Are we expected to protect the unprofitable? Was the ‘free market ever really ‘free’ or rigged to trickle up ? Suddenly the term Socialism for the rich comes into focus. How about mobilising forces for clean energy? Are ordinary Australians expected to insure the profits of the extraordinary few? Particularly those who continue to invest in the unwanted? We have done that for the past 20 years and flatlined  wages, issued company tax cuts and a variety of other economic decisions favouring the ever growing  unequal share of GDP in this country. Particularly clean air, water  and public health. We have seen the family of one working to survive become two, three and even families merging to survive.

The cry to “mobilise” forces has always been at the expense of “work forces”. Insurance companies are about to take a hit Scott is about to insure all Australia is to bear the cost easing the burden on the only “some”. Needless to say who will benefit the most. (ODT)

The Reserve Bank has been warned it may have to buy up coal mines and fossil-fuel power stations as part of extraordinary actions to save the economy from climate change-induced financial disaster.

The BIS said climate change events that severely affected the financial health of the banking and insurance sectors could force central banks to intervene and “buy a large set of carbon-intensive assets”.

via RBA told to ‘mobilise all forces’ to save the economy from climate change