldn’t economists study how to meet basic needs? “We all need a roof over our heads, we all need to survive.” studies how the produce of the Earth is distributed.”Not good enough, says one of the audience. Shouldn’t economists study how to meet basic needs? “We all need a roof over our heads, we all need to survive.”
Democracy looks like a bashed-up ballot box. Some days, it looks like a furious demo. But on this on a weekday morning, democracy looks like this low-ceilinged meeting room in a converted church, slap bang in the middle of the road that runs from Melbourne to Sydney.
None of the “attending students” have ever picked up an economics textbook. Most would be either stumped or sedated by the Financial Revue. Yet here they are, starting a crash course in something that to them is a mystery. The majority are retired, having worked their entire lives. When asked how many of them feel some control over the economy, not one raises a hand. So who is in charge?
acebookTwitterPinterest“Businessmen.” “The government.” “Rich people.”
“Journalists – who are paid by rich people.”
Amid all the humour pokes a truth. For this group, economics is something that’s done to them, by people sitting far away in Canberra or in Big Business Boardrooms. However these bear the brunt of spending cuts to services, health, education and transport.