ERA blog is a facility operated on behalf of Economic Reform Australia (ERA), and is open to anyone with an interest in economic reform. The viewpoint and objectives of ERA are outlined in the ERA website www.era.org.au . Briefly, ERA has a heterodox economic perspective on what is required for achieving a socially, environmentally and financially sustainable society. Of particular concern is the drift away from sustainable and just societies around the planet. ERA regards reform of the financial system as an essential prerequisite to other reforms aimed at tackling the world’s immense social and environmental problems. ERA is opposed to neoliberal (economic rationalist) ideology, and repudiates many of the fundamental tenets of neoclassical economics.