By Andrew Mackinnon

Last updated: 27th August, 2024

The way to create jobs in Australia is not for the Australian federal, state and territorial governments to predominantly spend billions of dollars on infrastructure projects, thereby creating a disproportionately small number of constructions jobs and associated administration, accounting, management and other jobs, while delivering excessive and undeserved super profits to the entities which deliver the infrastructure projects, such as Australian companies, all at the expense of taxpaying Australian citizens.

The way to create jobs in Australia is for the Australian federal government to:

> establish a publicly owned “Australian Bank”, which operates on a not-for-profit basis by not charging interest on the money it creates out of nothing when it lends to Australian citizens, Australian businesses and Australian not-for-profit entities (although rates of less than 1% would need to be charged to cover the incidence of borrowers defaulting on the various types of loans it provides);

> fund the operating costs of the publicly owned Australian Bank via account-keeping fees and transaction fees, paid by Australian citizens, Australian businesses and Australian not-for-profit entities, who and which use the Australian Bank, which account-keeping fees and transaction fees should be limited to cover the actual costs incurred by the Australian Bank to administer the accounts of Australian citizens, Australian businesses and Australian not-for-profit entities and to process the transactions of Australian citizens, Australian businesses and Australian not-for-profit entities;

> ensure that there is enough money in circulation in Australia to support the economic activity of Australian citizens, Australian businesses and Australian not-for-profit entities by increasing and decreasing the size of the money supply in Australia, by increasing and decreasing the total amounts of principal that the Australian Bank is allowed to lend to Australian citizens, Australian businesses (such as sole traders, partnerships and companies) and Australian not-for-profit entities (such as churches and charities), expressed as higher and lower multiples of the incomes of Australian citizens, profits of Australian businesses (such as sole traders, partnerships and companies) and operating surpluses of Australian not-for-profit entities (such as churches and charities).

These multiples should be different for different types of borrowers, such as Australian citizens, Australian businesses (including sole traders, partnerships and companies) and Australian not-for-profit entities (including churches and charities).

By deliberately increasing the size of the population of Australia via non-white immigration into Australia from China, Nepal, India, Sri Lanka, Pakistan, other Asian countries, other Arab countries and African countries, the Australian federal government has deliberately ensured that there are more people in Australia competing against each other for jobs, thereby increasing the incidence of unemployment in Australia.

By banning non-white immigration into Australia and deporting non-white non-citizens of Australia (with the exception of genuine refugees, on compassionate grounds), numbering in the order of two (2) million, the Australian federal government could ensure that there are fewer people in Australia competing against each other for jobs, thereby decreasing the incidence of unemployment in Australia.

For your consideration…

How to fix Australia permanently…