Ritualised Forms

Homage to Contemporary Bullshido

Category: News & Bullshido (page 1 of 3)

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

Bullshit from Hong Kong – the SCMP spouts off on the Bennelong by-election

There are times when one starts to assume that Bullshit, for lack of a better word, is so manifestly redolent of the Australian media world, that one forgets it is the purview of the media across the world.  This week we have an absolute pearler of a reminder from one of Asia’s pre-eminent media organisations……

The South China Morning Post is a paper I have long had a lot of time for.  Most weeks it has a number of genuinely good reads, and it is always insightful on how China sees and reacts to the rest of the world.  But this week it has laid a solid turd on Australian-Chinese relations, and the implications of the by-election in Bennelong this weekend.

TURNBULL IN A CHINA SHOP: CAN BEIJING BOGEYMAN SWAY AN AUSTRALIAN ELECTION?

Prime Minister Malcolm Turnbull helped create the anti-China paranoia gripping Canberra. Now, as a backwater ballot in Bennelong provides a litmus test for Sino-Australian relations, it’s coming back to haunt him

BY ECHO HUI ANDREW RAINE

16 DEC 2017

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’

http://www.theage.com.au/business/the-economy/a-trillion-dollars-in-debt-but-no-banana-republic-20170629-gx1pb1.html

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

Monopoly-Capitalists slam faux population ponzi limitations as capital extraction impediments

Global capital elites slam faux population ponzi limitations as capital extraction impediments

Global oligopolists and a leading neo feudalism brand management guru have savaged the federal government’s visa changes, accusing them of being the leading edge in questioning a generations worth of Monopoly-Capitalist mantra which has paved the way to Australia’s economic malaise and suggesting that a nation with a higher foreign born population than any other in the OECD is labelling foreigners unfairly.

Coca-Cola Amatil managing director Alison Watkins, Woodside chief executive Peter Coleman and GE president Geoff Culbert described changes that will further restrict access to Australia’s visa system as hypocritical and retrograde. They also noted that all three ran businesses which focussed on minimising profits in Australia insofar as they related to taxation payments made here, were happiest when their employees in Australia were paid least, and found fresh migrants the the most committed to corporate values and behaviours while being most expendable without complaining about their minimum.

Former World Trade Organisation director Pascal Lamy lashed out at changes spurred by the global populist phenomenon.

 “We have spent 35 years broadening the scope of global trade for the 1% who control more than half the world’s earnings just to extract ever more from the rest, and free trade and importing cheap labour from elsewhere has been our key leverage tool. Just because highly indebted former middle class types are upset about having their pay outcomes offshored or their services undermined by taxation avoiding multinationals, doesn’t mean we shouldn’t look at the upside. Australians shouldn’t underestimate how good this is…..’  Continue reading

Public Policy Failure – We enjoy the pain

Australia has, to put it bluntly,  a public policy BDSM obsession. We like our public policy to inflict pain on ourselves and others, and when it comes to public policy failure, contemporary Australia is the definitive experience.  If our government was to propose Australian citizens  drop their strides and lower their buttocks over a white hot pointed steel pole, and if the media were to follow up with a vigorous discussion on the relative merits of white, red or blue hot poles, and the degree to which they should be pointy, or of the vast array of aromas searing flesh can produce, it would be perfectly in keeping with what we have.

If there was such a thing as Olympic Gold Medals for national economic self-harm then Australia would be legend. Monty Python at their most biting were nowhere near as grotesque as a nation which has (inter alia):- Continue reading

Sanctimonious windbag’s 1800 word point free immigration chunder

Next populist showdown is all about immigration 
• Paul Kelly, Editor-At-Large
• The Australian
• 12:00AM March 4, 2017
http://www.theaustralian.com.au/opinion/columnists/paul-kelly/next-populist-showdown-is-all-about-immigration/news-story/2bd84bdb6c3c5be77c3e67683d8dab3a

Although normally firmly against putting the contents of the Rupertarian anywhere near anyone’s mind, I find myself again in the position of needing to highlight one of Uncle’s pieces – for the purpose of highlight just how banal they can be. 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

The Punterariat’s Economic Patience Runs Out

With the Brexit vote in June and the Donald Trump win in the U.S. Presidential election in November 2016 delivering an electoral riposte to a generation of increasing globalisation, Gunnamatta spoke with David Llewellyn- Smith and Leith Van Onselen about how the Australian economy is currently positioned, and of the implications for Australian economic policy and politics of any potential de-globalisation sentiment. 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

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