Varoufakis

Here are some deluded comments from another well meaning economist … the first paragraph is spot on. The second, displaying a complete absence of subject matter expertise.

“Echoing the call for innovation by new prime minister Malcolm Turnbull, Varoufakis said Australia should redirect its economy from “rent” in the shape of selling commodities to “entrepreneurial profit” in the form of greater innovation.” Here he’s correctly identified a problem and suggested a viable hypothesis for a solution.

“Australia has excellent pockets of innovation such as CSIRO. But there is a glass ceiling where they usually have to sell up and move to the US in order to progress.” Here we have one untrue statement followed by a non sequitur.

So in order; we get a truth, a hypothesis, an untruth, and a non sequitur. Next up would be an unintelligible noise followed by a death gargle, and then silence.