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The Forum > General Discussion > Long Lockdowns Might Risk an Economic Collapse

Long Lockdowns Might Risk an Economic Collapse

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All business relies on other companies and government to supply goods and services.
The result is a network of supply paths.
I know that because of the multiple paths many consider this to be
a reason to believe the system is very resilient.

Can the increasing stress on the system result in a point being
reached where a breakdown may happen quite suddenly,
as a few critical companies or government organisations such as
railways, airport support, fuel supply cease ?

The collapse could be sudden and widespread over a few days.
Posted by Bazz, Monday, 16 August 2021 5:35:33 PM
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Not can we reach breakdown Bazz, but when.

So many of the little blokes are already past survival, & it is very near when most of them will fail.

They have all their cards played betting on the jab to save us. When it doesn't it will be too late for any cure of the virus to save the economy. We are stuffed, & it is our own doing.
Posted by Hasbeen, Monday, 16 August 2021 10:14:11 PM
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One thing that is evident during the pandemic is the inability of Capitalism to deal with a sudden economic crises brought on by a health crises, and the need for government to resort to Socialists measures to keep the economy on life support. Liberal debt is in the order of one trillion dollars, and growing.
Posted by Paul1405, Tuesday, 17 August 2021 6:25:52 AM
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Where are all the fiscal "experts" now ?
Posted by individual, Tuesday, 17 August 2021 7:20:10 AM
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I have a recollection of reading about network theory like, what I
suggested above. It was something along the lines of a very large
number of network connections do not guarantee against collapse but
in fact make it susceptible to sudden collapse.

Paul, I think a socialist system as has already been demonstrated
can collapse without any strain at all !
I suspect it could never get too complicated because of the overhead
of the bureaucracy. They collapse before they get complex.
Posted by Bazz, Tuesday, 17 August 2021 9:29:50 AM
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Never in human history have we been so inter-dependent on each other for survival and society itself is often like a deck of cards. The vast majority of the population is non-productive in a true sense and economies are dependent on consumption. People fighting over toilet paper today could as easily be fighting over food and clean water tomorrow under other circumstances.

In the end we can only be saved by governments because "the market" is incapable of getting us through this or any other global event.
Posted by rache, Tuesday, 17 August 2021 4:26:37 PM
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Now you have me really worried rache, if we expect Governments to get us out of this we are really stuffed.

You only have to look at WW11 to see disaster when governments make choices. Those that had freedom of choice stuffed up winning positions to lose totally.

Oz is a prime example. Could there ever have been a more ridiculous decision than Canberra? Moving the huge number of bureaucrats to a separate city, where they can incestuously go about their business of stuffing everything they touch, unmolested by the public much more completely than amidst a city of tax payers could not be more stupid.

As I have said before, god help us.
Posted by Hasbeen, Tuesday, 17 August 2021 4:59:03 PM
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"In the end we can only be saved by governments"

Well, given that it was governments that got us in this mess, I rather doubt the governments can save us. Its like saying the only way to stop a drug addict from ODing is to give him more drugs. The only way to save the patient from cancer is to pump more cancer cells in.

The only way governments can save us is if they get the hell outta the way. But governments don't and can't do that. Apart from anything else it'd require the current leaders all around the country admitting they were wrong from the outset. And that's never gunna happen.

So we'll continue to circle the drain and they'll eventually move on to BHP directorships, or university sinecures or plum jobs with the UN, returning occasionally to the ABC to tell us none of it was their fault.

T'was always thus.
Posted by mhaze, Tuesday, 17 August 2021 6:01:32 PM
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Read up on THE GREAT RESET and Covid and ONE WORLD GOVERNMENT. The Scripture predicted it 2,000 year ago and various Nations have attempted it, but only with World economic collapse of small business will this allow one wealthy nation to rise above all others. Whose assets belong to the State and whose economy is not dependant on small businesses.
Posted by Josephus, Tuesday, 17 August 2021 9:33:03 PM
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Come off the grass Paul, It was only the injection of capitalism into the business & financial sectors that saved China & Russia from their communist disasters.
Posted by Hasbeen, Tuesday, 17 August 2021 10:51:14 PM
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Ronald Reagan said that there is no problem that governments try to fix they haven't caused themselves in the first place. Or words to that effect.
Posted by ttbn, Tuesday, 17 August 2021 11:03:48 PM
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If government can't do anything, care to nominate how the capitalist system alone will fix this?

Maybe Gerry Harvey could offer a free vaccination to his customers with every purchase or you could order them on-line via Amazon or click-and-collect your Pfizer from Bunnings?

