New Economy Journal

Volume 2, Issue 3

Cover image: Pay the Rent logo, from Pay the Rent: Grassroots Collective

June 9, 2020

Black Lives Matter Protests Remind Us to Pay the Rent

The Black Lives Matter protests in the USA remind us of the need to do our bit by Paying the Rent.

https://paytherent.net.au/

Pay the Rent means recognising that we live on stolen land; that Aboriginal sovereignty has never been ceded; and that, without a treaty, we continue to owe rent to traditional owners.

Gunai/Maar man Robbie Thorpe writes: “The Pay the Rent concept is much more than a tokenistic monetary payment made directly to the Aboriginal people. Not only will it ensure self-determination and economic independence but it also and more importantly recognises Aboriginal Sovereignty.”

In noting that the last 200 years have been marked by betrayal and broken promises, he says, “It is difficult for us to trust you unless you prove yourself in practical terms. We therefore ask you to acknowledge our sovereignty and land ownership rights, and prove your sincerity in practical terms by Paying the Rent for use of our land.”

There will be no justice for Aboriginal people until a treaty has been made and reparations paid. In the meantime, it is our obligation to Pay the Rent.

In Victoria, a formal Pay the Rent structure now exists. If you live in Victoria, please consider paying the rent through them. Their website also includes some information on progress regarding formal Pay the Rent structures in other parts of Australia.

https://paytherent.net.au/

Table of Contents

Progressing the Genuine Progress Indicator

Gösta Lyngå

Progressing the Genuine Progress Indicator
The Problem The aim of many governments is to support the growth of Gross Domestic Product (GDP) ahead of environmental and social values. GDP comparisons are made between countries, and these are the basis on which we judge how well each is doing over the years. Yet GDP measures only...

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An Empirical Objection to IPAT: A Reply to Mark Diesendorf

Duncan Wallace

An Empirical Objection to IPAT: A Reply to Mark Diesendorf
This article is a response to Dr Mark Diesendorf’s article ‘Population is a Driver of Environmental Impact: a Response to Duncan Wallace’ (NEJ, May 2020) Thank you to Dr Mark Diesendorf for his reply. He said that I implied, in my original article, that he and others are misanthropes. I...

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Higher Incomes, Lower Costs & Guaranteed Safety Net

Michael Haines

Higher Incomes, Lower Costs & Guaranteed Safety Net
Around 50% of the population cannot contribute to the production of our goods and services: the young, old, incapacitated and their unpaid carers, as well as a small percentage ‘between jobs’. This is not a fixed group. The people in it constantly change: the young grow up and babies are...

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Discussion of post-COVID-19 world

Scott Colvin, Jacob Debets

Discussion of post-COVID-19 world
Scott Colvin: Who could have predicted, even two months ago, that a global pandemic would capture so much of the world, robbing us of employment, the performance arts and any form of normal socialising. The fragility of our financial situation has been exposed and untold millions are without work. Economies...

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It’s our ABC

Emma Dawson, GetUp! , Per Capita

It’s our ABC
The following is an excerpt of Per Capita’s research report “It’s Our ABC”, which was published on 4 May 2020 with funding from political activist group GetUp! The Australian Broadcasting Corporation (ABC), has, since its establishment in 1932, provided radio, later television, and, more recently, digital broadcasting services to inform,...

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After the trauma of COVID-19, workers deserve better

Luke Hilakari

After the trauma of COVID-19, workers deserve better
Dealing with COVID has taught us as Australians to cope with drastic disruptions to our way of life, our work and our economy. We look forward to the end of this virus and a return to what we thought we had before. But what does normal now look like? Does...

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Trade Imbalances, Foreign Debt and the Need for an International Currency

Gavin Tang

Trade Imbalances, Foreign Debt and the Need for an International Currency
Note from the author: This article is a shortened version of an original which discusses closely related issues, and also gives a more nuanced and complete presentation of the ideas discussed here. The article can either be accessed online or by writing to the author. A brief introduction In principle...

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Democracy in Freefall: A.C. Grayling’s “The Good State”, Reviewed

Scott Colvin

Democracy in Freefall: A.C. Grayling’s “The Good State”, Reviewed
By the people, for the people I watched Trump’s inauguration from an office in a tall New York building, two blocks from another tall building bearing the now-President’s name. It was cold and someone passed around drinks as we huddled in front of a computer monitor, watching the President speak...

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The Case for a Guaranteed Basic Income (AKA, the Pirate Party’s UBI)

John August

The Case for a Guaranteed Basic Income (AKA, the Pirate Party’s UBI)
Negative Income Tax The Pirate Party Australia policy package includes a "Negative Income Tax", resulting in a "Guaranteed Basic Income" (GBI) - a close relation of the "Universal Basic Income" (UBI). Under this proposal, eligible recipients are not given the same parcel of money. Rather, there is “basic rate” of...

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