Showing posts with label sector. Show all posts
Showing posts with label sector. Show all posts

Be Consistent Mr Abbott

The age of entitlement is over for Australia - unless of course you vote for the Coalition. This is the the message of the A$324 million drought package comes across to Australians living in cities. The motor industry got not support, neither did SPC. Eighty per cent of Queensland is suffering drought. It is a serious crisis. However, a government must be seen to be consistent.

Taking the hammer to trade unions is to be expected from a conservative government. The Liberal-National Government is not in the center politically in Australia. It is definitely conservative: plainly an anachronism that we have to live with. The National Party would bring back tariffs if they had the power, but they will remain Liberal Party lap dogs forever.

Of course, other countries put up barriers against agricultural imports, so Australia should do the same. However, how can a government say one thing and act in a contrary manner. It cannot be taken seriously. A turn here, a flip there - What will we get next?

The government is putting disability pensioners on the dole while giving businessmen, namely farmers, unemployment benefits. This is very odd behavior. Put everyone on welfare and be done with it. If Tony Abbott follow the aggressive cuts carried out by the Queensland premier none of us will have jobs.

None are so blind as those who will not see. The "free" market will not provide the essentials that people require to live decent lives. They won't build roads, distribute water or provide adequate communication technology to everyone. Conservatives still believe that the market reigns supreme. It is their religion. Reality is that the free market is grossly distorted in the world, with monopolies and oligopolies running roughshod over smaller businesses.
Politics by Ty Buchanan
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Neither Labor Nor Liberal Understand the Needs of Education

With fewer students choosing not to maths and science, or even worse doing badly in the subjects, there is a real shortage of people who can work in big data tech. Research scientists for universities are simply not there. Business pays twice as much as universities. Basically, universities need more money. The government is doing nothing about this commercial reality.

Labor took a big chunk out of university funding with its educational reforms. The Liberal national government has promised less for both universities and schools, despite the Abbott back down. Just what the government plans to do is unknown at present. The Gonsky reforms are up in the air. Some states are not yet on board and states who have signed want the money promised by Labor.

Universities are in the wings waiting for some kind of positive action by the government. If the Gonsky funding goes ahead there will very little left for the tertiary sector. Robbing tertiary to fund schools does not make any sense. Both should have got a larger slice of the money pie. This is like taking money out of high schools and giving it to kindergartens. It is not rational. Education is a complete working body, from top to bottom. Maybe Chrisopher Pyne was right in his claim that we need a new start, but his version announced as cutting future spending in all educational sectors is not on.
Education by Ty Buchanan
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Education by Ty Buchanan
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Australian Retail Problems Not Caused by the Mineral Sector

There is clearly something wrong with the Australian economy. We seem to in the same position of Indonesia several decades ago when it had oil and the high price was pushing up the value of the currency. A high currency makes it difficult for those producing "non-boom" products to export. That is why the US is printing more dollars to weaken the currency, improve the economy and create more jobs. Nothing much is happening for it though because the US dollar is the major international currency as gold used to be.

Just why Australian shopkeepers are crying fowl is more difficult to understand. A strong currency means imports are cheaper. Australians are very import dependent in their spending habits and buying cheap imports is what they like to do. They buy such imports over more expensive Australian made products, but this shouldn't hurt the bottom line of retailers.

They claim Australians are spending less. Though figures show this to be the case, spending is not that easy to understand. If people save, the banks have more money to lend out to business and those who want to go into debt. However, due to the financial crisis Australian banks have tightened up on lending criteria. They will no longer lend to those with no offsetting assets. In other words, banks are withholding money. This money is not active within Australia. It may be invested overseas by banks.

The retail sector is wrong to blame exporters of minerals, the economy in general or interest rates. Obviously, the cause of reduced spending is the behavior of banks. Government could force the hand of banks. It will not do this as politicians fear a bank crisis occurring here in Australia. Some European countries were devastated by the global banking crisis. Their governments lost billions in propping up banks by giving them money that borrowers could not pay back. It was taxpayers money they were "giving" away.
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Economics by Ty Buchanan
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We Have Never Had It So Good - Maybe

According to the Household, Income and Labour Dynamics in Australia survey we have never been able to buy so much with our income. Over the last decade income inequality has hardly changed, Wages have risen faster than inflation. Of course, we know that announced inflation is lower than real price rises.

Although Australia's debt is low compared to other developed countries, less than half of Australians believe this. Despite the good times, many are feeling down and depressed feeling that the country is not doing well economically. This is probably due to the negative political arena at the moment with any bad news being blown out of proportion, with political blame and counter denials being kept uppermost in people's minds.

We should be happy but the minority, politicians, are pulling us down. Things are certainly changing now with Chinese demand for primary products falling as well as prices producers receive. The new government, in September, will have to deal with rising unemployment. There isn't much doubt about this. Pressure to reign in national debt will mean job cuts in the public sector, and reduced government spending will push up unemployment.

The job market has structurally changed over the last 10 years. More people are in part-time and casual employment, good for business bad for job security. Welfare is being cut and will fall further as politicians take larger income rises for themselves and a "couldn't care less" attitude to the poor. Charities are feeding more of the less well off than they ever did before.

While incomes have remained the same, wealth inequality has risen. This continues as wealth is solidly held and increased by a few. The top 1 per cent have assets of $5 million. The bottom 10 per cent enjoy less that $10,000. Some of these have no assets at all.

Good times are not for everyone apparently.  We should be laughing or at least smiling.  If you are poor and without a job or assets you have to grin or grimace and bear it.  No help for you mate either today or in the future.
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Conservation
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