Ritualised Forms

Homage to Contemporary Bullshido

Category: Bullshido Masters (page 1 of 2)

No bullshit like Innes Immigration ‘compact’ bullshit

We had an A grade example of the type of parallel universe Australia’s mainstream media has descended into late this week.  A completely false story given prominence in the national media by the Australian, which was then picked up by various other of Uncle Rupert’s stable of bullshit sheets, but which sadly even made it beyond that – all without a single shred of fact, and all without anybody in the land of Uncle Rupert or beyond thinking to check, or even think about, the main line of the story being reported.


Better still it shows how easy it may be to get a view into the public domain and have it picked up, with a mobile number, and a basic website splashing about a few logos, to create a Potemkin public ‘movement’.  And from there we can get a sighter into the sort of desperado vested interests who’d go there to try and stoke public opinion.


………The story begins with this piece which was shat into the Rupertarian on Thursday night Continue reading

Censorship, government, gargoyles corporate tax cuts, and the fraudulent use of ‘Exclusive’

The ABC’s chief economics correspondent Emma Alberici.

In a fairly spectacular piece of ideological constipation the government decided late in the week to have an article pulled from public domain about corporate tax cuts and the relationship of these with wage growth.

The article – still available here – by ABC journalist Emma Alberici, which I thought well written, essentially posited that there was bugger all relationship between corporate tax cuts and wages growth.  Beyond that it noted that in Australian’s case corporate taxes were not particularly onerous and that a large number of companies didn’t pay them, that corporate taxes had a marginal relationship with investment decisions, and that if Australian corporate taxes were reduced then the biggest likely beneficiaries would be large multinationals and investors in these rather than employee wages. Continue reading

A thousand steaming words about Australian debt

It’s another Jess Irvine piece.  You won’t get it because Jess didn’t get it.  She writes with all the aplomb of someone who has read about what Paul Keating said to John Laws back in the winter of 1986, but has never thought about it all that much – she sure as hell doesn’t remember it the way many people will.  You come away from this 1000 words of shinola with the idea that Jess has never known debt and its impact on the national economy going bad, and probably has never been in a situation where she (or her family) owes a lot of money and is concerned about whether they will have a job in six months.  If this is what Fairfax is now stooping to serving up, then I hope she doesn’t have a large mortgage – for the end may come quick.

A trillion dollars in debt, but no ‘banana republic’


Jessica Irvine

On May 14 1986, treasurer Paul Keating delivered his famous warning that Australia risked becoming a “banana republic”.

The comment was a reaction to figures showing the biggest current account deficit ever recorded, at 6 per cent of GDP.

Low commodity prices, high government debts and high interest rates were, indeed, crippling the economy.

Continue reading

A(nother, spurious, incoherent) trope fig leaf over Australia’s economic malaise from the Fairfax 2nd string

As it makes it way gracelessly towards a post journalism future Fairfax is becoming a study in downsizing organisations, between the plethora of last comments from skilled writers who have shaped the way Australians see themselves and the world over a generation, to the desperation resonating exhortations of those still on the books as a guide to how desperate they are to remain thus.

Jess Irvine is one of the latter.  She regularly tees off with incoherent economic diatribes as a sort of backfill spakfilla when Gitto or the Pascoemeter take holidays, and occasionally limbers in with some reasonably pertinent observations on social phenomena (notably housing).  Sadly, todays serve is one of the former – another vacuous incoherent chunder of utter bilge revolving around the economy and labour economics, with a dash of an anti-Union slant.

I don’t have a problem with an anti-Union slant, and for a decade was an industrial relations official on the employer side for some of Australia’s larger employers – so I have seen them carry on with some weird shit.  But that same experience has led me to the view that the reason for the enduring popularity of Unions in some sectors of the economy is that any given management is highly likely to be carrying on with shit which is every bit as weird, and as far as most employees of their workplaces is concerned is likely to be far more pernicious shit in terms of impacting on their conditions, incomes, and the way they do their work.  In many workplaces it takes the form of a fairly vicious form of workplace politics, which can shape everything from hours worked to promotion or training opportunities, to allowances and workplace safety.  Depending on the workplace it can become serious.  And in many of those workplaces joining a Union makes sense as far as an address to those circumstances is concerned, and ultimately joining a Union is just another manifestation of the safety in numbers and organising in response to a threat phenomena – albeit where the threat is management.

