Foran et at, real scientists who attempted to compute the real costs of Australian production

Four Corners reveals a landmark new study, backed by 10 years of scientific research, which challenges the long held economic wisdom that growth and exports are the pathways to prosperity.


Its key message: Australia undervalues its resources. The foods and other products that Australians consume and export are all part of the envied lifestyle � but are heavily subsidised by the environment.
Each year this arid country effectively exports more water than is used in its cities and its towns - without getting paid for it. Meanwhile rivers and creeks are choking. When a grain shipment is sent overseas, no one pays for the wear and tear on fragile topsoils, let alone their repair.


Foran argues that not only exports, but also the service economy gobbles up physical assets and must be costed.(http://www.abc.net.au/4corners/archives/2002b_Tuesday5November2002.htm)

For full story and transcript-see
http://www.abc.net.au/4corners/stories/s718523.htm

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