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Living standards fall as unreliables rise : Comments
By Geoff Carmody, published 16/8/2024Without more pie, announced policies claimed to boost incomes for all will fail. 'Magic puddings' are the fantasies of Bunyip Bluegum and Norman Lindsay.
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Posted by Taswegian, Friday, 16 August 2024 8:12:11 AM
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How much higher do people want ‘living standards’ to be than they already are in the First World, the ungrateful whingers!
Particularly as they don’t want to increase productivity! They just want more, and they want it given to them. Marxist-style governments are happy to give them more (as long as the money lasts, then they borrow), but at what cost? Tyranny is the cost. More and more control. “Unreliables” will mean less production, and less money, but mass immigration and multiculturalism (no binding values) will do the same. Import the Third World, become the Third World. Unemployment is back to 4.5% (latest figures last night). But, still more immigrants come. Posted by ttbn, Friday, 16 August 2024 9:32:11 AM
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Geoff Carmody's attempt to argue that shifting focus towards renewables has a negative impact on productivity and reduces living standards fails to give weight to the broad economic, environmental, and social context of the transition.
The costs of renewable energy technologies are plummeting and already have lower operational costs. Add to this the fact that this transition period will eventually come to an end, and you have in front of you sources of energy production that actually support economic growth and improve living standards over time. Carmody further ignores the costs related to air and water pollution, climate change, and public healthIssues linked with fossil fuels. Disposable income and GDP growth are incomplete indicators of economic welfare and the effects of energy policy. GDP measures the total value of goods and services produced in an economy; it doesn't include distribution of resources or how environmental factors actually affect the long-term stability of the economy or human health. The argument that we don't have a comparative advantage in renewable energy production because we import much of the required equipment overlooks the abundance of sunlight and wind our landscape provides us the opportunity to harness. Carmody focuses on the wrong aspect of comparative advantage to make it look like Australia can't help lead the transition. This is one lame way to argue renewables are a bad deal: ignoring long-term benefits and broader context of environmental and economic sustainability by relying on some cherry-picked economic data and simply ignoring global trends. Posted by John Daysh, Friday, 16 August 2024 10:21:08 AM
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More conservative clap trap that this site is famous for.
Posted by Paul1405, Friday, 16 August 2024 11:20:05 AM
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I think renewables is a very good name for them.
They have to be RENEWED every 25 years ! It is a bit like the electric car idea. They are promoted to reduce co2 emissions. Well I have news for you, the reason the car companies are so keen on them is because the oil companies announced they were getting out of the oil industry ! The cost of finding new oil fields and then developing them is too expensive. Shell & BP have announced it publicly, the others just mumble about it. Posted by Bezz, Friday, 16 August 2024 11:57:04 AM
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Renewables will suffocate the Planet with pollution before a single positive & actual renewing will occur !
Posted by Indyvidual, Friday, 16 August 2024 1:56:55 PM
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Talking about living standards, watch this:
https://www.youtube.com/watch?v=iipyP_v6210 Posted by Indyvidual, Sunday, 18 August 2024 11:45:16 PM
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Looks to me like the pragmatic, clear thinking Australian has become extinct already ! Anyone please prove me wrong !
Posted by Indyvidual, Monday, 19 August 2024 6:41:19 PM
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Indyvidual- I found the video on Thomas Sowell interesting. Kudos.
Posted by Canem Malum, Monday, 19 August 2024 6:50:24 PM
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Australian Public Servants who are already overpaid just got a 12% payrise over three years.
The 'fair go' policy doesn't apply to bureaucrats by the looks of it ! Our Council rates just went up 5.7% but services didn't budge a bit. Posted by Indyvidual, Thursday, 22 August 2024 8:16:36 AM
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Amazing how the parasites refrain from discussing issues caused by them affecting working class people.
Posted by Indyvidual, Saturday, 24 August 2024 6:40:59 PM
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Interesting that aged welfare has increased by 17.5% for "old snouters" over the past 3 years, while their productivity increase has been a BIG FAT ZERO! Productivity probably went down as they are all getting older, and consuming more resources! Whose overpaid and whose getting the biggest increases, "old snouters" that's who! Can you justify this massive take from the taxpayer Indy!
Posted by Paul1405, Saturday, 24 August 2024 7:04:03 PM
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Parkinson's Law says that the number of new bureaucrats in a department is inversely proportional to the number of reports produced.
http://en.wikipedia.org/wiki/Parkinson%27s_law#Formula In line with Indyvidual's 12% pay increase comment it seems that perhaps the number of reports produced also follows an inverse law with pay rise. Perhaps Departments should sack the HR Commentariat/ Commissariat. Posted by Canem Malum, Sunday, 25 August 2024 7:45:09 AM
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while their productivity increase has been a BIG FAT ZERO!
Paul1405, Amoeba, you should consider the fact that old age pensioners are the ones who keep the local economy going more than the bureaudroids who stash all their income. The pensioners spend money they receive from their 50 year+ contribution. The bureaudroids who produce nothing also spend nothing here but they spend their A$ mostly in Asian countries on super cheap holidays. Posted by Indyvidual, Sunday, 25 August 2024 7:29:16 PM
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Indy,
We should return to the good old days, and wind old aged welfare back to its original level of 1909....ONE DOLLAR A WEEK! What's this about, "The pensioners spend money they receive from their 50 year+ contribution." You said you got the sack from the public service for incompetence when Gough came to power in 72, yep that's 50 years+ on welfare. Why are you calling me "Amoeba" that's insulting I only call you Indy short for your nick. Anyway they are opening a 'Gods Waiting Room' in Bali so Asian holiday for you Posted by Paul1405, Monday, 26 August 2024 6:16:17 AM
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We're seeing this happen with several green hydrogen projects failing to achieve liftoff. Both Whyalla and Pt Kembla were supposed to make green steel instead they've both relined their traditional blast furnaces that use coke. You have to wonder if we'll still have four aluminium smelters by 2030. Other forms of mineral value adding such as rare earths refining and battery making may not get far, all because the high energy input is unavailable. China has no qualms about green manufacturing, they simply use coal.