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11 responses to “Numbers add up to keep Clean Energy Finance”

  1. Iain Hall

    Really Brian if the investments are going to be so fruitful why do they need a quango at all? Surely if they are such viable ideas then surely they can attract private investment.

  2. Jess

    Iain: because they can take a different view than the banks on the value of said investments.

    From Brian’s post:

    It has been able to do deals that are too small, too complicated, or not previously done in Australia. In other words, deals that bankers can’t get past their own credit committees which prefer easier propositions.

  3. Iain Hall

    Its academic anyway Jess because tsi quango is dead buried and soon to be cremated 😉

  4. Doug

    Any economically literate person would leave this to get on with its business. If it is abolished it is clearly a matter of ideology.

  5. Graham Bell

    Iain Hall @ 1:

    why do they need a quango at all?

    I thought that would have been obvious …. given the thirty years of inefficiency and illusionary “wealth(??)” we have had since we abandoned the successful Australian mixed economy in favour of so-called Privatization, which is closer to Bureaucratic Communism than anything else.

    Doug @ 4:
    Like Brian, I agree with you too. Long-term planning in our present Rob-&-Run economy extends no further than the next quarter – or maybe the next financial year in rare cases.

    What should be worrying is that we are now so used to this sort of ideological ratbaggery replacing long-term policy that we take hardly any notice at all when yet another ridiculous example pops up.

  6. myriad74

    Correction

    “Other than being a good Labor Green idea that Labor in the end was convinced to support but let’s not forget it has had to be defended along with ARENA from the previous government’s budget cuts”

    carry on

  7. Graham Bell

    Thanks, Brian @9, but they haven’t forgiven me for ceasing to buy the AFR 🙂

    The heart of the problem is that Abbott and his mob have lost sight of the hard cold fact that they are supposed to be running a government, not a business conglomerate. Previous governments, at times over the past thirty years, also forgot the main reason for their continued existence.

    There are some similarities in running any large organization – a government, a global corporation, a religion, an international sporting body – but that’s all they are: similarities.
    Of course, lessons and methods from one type of organization, might, with very careful forethought and prudent application, be used in another type.

    Trying to run a government – which has its own quite specific and challenging tasks – as though it is a business corporation is a sure fire recipe for failure.
    Horses for Courses …. and if Abbott and his mob keep sending their government “horses’ off to the dog-food factory they’ll soon be riding Shanks’s Pony.

    It’s not too late for them to sack their ideological “Red Guard” fanatics – such as the ones whose rampage closed down the CEFC – and thereby help them reach a full term in government.