And so we come to todays piece which ostensibly takes snippets of the Australian economy as it is, and attempts to make it stand up as an argument for more education to generate more income and then skips around aimlessly describing whatever economic thoughts have come to Jess at the time ……… Continue reading

Bronwyn’s entitlement ghost comes back as Ministerial pox

It’s been pretty hard for anyone in the wider public to think that parliamentary privilege abuse has been simply a matter of ‘just a few bad eggs’,  but the revelations of the last couple of days have been staggering.  We can now be 100% certain that what we thought was just a bad cold sore on the lip of Australia’s body politic is the tertiary stage of Australia’s parliamentary entitlement pox.

It doesn’t matter where you look, there is no avoiding the grotesque sense of entitlement our politicians have.  Even Australia’s mainstream media have twigged to the possibility that while our politicians are sending out debt collectors on an algorithm generated witch hunt, a completely different set of rules applies to them. Continue reading

Easy Economic Blowjob offered by Population Ponzi Junky

As the credulity of the Australian population gets ever more stretched on the subject of migration the beneficiaries of Australia’s migration on steroids approach to economic policy are starting to get the idea that it is being substantively questioned.

Jess Irvine has outed herself recently as a business journalist who didn’t get GDP growth. She now returns as a business journalist who can’t see the economy past a daily hit of extra bums on seats, and who has outed herself with this piece as someone who isn’t so much a business journalist but an intellectually shy spruiker for whatever lobby requires one. And one with some major comprehension issues at that. Continue reading

Australia, Australians, Australian politics & Immigration

Neither the current Liberal-National coalition nor the Australian Labor Party have shown any inclination to level with the Australian people about the economic predicament we find ourselves in – massive private debt, an economy which has been stripped back by government policy (both sides of politics) to doing nothing more than exporting dirt, or growing things on top of it, to earn national income.

That earning capacity is largely in the hands of international capital (of the kind marketing through Singapore or Panama to minimise taxes and maximise returns for shareholders somewhere other than Australia) when it is involved in digging things out of the ground. When it comes to growing things on the ground much of the growing is still done by local but the choke points through which it is exported or processed are largely controlled by foreign interests.

We have dealt ourselves out of the game of generating income through applying our brains – of being a price maker in any field whatsoever. We offer only overpriced services of interest only to those in Australia or those who want to be in Australia (for whatever reason) – and the world’s most expensive real estate, serviced by the world’s most indebted population, employed in the world’s most uncompetitive economy. It’s almost comic. Continue reading

Examination of Foreign Buyer Legal Status causes Cancer – Property Council of Australia

Government proposals requiring real estate agents to look at the passports of buyers in order to prove their identity and basis for buying Australian real estate have been likened to requiring yellow stars on their clothing by the Property Council of Australia, who have also warned about the health impact on ‘honest Australian property speculators’

‘University tests have shown conclusively that imposing buyer identification requirements increases the risk of tinea cruris, thrush and ringworm on potential families looking to purchase their first home in Australia’ said Andrew Mihno – Executive Director International Capital Markets  – of the PCA before adding ‘and it is common knowledge that requiring anyone in the real estate industry to look at who is buying houses is highly carcinogenic and related to higher incidences of testicular cancer, lung cancer, spleen tumours and polyp formations on the forehead of those required make enquiries.  This proposal entails risks which would need to be factored in, and would lead to higher transaction costs for vendors.’ Continue reading

Gitto, the Pavlovian economic oracle conditioned to ignore questions

Foreign investment, the economic stimulus we love to hate



If foreign investment in Australian businesses is so unpopular with so many people and such a hot potato for Malcolm Turnbull and his government, why do we persist with it?

Short answer: because we prefer our material standard of living to go up, not down.

If foreign investment in Australian businesses is so unpopular with so many people and such a hot potato for Malcolm Turnbull and his government, why do we persist with it?

Short answer: because a generations worth of economic mantra has conditioned us to think that taking more foreign investment is the only way to raise our living standards (despite evidence that, for the majority of us, that probably isn’t the case unless we take on loads of debt). Continue reading

Treasurer: ‘Truth is a Weapon of Mass Destruction’ for Australian banks

Headline could easily read

Treasurer: ‘Truth is a Weapon of Mass Destruction’ for Australian banks

But the AFR in its reportage of Scott Morrison’s comments came in with a more sedate

Scott Morrison says bank royal commission a ‘whinge’ that undermines confidence

Treasurer Scott Morrison has accused Labor’s Bill Shorten of undermining confidence by continuing to call for a royal commission into the banking sector, saying it was a “populist whinge” that would “start a fire”.

Treasurer Scott Morrison has accused Australia’s banking system of being so feeble and averse to examination that the slightest thought of looking at what it does could bring the lot crashing down, and the ancient trick of screaming ‘fire’ to try and get everyone looking somewhere else. Continue reading

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