lee wrote on Oct 11^th, 2025 at 12:53pm:


That is my claim now.

You happy (!) with it?

And it follows therefore that governments can house and employ everyone, AND avoid a cost of living crisis, as shown in the post WW2 1946-1970s Keynesian 'welfare state'/deficit-spending era.

Note: in the Menzies era, unemployment in Oz was <2%, and everyone was securely housed in either public or private sector housing.

Hence my claim governments can eradicate systemic poverty, given appropriate  macroeconomic policies. 

lee wrote on Oct 12^th, 2025 at 12:45pm:
 

You want me to prove a self-funding government can eradicate poverty.

The proof is a priori

(google)

'a priori' proof is demonstration of a truth that does not require empirical evidence, but instead relies solely on reason, logic, and definitions

The problem is your closed Conservative brain doesn't do logic, hence you  demand empirical evidence. 

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Your error: you are referring to poverty incurred by poor choices of the individual (or other issues related to an individual such as (physical or mental) illness; whereas governments can eradicate systemic poverty by ensuring housing and employment for all, in a low inflation environment - see the Keynesian welfare state era funded by government deficit spending.    

lee wrote on Oct 12^th, 2025 at 2:37pm:
 

Your error: engineering is based on empirical science.

Whereas Neoclassical economics is based on delusional DSGE models

DSGE (Dynamic Stochastic General Equilibrium) models are a class of macroeconomic models used to analyze and forecast economic activity by focusing on how individual households and firms make decisions over time under uncertainty

This is an erroneous conflation of micro and macro economics; governments are concerned with spending by ALL households and firms, not individual ones. 

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Lee's crippled Neoclassical-addled  brain: poverty has many causes, some related to the individual, most  related to the macro ecomnomy, eg in the GD, fully 30% of the population was reduced to poverty for no fault of their own, and many lives were economically burdened  during  the GFC. 

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No, macro versus micro (individual) factors determine definitions.

But the individualist Conservative brain doesn't do government-managed  macro-economics.

lee wrote on Oct 12^th, 2025 at 4:03pm:


Er - continuously improving engineering is a reality; and now renewables are  producing more electricity than coal.

Renewable energy outpaces coal for electricity generation in historic first, report says

https://www.npr.org/2025/10/09/nx-s1-5564746/renewable-energy-coal-electricity-f...


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The age of AI data makes it possible.  And all who want an economy which works for all want it, unlike brain-dead Consrvatives who think systemic poverty can't be eradicated.   

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Crippled brain lee: government can directly eradicate systemic poverty,  leaving non-macro factors involving certain individuals to be dealt with.   

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A self-funding government is the logical  solution for eradicating systemic (macroeconomic) poverty, since there is no shortage of resources which would prevent it.

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The situation in China is too complex for you to grasp.

China's economists are grappling with establishing  the correct balance between central planning and free markets.

The real estate 'houses as investment' disaster shows they have a lot to learn re that balance; free markets alone should be avoided for provision of essentials like housing and employment.

Nevertheless China's centrally planned infrastructure development - following the  governement's 5 year plans -  is leaving the democracies behind.

But it's the Western Neoclassical 'balanced government budget' delusion which is causing economic harm around the world, including China.