The Fair Dinkum Economy

Book excerpt: The Fair Dinkum Economy offers an easy-to-read, easy-to-understand economic guide for everyone. It explores the recent decline in the living standards of developed countries and negative effects of the swing in the balance of power to the Asian and Indian regions. Author Robert Gibson maintains that the way this economic change is happening will not benefit any country. What’s more, there is an alternate path we can take that could lead us to a better, more equal world. It is not a nice thought that the twentieth century may have seen the peak in the status and strength of Western Nations. If we keep going the way we are, however, that is what history may record. We need to be encouraged to present our ideas because debate is healthy. New ideas stimulate thinking along different lines, about different possibilities. The Fair Dinkum Economy presents an idea—a plan that is not just about what is good for the richest nations, but that instead works with the global trading system for the betterment of all mankind.