Australia is a nation that has maintained its high standard of living by avoiding the fatal danger of “rent seeking”. The current threat that the proposed carbon tax poses in facilitating a transition to “rent seeking” is outlined as is an argument why there should be a plebiscite on a carbon tax in this article by Dr. David Bennett.
The Fatal Danger of Australia Transitioning to a “Rent Seeking” Economy

The June 2009 announcement by Peter Costello that he would not re-nominate for his seat of Higgins apparently signifies the end of his political career. (His resignation will take effect in October this year). A comparison of the former Treasurer’s political career with that of former Prime Minister Sir Robert Menzies was undertaken by Dr. Bennett.

By David Bennett

Social Action Australia derives its legitimacy as a proponent of social democracy from the 1937 ALP Victorian motion authorizing the establishment of the ALP Industrial Groups.