All things Politics

[Markfs]

I agree that it isn't all bad.

i used to be upset working for an employer and not sharing in the outcome, beside the wage, but now i'm living off workers across the world, I think its a pretty good system. I like it in particular because a lot of the money is generated through the work of miners and chinese workers, and it makes me feel good inside to think that i've got those pricks working for me. So capitalism is more than just making money without doing anything, it makes you feel important. I like that.

 

[sr36]

A decent home loan, a few ingrates in private school, etc etc.

The point was about progressive taxation. To generate the same amount of tax earn, the government needs about 9 people earning $100k or 28 earning $50k.

Hysterical calls that the world is ending because high earners look to minimise their tax bill are ridiculous. There are barely any avenues anymore. Compare it back to the good old days- Crocodile Dundee only got made because of the 10BA Tax Concessions.

I understood what you were saying and I agree - there was a good opportunity for a smart arse line However are the calls any more hysterical or ridiculous than the Liberal claims that people will stop being aspirational if a marginal tax rate doesn't drop from 37 to 30 cents. Thousands on good money won't want to earn anymore due to the difference between a 37 and 30 cent tax rate. The idea that high tax rates stop ambition is just silly.

 

[Markfs]

Anyone watch Media Watch last night on the reporting of Israeli conflict? It isn't just Australia either, the USA media is just the same.

The report made claims of the these media outlets dehumanising palestinians. I would argue that the wider australian community has already done that, particularly the government. The Australian caters to the people who buy its subscription. Would you criticise a tennis magazine for articles about fed being the GOAT? The Australian readership wants to see events portrayed the way they are, or they would drop their subscription. That's how capitalism works.

I think the Australian was right not to respond to questions from media watch about issues of fairness etc. The paper is obviously not using those factors in determining its content, although I recognise that it misrepresents itself often by saying that it does. It's become the norm for corporations to "sell" their product as they see fit. If the Australian sees value in portraying itself as being fair, should it be condemned? We dont condemn Bunnings for saying its products are good.

You have to wonder why the ABC has promoted this issue...

 

[Markfs]

Israeli supporters should watch this video. It supports the view that Hind Rajah died in a israeli exercise to kill hamas operatives.

 

[Carringbush2010]

The factor other than high tech here that limits competition is a small population. As pointed out in Four Corners last night - America has 5 large supermarket bodies whilst we only have 2 (Aldi only has 10% of the market). Our supermarket's margins are higher than those of the American companies. Competition in this sector of the economy is very limited.

Yep, not capitalism.

 

[Carringbush2010]

So basically like everyone else you want private enterprise that is regulated by the government and assumedly want the Government

And

to also participate in the economy in areas that aren't profitable enough for private enterprise

Not sure how you come to this conclusion

But unlike most you consider government intervention and participation in the economy to be capitalism.

Ummm no, not sure how you come to this conclusion.

Not sure how many times, I have to explain it.

Competition in a free market < that is its purpose.

That does not equate that intervention to regulate IS capitalism, regulation is required to keep it in check. Never once said that regulation IS capitalism.

And in terms of the basic principle of profit maximisation that is central to capitalism, you consider that to be the antithesis of capitalism?

Again, the >purpose< of capitalism is NOT what you've stated. Competition in a free market < that is its purpose.

Left unchecked, yes you have greedy aholes that will use that free market to eradicate the competition, like supermarkets.

My point is that everyone blames 'capitalism' when they should be blaming the aholes.

Look I'm not some capitalist fanboi, I'm just pointing out everyone's ill directed blame, but as usual everyone bunkers down, we get into to debate about what it actually is, and we end up down a rabbit hole.

Just call aholes aholes, not some non sentient economic model the cause of the aholes. That's all I'm saying.

 

[Carringbush2010]

The factor other than high tech here that limits competition is a small population. As pointed out in Four Corners last night - America has 5 large supermarket bodies whilst we only have 2 (Aldi only has 10% of the market). Our supermarket's margins are higher than those of the American companies. Competition in this sector of the economy is very limited.

Having 45 different inquiries into the supermarkets is such a crock of s**t. By only having 2 big supermarket chains, they get to pocket an extra roughly 2% of revenue compared to supermarkets in bigger economies with more supermarket competition - about $5 a week for an average Aussie shop. But by them being huge, they take advantage of economies of scale and are about 25% cheaper than shopping at the general store. Economies of scale can trump extra competition in terms of saving consumers money.

