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The Forum > Article Comments > Economic depression, delusion and the media > Comments

Economic depression, delusion and the media : Comments

By Malcolm King, published 27/4/2020

Editors and corporations don't want the media agenda fixed and focused, on the incalculable damage the virus is wreaking.

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Funny old things, Australians. Thanks to his socialist, economy wrecking tactics, Morrison’s popularity has soared to the highest level of any leader since 2008. The funny bit is that the two parties remain neck and neck. So, Morrison is really wasting his time, and reputation among economic realists, by going all Left on us. He still has only an even chance this far out from an election. I think that the LNP will be rolled when the gimme, gimme money mob find out just how much spending will have to be cut; how much taxes will have to be raised, or ‘temporary’ levys struck, to pay for Morrison’s brain storm. Ta ta, Scotty. We are just not into 'leaders, like other peoples who have never had a proper figure head like a queen. We are not interested elevating a politician to glory. Take not, republicans.
Posted by ttbn, Monday, 27 April 2020 10:56:48 AM
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Alison Jane,
Where are you getting your anti-ABC lies from? Is the delusion that they have something against the app your own? Or did it come from someone on Sky News?

There's no rebellion against the government. They RIGHTLY discussed the concerns people have about the app AND HOW THEY'VE BEEN ADDRESSED!

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Alan B.,
Viruses generally don't mutate that fast, and most mutations would not make it sufficiently different from the original for the immune system to treat it differently. The likeliest effect of a mutation would be to make the virus less dangerous.

HIV is very different. That's a retrovirus, which means that its code is copied back to DNA from RNA. That makes the mutation rate much higher. There's no danger of coronavirus doing that. But the virologists have not yet completely ruled out the very unlikely possibility that it could hide from the immune system like herpes does.

And while it's now known that some cancer is the result of a viral infection, the idea that all cancer starts that way is absurd. Much of it is the result of smoking, and there are plenty of other known carcinogens such as asbestos.

>By attaching a few micrograms o the alpha particle, bismuth 213 to a virus antibody
>and allow it to seek and destroy the virus wherever it is hiding, as if it were a cancer?
That would be like using a sledgehammer to crack a peanut. The alpha particles it emits would do far more damage to healthy tissue than they would to the virus. Virus particles are small, and don't clump together like tumours.
Posted by Aidan, Monday, 27 April 2020 1:05:01 PM
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Excellent article. It did occur to me that our media were avoiding predicting too much where this lock-down would lead to prevent panic. Hard to imagine how those tens of thousands now with no income or gov support are coping?
I just read how our economy only holds up due to continuous and forever high immigration, to provide new consumers of homes, food, clothing, junk, and then lagging much further behind the needed infrastructure to support the increasing population. It is a ponzi scheme 101. I prefer life in the 70s so much more.
Remember when labour made it easy to get onto a disability pension to reduce the inconvenient unemployment numbers?
The leaners will soon outnumber lifters in Oz.
There is always much talk about the casualization of work but never the simple reason for it - an employer would have to be nuts to hire staff that they cannot sack - so they employ only casuals.
Our fool politicians have done an excellent job of converting a home into an over priced investment vehicle - by high immigration, high labour costs, and easy RBA created credit.
For any hope of recovery:
All barriers to employment must be destroyed. This means small business can hire and fire at will, and wages can be by individual agreement and not subject to gov mandated minimum levels. Right now I can't compete in the workforce by taking a lower wage as an older worker on pain of severe fines - this is not a free market capitalist system, it is communist - which we know does not work. The huge barriers to learning a trade and working in it must be removed. The artificial indentured slave model has to go, as well as the excessive regulation.
My conclusion is Australia is rooted - our chickens have come home to roost.
Posted by rayhines, Monday, 27 April 2020 1:32:28 PM
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Dear Allison Jane,

People were right to be suspicious about the tracking app. This government's record on this stuff is atrocious. The meta data collection which was supposed to be to combat terrorism is even being requested by councils.

http://theconversation.com/think-your-metadata-is-only-visible-to-national-security-agencies-think-again-121253

However due to rightful pressure from places like the ABC the rules have been dramatically tightened and I will be downloading the app, something I would not have done previously.

You can thank the ABDC for that.

Pauline Hanson is another fish altogether.

"I don't want them tracking me. I don't trust the government," she said.
"Why the hell would I let the government download my information?"
Posted by SteeleRedux, Monday, 27 April 2020 1:35:09 PM
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Private enterprise, free-market co-ops, were the only business model that mostly survived the Great Depression, largely intact. Have no peer for efficiency or productive capacity!

Although our resident mega mind and super genius, Adian, will find a link that claims otherwise?

And a good enough reason to ignore that anti-nuclear activist' claims, as the last thing a Putin puppet wants, is Australia to use this situation to rethink every ideological economic imperative, that took us away from our status as the world third-largest economy and a creditor one at that!

After a government-created employee and family co-ops, served by the cheapest energy in the world! And an absolute must, and our mos preferred private enterprise, business model, we need real tax reform that jettisons the scrambled egg tax system in favour o a universal unavoidable, flat tax, we all pay on income above a generous, tax-free threshold.

Benefits could stay around the new more generous level and pensions increased to retain parity, where evidence of loss.

Given the new system would end most, if not all, tax compliance costs, this would liberate around 7% and ale to be returned to the bottom line.

MEANING THE EFFECTIVE RATE WOULD, IN FACT, BE 8%, and a huge economic turbocharge, An even more so, given regional tax breaks and new development, tax holidays.

This is how we rebuild the economy and turn us into a superpower exporting electrical energy to an energy-starved world! And pay down a two trillion dollar debt inside one or two decades!
Alan B
Posted by Alan B., Monday, 27 April 2020 6:31:22 PM
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I agree with that Mal.

But keep in mind:

There have been a succession of plagues through the centuries which have all radically changed the face of day to day life. This one will be the same.
There'll actually be winners and grinners aplenty.

On the natuture of housing as the Ponzi scheme it is, many people before this moment have asked the question, how long can a deplorable situation such as housing people is, continue unchanged?

Good thing to crash it and reinvent from the ground up, ensuring that housing is actually and primarily that, a home that all can once again aspire to without a home becoming a nightmare of debt.
Housing is built from cheap material rubbish which should be given like value.
If a modern day home construction survives past the fifty year mark before white ants take it out, would be miraculous.

I agree with the plight of the young. It's mostly an abismil future subjected to the torment and arbitrary whims of landlords and realtors. I witness this abuse of young families daily. I don't like witnessing the abuse any more than they like coping it.
No wonder there is a drug epidemic.

The inequality of this system needs dismantling. It's an abismal and abusive one which more resembles slavery to debt and greed. And it should be " goodnight Dick" to that!

Dan
Posted by diver dan, Monday, 27 April 2020 6:50:50 PM
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