col, the system supports the speculators over the builders. farmers and manufacturers are paying higher interest rates because of the speculators (sponges of society) who then socialise their losses.
farmers who put food on our table and manufacturers who provide jobs to our communities should not pay the piper for the sponges in our society. i am sure you can self-identify with the sponges who are really oxygen thieves

Slasher “col, the system supports the speculators over the builders. farmers and manufacturers are paying higher interest rates because of the speculators (sponges of society) who then socialise their losses.”

In any market situation, some folk seek to avoid risk and concentrate on doing what they do best like building, farming, manufacturing etc.

They seek to minimize the monetary risk associated with future prices (either buy or sell) and insure by taking up or placing contractual agreements at secure future prices.

The folk who then act on the other side of what amounts to those “hedging contracts” are who you call “speculators”.

I suggest, before you criticize or seek to curtail the counter-cyclical influence of so called “speculators” and their influence on markets and market prices, you go back and clearly define and qualify what you mean.

Because, thus far, your assertion to the sponging influence is just a bunch of unproven emotional knee-jerking.

To “i am sure you can self-identify with the sponges who are really oxygen thieves”

I do not “self-identify” at all.

So, if you want t have a swing at me try and make it a good or original one, because that one was fresh back when Moses was a boy.

But to “sponges” and “oxygen thieves”- examples

The multiple array of parasites who see public welfare benefits as a career option,

Those young women (just slags really) who get banged up for the baby bonus,

The dross who demand public housing because they are too stupid or idle to organize a mortgage.

The “Gimme-Gimme’ wailers who lack sufficient intellectual comprehension to cast an effective vote and so go for the politician who promises the most, yet they are too stupid to understand, it will cost 3 times the benefit gained because of the administration by a bunch of otherwise pointless and parasitic civil servants.

would you like me to go on?

Do away with those “oxygen thieves and sponges” and the Australian economy would kick along like it existed within an "social" as well as "economic" Utopia.

Welcome to Col Rouge World, Slasher. Here are some survival tips:

- It's 1957 forever. Houses are affordable, women are be glad to have a man, no matter how violent or abusive, or they are sluts, regardless of their situation or story. Brown people are subhuman and only fit for exploitation. Most importantly, market capitalism is ascendant, stable, honest, and investment bankers are the finest, most moral and talented people in Western society.

- People are only motivated by money. Claims to any other drive are fraudulent. If you wake up at 5am on a weekend to serve soup to homeless elderly people, you are part of the feeding old homeless people industry, and thus no better than Big Tobacco.

- For simplicity, everyone in the country can be categorised as a Parasite or an Angel.

Parasites include people on low wages, foreigners, anyone without a share portfolio, artists, charity workers, and anyone who represents a new or challenging concept.

Angels are people such as hedge fund managers, corporate executives, and, most eminent, the brave employers who fight evil unions to get improved workplace conditions and employment opportunities for Australians. If it wasn't for employers and business associations, the unions would still be sending children into coal mines for a subsistence wage, seven days a week, and taking every opportunity to export Aussie jobs to the third world.

So, the next time you try to make an argument based on facts and observation of the real world, remember that this is the unshakable set of assumptions you're up against.

Sancho, you just brightened up my evening with that wonderful synopsis.

I'm sure Col will see the funny side - won't you Col?

Sancho “So, the next time you try to make an argument based on facts and observation of the real world, remember that this is the unshakable set of assumptions you're up against.”

I can only assume Sancho prefers to criticize others for holding a view than actually present a view himself… afraid it might be pilloried.

Typical of the socialist coward, tear down reason and offer up nothing.

As for Sanchos parody of life…

well what could we expect when it is a projection from someone so bereft of moral character, than the worst excesses of human deprivation and yet even that deprivation is better than the mass terror and mass starvation which the Robespierres and Lenins inflicted on their communities in the name of “the committee for public safety” and “Liberty, Fraternity and Equality” (Robespierre) or the universal poverty which is the product of Communism (Lenin).

It was, afterall Lenin who observed “the goal of socialism is communism”

I am left to believe Sanchos feels we should all be as materially and intellectually "impoverished" as him.

That might be what he believes but I don't...

To "Regulation" of business activity

People who bet on outsiders or follow stupid promises of high returns have only themselves to blame.

"Ham-stringing" the prudent with layers of pointless regulation never reduced the risk-blindness of the stupid, indolent and reckless.

We are all better served being cautious for our own sake, rather than pretend some distant bureaucrat will really give a rats when all that politicians are interested in is "power" - especially socialist politicians and their civil servant lackies.
As for Sanchos comment “People are only motivated by money.”

Yes well the socialist dross probably are but those of us who can think and aspire to more than “survival, food and shelter” know the true richness of individuality and self-realisation.

Unfortunately, such aspirations are way beyond Sanchos comprehension, so even mentioning them to him is a complete waste.

"Parasites", "slags", "socialist dross".

Forgive me for tearing down reason and offering up nothing. I was dazzled by your display of mature explanation and articulation.