So tell me that the narrative isn't 'it's capitalism's fault'

Blame the aholes, not some non sentient economic model.

 

[sr36]

And

Not sure how you come to this conclusion

Ummm no, not sure how you come to this conclusion.

Not sure how many times, I have to explain it.

Competition in a free market < that is its purpose.

That does not equate that intervention to regulate IS capitalism, regulation is required to keep it in check. Never once said that regulation IS capitalism.

Again, the >purpose< of capitalism is NOT what you've stated. Competition in a free market < that is its purpose.

Left unchecked, yes you have greedy aholes that will use that free market to eradicate the competition, like supermarkets.

My point is that everyone blames 'capitalism' when they should be blaming the aholes.

Look I'm not some capitalist fanboi, I'm just pointing out everyone's ill directed blame, but as usual everyone bunkers down, we get into to debate about what it actually is, and we end up down a rabbit hole.

Just call aholes aholes, not some non sentient economic model the cause of the aholes. That's all I'm saying.

**** me. You've said it yourself: capitalism isn't sentient - it doesn't have a purpose. It's a model that has outcomes.

The reason why we use it as the base of our economy is because it is much more effective at responding to the market in producing what the market wants much more efficiently than a planned economy. However we need to modify it with a range of Government interventions into the economy as it can lead to monopolies or not produce things that are unprofitable. It can result in things we consider a human right to be unaffordable for many and if left unchecked it can result in a heap of environmental damage.

And you are a fanboi - such a fanboi that you refuse to understand that some of the things you consider negative are very much built into capitalism - price gouging for example. The basic principle of supply in capitalism is that you charge the price that miximises profit. The theory that you should only charge a set mark up is more aligned with a planned economy.

 

[vindaloo]

I'm sure people have thoughts on the new defense announcement. I'm assuming you are all in agreeance and that there's no real threat and that it's a waste of money?

Fears largest naval fleet since World War II not ready for war this decade

The navy will expand its fleet of warships from 11 to 26 vessels under a radical $11 billion overhaul designed to prepare for possible conflict in the Indo-Pacific.

www.theage.com.au

 

[Markfs]

I'm sure people have thoughts on the new defense announcement. I'm assuming you are all in agreeance and that there's no real threat and that it's a waste of money?

Fears largest naval fleet since World War II not ready for war this decade

The navy will expand its fleet of warships from 11 to 26 vessels under a radical $11 billion overhaul designed to prepare for possible conflict in the Indo-Pacific.

www.theage.com.au

wrong article windy......building drone ships is a good idea. No one stupid enough to enlist anymore.

‘Floating turkeys’: Is Australia spending $50bn on duds

The Australian armada is sinking under a mountain of debt as it chases projects some say aren’t fit for 21st century warfare.

www.theage.com.au

 

[sr36]

wrong article windy......building drone ships is a good idea. No one stupid enough to enlist anymore.

‘Floating turkeys’: Is Australia spending $50bn on duds

The Australian armada is sinking under a mountain of debt as it chases projects some say aren’t fit for 21st century warfare.

www.theage.com.au

I used to find turkey really dry and not very nice, but the last few times I've eaten it, it was delicious. Have we got a new super breed of genetically modified chickens on the loose?

 

[Carringbush2010]

* me. You've said it yourself: capitalism isn't sentient - it doesn't have a purpose. It's a model that has outcomes.

The reason why we use it as the base of our economy is because it is much more effective at responding to the market in producing what the market wants much more efficiently than a planned economy. However we need to modify it with a range of Government interventions into the economy as it can lead to monopolies or not produce things that are unprofitable. It can result in things we consider a human right to be unaffordable for many and if left unchecked it can result in a heap of environmental damage.

And you are a fanboi - such a fanboi that you refuse to understand that some of the things you consider negative are very much built into capitalism - price gouging for example. The basic principle of supply in capitalism is that you charge the price that miximises profit.

* me indeed!

We've gone round and round in circles to end up in, yep, you're blaming capitalism.

That doesn't make me a fanboi at all, I keep replying because you and everyone else keep bunkering down blaming it like it has an evil intent.

