When will we run into our own demise?

[Guest]

Welcome, Guest. Please login or register.

1 Hour 1 Day 1 Week 1 Month Forever

Login with username, password and session length

22/06/2023, 10:15 AM Syklone - ..... hi

18/02/2023, 07:10 PM Damit - https://discord.gg/fYqDFYx

18/02/2023, 07:09 PM Damit - join us on Discord https://discord.com/inv... ite/fYqDFYx

29/11/2022, 12:19 PM BoHiCa - YESSSSSS

26/10/2022, 04:27 PM Victor9-5 - yooooooooooooo!

21/05/2021, 06:19 AM DonutKing - First post

28/08/2020, 08:39 AM Damit - its because we are all on discord now mrx

29/07/2020, 07:42 PM MrX - Its a bit dead round here

29/07/2020, 07:42 PM MrX - Anybody playing COD 

26/03/2020, 10:52 AM Epsoma - Hey Team. Locked down in self isolation. Hope you all are good.

View All

[DonutKing]

How can you not know who Adam Smith is? He lets you build factories in your colonies for 50% production increase

Seriously though, I think he'd be spinning in his grave already due to the state of modern economics making money out of nothing - like high frequency trading, not to mention the whole subprime mortgage fiasco and bank bailout etc - certainly no benefit to society from any of those...

[Syklone]

Up to speed now DK and took a refresher course.

http://en.wikipedia.org/wiki/Adam_Smith

Fuck me havent even had a coffee yet. And yes - I agree with your statements

[Number One]

this series has a whole piece on adam smith. and his slave ownership..

also check these guys out..http://www.piratenpartei.de/

i dont know..maybe if DI took em over we could run this mob... http://pirateparty.org.au/

[Ice]

Privatization does/can work and when he said better 'service' i don't think he was necessarily referring to the customer service of a bloke in India.

Also, about jobs being sent off shore it isn't this evil thing you think it is, it can make the country more productive as jobs are allocated to things that Australia is actually able to produce and remain competitive in. In simple terms, people continue to complain about jobs being sent overseas, a simple indication is the unemployment figures..... There are jobs being created in other areas to replace the ones lost. I personally don't think the world is in this negative spiral that everyone would have you believe it's just the world changing and becoming more productive.
To be fair, i simply don't think i have ever bought something based on 'Australian made.' However, I will regularly pay more for a product because i believe it is related to quality (in most areas, of course not all)

Just an opposing view for y'all

[Carples]

Well Ice as someone who works in manufacturing good luck finding something that is Australian made other than food. there are some things like
Storage water heaters - not instant
Serviettes - the fancy custom ones
Plastic pipe
Some building materials
Scratch lottery tickets opps sorry a profitable company is being folded up and production moved to Canada, USA and Chile, why you ask Canada and the USA answer protected industry and large market, Chile large government incentives and on all 3 the dollar has gone up as well as productivity since the last your on the chopping block episode. so by next year every ticket will be produced overseas and I will be looking for a job. So good bye 20mil turnover from the economy rather than 1.7mil profit = -18mil change
Privatisation and the expectation that it will result in cheaper prices baffles me, are public servants dumb, lazy and incompetent or all three that they cannot perform at a similar levels as a private company when they don't have the pressing need for profit. Reducing cost in making something need only be a management priority, failure to perform means no pay increase or dismissal. Public should be able to do it cheaper
You cannot just reduce the minimum wage without reducing everyone's wage it would just create an underclass. De-floating the Dollar would be a better method, as it would make our exports more competitive and as a result create more jobs.
What sectors are the new jobs coming in IT, Green collar jobs (saw this phrase 10 years ago with gov estimating 1mil green collar jobs) all require tertiary education, what about everyone else  not everyone has the personality for either
But you really have to look at a business and say well wages are a big cost but there are other cost wages are just the easiest for a company to control, need to save money fire some people. They can't just reduce power, water and material  costs
Free trade was the result of Argentina melting down as a result of massive protectionism, our gov took this on board and Keating started the trend but like anything moderation is the key, too little protection is also bad. So what about free trade agreements what can they do that is any worse than now.
Gas in not green it's just less black its a cop out to let the gov off the hook cause energy harvesting systems("renewable") are not up to the task (and never will be)
Our real problem is the economists we listen to them but they are worse than weather men for accuracy 
So how about we start collecting signitures to create the new Fair Go party and run at the next election

[Carples]

Also look up Untradeable Inflation = Government costs and untilities very constant and makes up a large section of the infalation figure.
So a number that is unaffected by the OCR can result in a negative inflation for the rest of the ecnomy why making the combined figure look good.

[cowcar]

i agree with ice on this one.. Protectionist policies never work in the long run. carples, you mentioned argentina.. it is a classic example of why these polices never work (and is currently heading in the same direction again).
De-Floating the dollar is a terrible idea.. for an example of why, ask the greeks if they are happy being part of the euro. In the old days, the drachma would have lost value due to greek government incompetence, and would have helped make exports competitive. Now, as their economy is a tiny fraction of the overall EU, the euro remains strong and their only recourse is austerity measures (they need these as well…).

And the reason government cannot deliver the same services as cheaper as private sector is exactly because public servants fit all of those descriptions , and more. Some services will always have to be public, but those that don’t have to be should be made private. People complain about Telstra since it went private, but in that time they have rolled out 4 new networks ( coax, gms, 3g and currently 4g, oh and added ADSL tech then ADSL 2 to their existing copper network) and kept prices at a competitive level. In the 80 odd years before that they rolled out 2 networks (copper and CDMA) and sat back with an over inflated workforce and high prices.

If you want to know why manufacturing is leaving this country, there are a couple of key reasons. First is the value of the dollar, but secondly and perhaps most importantly is workplace relations that have been put in place over the last 5 years. Productivity is plummeting, costs are going up. Why would anyone manufacture here? Added to this is increase taxation coming in the form of a carbon tax which will hit manufacturing in particular, and it doesn’t make sense to be in that business in Australia.

[Carples]

Maybe De- Floated is the wrong term, reserve bank should go back to adjusting the dollar to influence the economy.
Euro is a crap idea and prevents the currency for being devalued and got them in this shit.
Greece is the victim of a currency they cannot affect in any meaningfully way.
My work is closing and productivity is at an all time high mostly the result of the dollar. Every where I've worked Productivity is a driving force, work place relations are rarely a problem in my experience except at renegotiations.
I agree aggressive protectionism is bad it kills productivity and economies, but an unregulated floated dollar is killing the business and the economy as well. I think that there should be measures in place to protect our manufacturing and prevent dumping . Nearly every other country practices protectionism in one form or another. Protectionism would cause no decrease in productivity if business is to export only if the customers are all internal.
Manufacturing has been dying for longer than 5 years  current conditions are just pushing them over the edge. I would also question is it too expensive to manufacture here or is it just a little cheaper Overseas and what we are seeing are the results of increased foreign ownership of manufacturing businesses. This was what happened at my work if it was owned locally it would still be going in 20 years. But the USA Canada and Chile plants are all benefiting from Government protection.
 I also think the reserve bank should be using more measures to adjust the economy rather than just the OCR, pretty hard to drive a car with only one control.
So if manufacturing is to go then what employment for the great unwashed/uneducated masses we produce and import? opps sorry we can put them in the public service.
What do we do when the raw materials run out?
As for privatisation, well put the public service under the same performance conditions as the rest of us, their unions always whinge they want private conditions, and any condition from any industry. either that or pay them what they are worth minimum wage  not private performing wages, and cap public servant management to 100k, if they do a crap job what does experience matter? If we can privatise the Doll we can privatise everything.