It's non *n sentient ffs!

If you wanna blame, blame the aholes not a flawed economic model.

The basic principle of supply in capitalism is that you charge the price that miximises profit, in a competitive free market

You forgot the bolded and probably the most important bit.

such a fanboi that you refuse to understand that some of the things you consider negative are very much built into capitalism - price gouging for example.

Price gouging IS NOT built into it and was never its intended purpose, and no it doesn't make me a fanboi at all. I keep replying because all of you dullards keep claiming that capitalism is something it's not.

Perhaps we best leave it there, I've made my point clear, if you all wanna blame a non sentient economic model then knock yourselves out.

I'm out of this circus.

 

[Markfs]

I used to find turkey really dry and not very nice, but the last few times I've eaten it, it was delicious. Have we got a new super breed of genetically modified chickens on the loose?

we need to get prepared for war....more robot planes and ships which dont have to worry about protecting the people who use them. It's the future of war....

 

[sr36]

* me indeed!

We've gone round and round in circles to end up in, yep, you're blaming capitalism.

That doesn't make me a fanboi at all, I keep replying because you and everyone else keep bunkering down blaming it like it has an evil intent.

It's non *n sentient ffs!

If you wanna blame, blame the aholes not a flawed economic model.

The basic principle of supply in capitalism is that you charge the price that miximises profit, in a competitive free market

You forgot the bolded and probably the most important bit.

such a fanboi that you refuse to understand that some of the things you consider negative are very much built into capitalism - price gouging for example.

Price gouging IS NOT built into it and was never its intended purpose, and no it doesn't make me a fanboi at all. I keep replying because all of you dullards keep claiming that capitalism is something it's not.

Perhaps we best leave it there, I've made my point clear, if you all wanna blame a non sentient economic model then knock yourselves out.

I'm out of this circus.

You're imaging blame, when there is non.

You want to rant and rave about high mark ups (emotivley called price gouging) yet want to say that capitalism is flawless.

Your two wants are incompatible, unless you change the definition of capitalism - which you've done.

 

[NMBB]

wrong article windy......building drone ships is a good idea. No one stupid enough to enlist anymore.

‘Floating turkeys’: Is Australia spending $50bn on duds

The Australian armada is sinking under a mountain of debt as it chases projects some say aren’t fit for 21st century warfare.

www.theage.com.au

Excuse us.

 

[leon123]

And

Not sure how you come to this conclusion

Ummm no, not sure how you come to this conclusion.

Not sure how many times, I have to explain it.

Competition in a free market < that is its purpose.

That does not equate that intervention to regulate IS capitalism, regulation is required to keep it in check. Never once said that regulation IS capitalism.

Again, the >purpose< of capitalism is NOT what you've stated. Competition in a free market < that is its purpose.

Left unchecked, yes you have greedy aholes that will use that free market to eradicate the competition, like supermarkets.

My point is that everyone blames 'capitalism' when they should be blaming the aholes.

Look I'm not some capitalist fanboi, I'm just pointing out everyone's ill directed blame, but as usual everyone bunkers down, we get into to debate about what it actually is, and we end up down a rabbit hole.

Just call aholes aholes, not some non sentient economic model the cause of the aholes. That's all I'm saying.

My memory is failing I guess, I always thought that capitalism was simply a means of production by the private sector. It can mean that there are competitive outcomes if the 'market' have competitive attributes, particularly many sellers and many buyers based on a homogeneous product. Again, Im mistaken, the theory that firms will seek to maximise profits via increased market share or anti-competitive behaviours to price above the marginal cost. I never was taught that capitalisms purpose was to solely produce competition, which is opposed to the firms objective of maximising profits... all under the umbrella of capitalism.

So I dusted off some text books to enquire about the theory of Aholes, how these aHoles dont fit in the model of capitalism.

I couldnt find a neat economic theory thats fits the aholes into capitalism or any other means of production, it must be an emerging theory in this space. Then Im thinking, how do we integrate these aholes into the equilibrium theory of demand and supply, I couldn't draw a line, rather a little hairy circle - difficult to interpret the results - very messy.

Writing up a report today re housing affordability looking at the major supply determinants. Im thinking, I'll just have to conclude its all about aholes. It will be difficult to explain well, client may ask who are these aholes, what do they look like, will these aholes go away, tighten or just get bigger.

I look forward to the next RBA meeting and their associated statements: "interest rates to remain steady due to the consistent prevalence of aholes'. Wont be known as the cost of living issue, rather the cost of aholes

 

[Carringbush2010]

You want to rant and rave about high mark ups (emotivley called price gouging) yet want to say that capitalism is flawless.

Never ever said or even alluded it was flawless, ever, in fact I have stated it is flawed in this thread.

Yet I'm an emotional fanboi

I'm not ranting and raving, I keep replying to incorrect posts.

Stop replying and I'll stop replying.

Are you willing to admit, that the model is not at fault and it is indeed aholes that are at fault? Or are you gonna assume guilt on something non sentient?

 

[NMBB]

My memory is failing I guess, I always thought that capitalism was simply a means of production by the private sector. It can mean that there are competitive outcomes if the 'market' have competitive attributes, particularly many sellers and many buyers based on a homogeneous product. Again, Im mistaken, the theory that firms will seek to maximise profits via increased market share or anti-competitive behaviours to price above the marginal cost. I never was taught that capitalisms purpose was to solely produce competition, which is opposed to the firms objective of maximising profits... all under the umbrella of capitalism.

So I dusted off some text books to enquire about the theory of Aholes, how these aHoles dont fit in the model of capitalism.

I couldnt find a neat economic theory thats fits the aholes into capitalism or any other means of production, it must be an emerging theory in this space. Then Im thinking, how do we integrate these aholes into the equilibrium theory of demand and supply, I couldn't draw a line, rather a little hairy circle - difficult to interpret the results - very messy.

Writing up a report today re housing affordability looking at the major supply determinants. Im thinking, I'll just have to conclude its all about aholes. It will be difficult to explain well, client may ask who are these aholes, what do they look like, will these aholes go away, tighten or just get bigger.

I look forward to the next RBA meeting and their associated statements: "interest rates to remain steady due to the consistent prevalence of aholes'. Wont be known as the cost of living issue, rather the cost of aholes

Quick update - we're a-hole free.

 

[leon123]

Never ever said or even alluded it was flawless,

So your saying there is a crack in your ahole theory

 

[NMBB]

So your saying there is a crack in your ahole theory

Or maybe an ahole in the crack theory?

 

[Markfs]

Excuse us.

View attachment 1909223

sorry NMBB, I was wrong to say that. Not enough people are stupid enough to enlist anymore. I apologise to those that do, but people with money dont enlist.

 

[JB1975]

Never ever said or even alluded it was flawless, ever, in fact I have stated it is flawed in this thread.

Yet I'm an emotional fanboi

I'm not ranting and raving, I keep replying to incorrect posts.

Stop replying and I'll stop replying.

Are you willing to admit, that the model is not at fault and it is indeed aholes that are at fault? Or are you gonna assume guilt on something non sentient?

You've been ranting for 24hrs and you're no closer to making any sense.

And nor have you even begun to talk about the processes of production, as if capitalism is all about pricing and consumption.

I've rarely heard someone dribble on so much about a topic they have few real clues about.

Feel free to 'leave the circus'. Clowns are rarely funny anyway.

 

[Carringbush2010]

So your saying there is a crack in your ahole theory

Lol, mock away Leon.

Don't see you mocking those that somehow see a non sentient economic model as something to place guilt on, which is the whole point.

If you all wanna go down that path, well then you all deserved to be mocked.

 

[vindaloo]

No, Max, we don’t really have a million vacant houses

The Greens housing spokesman says the empty homes recorded in the census means supply isn’t the cause of the housing crisis. The reality is quite different.

www.theage.com.au

 

[Carringbush2010]

You've been ranting for 24hrs and you're no closer to making any sense.

And nor have you even begun to talk about the processes of production, as if capitalism is all about pricing and consumption.

I've rarely heard someone dribble on so much about a topic they have few real clues about.

Feel free to 'leave the circus'. Clowns are rarely funny anyway.

Oh yes JB of the greatest intellect ever known to humanity.

How could I not see my failings?

Apologies everyone, JB has spoken.

Not gonna apologize for my sarcasm.

Get off ya high horse JB.