For those too squeamish to inject themselves maybe Pizza Hut could offer an injection home delivered along with each garlic bread?

Other than profit, what would motivate a business to help anyone but themselves?

Also it was capitalism that eagerly outsourced it's manufacturing and many of its jobs (and emissions) to China and not the other way round. It looks to me that China is beating the West at it's own game.
Lenin said 'When time comes to hang the capitalists, the Capitalists themselves will sell the rope for that.'
Posted by rache, Wednesday, 18 August 2021 1:39:01 AM
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Bazz, I support the status quo for a tranquil society, a mix of free capital tempered by socialist restraints. In that way the society enjoys the advantages that entrepreneurial capitalism brings, something forms of pure Socialism can never do (Soviet Union). However unrestrained capitalism is a dangerous beast, too many in society sink to the bottom, whilst the very few rise to the top, it doesn't allow for a large prosperous middle class, which is necessary for a stable society (India). To balance unchecked capitalism government intervention on several levels is required. For example unfettered capitalism has no regard for social justice, the rich simply insulate themselves from the problems of the poor underclass (post industrial revolution Britain). Possibly the closest we have today to this utopian mix is some Scandinavian country (Iceland). When the tranquil society is threatened by some catastrophic event, war, natural disaster, collapse of the free market, pandemic, then government intervention becomes most necessary, and we are seeing that the world over (Australia).
Posted by Paul1405, Wednesday, 18 August 2021 7:17:24 AM
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Lenin said 'When time comes to hang the capitalists, the Capitalists themselves will sell the rope for that.'
Posted by rache

Interesting quote...
Posted by Canem Malum, Wednesday, 18 August 2021 11:29:22 AM
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Scandinavian countries from my understanding are ethnically monocultural- perhaps that is the reason for their stability.
Posted by Canem Malum, Wednesday, 18 August 2021 11:32:34 AM
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Yes Canem I think you are right, but it is past tense if you were thinking of Sweden.
They are having a lot of troubles with the moslem immigrants, from
memory, I think it was 200 explosions in a year, including the Malmo
police station.
They had to build a new one the press said was built like a fortress.
Posted by Bazz, Wednesday, 18 August 2021 4:42:58 PM
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Pauliar,

Have you spent any time in Scandanavia? Clearly not. The bureaucracy is stifling, everything is taxed and expensive, and those that can make a lot of money have generally emigrated.
Posted by shadowminister, Wednesday, 18 August 2021 7:25:03 PM
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Only a demented baboon would not realise I was being facetious when I wrote; "Possibly the closest we have today to this utopian mix is some Scandinavian country (Iceland)." There is no utopia, all countries have their faults, not one is perfect, although Iceland comes close, lol. I really have a very low opinion of you shadowminister after your defamatory post, which I now see has been removed. End of matter.
Posted by Paul1405, Wednesday, 18 August 2021 9:29:09 PM
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Pauliar,

My opinion of you is of complete scum. You liar so often and so blatantly that it is difficult to tell when you are just bullsh1tting or trying to be facetious. It is easy to see why even within the scumbag greens you couldn't make it past handing out leaflets.

With senior greens including 2 convicted paedophiles, one councillor charged with theft, assault and now one accused of bullying and inappropriate behaviour it is easy to see why you feel so threatened.
Posted by shadowminister, Thursday, 19 August 2021 6:05:44 AM
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Carry on SM, you must be privileged on this forum, why you were not banned for your 'defamatory post' is strange in itself, given your track record. That's right, you changed your nick to get yourself a clean sheet to run you vile and disgusting claims from your anonymous sewer about known people. The attitude of the person you called a paedophile is not to concern themselves with such as you, preferring to treat you as an insignificant anonymous a hole, so carry on all you like. As for you knowing what I have done, or not done you know nothing. As for your own self behaviour I would hate to even have at a guess.
Posted by Paul1405, Thursday, 19 August 2021 7:25:11 AM
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Pauliar,

You have seen the articles about the 2 convicted senior green paedophiles, and DS is probably smarter than you and sees that what I posted was not about him and probably just dismisses you as an arsehole.

As you continuously lie and call everyone scumbags you are hardly in any position to lecture anyone. Your touchiness and general ineptitude might make one think that you have spent some time at Her Majesties pleasure.
Posted by shadowminister, Thursday, 19 August 2021 2:03:22 PM
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Well, given that it was governments that got us in this mess,
mhaze,
Labor Govt yes, Conservative Govt get too loaded up with demands from socialist & fence-sitting citizens.
Govt face an uphill battle trying to get voters to cooperate & this is particularly taxing when you consider that 50% of people aren't actually revenue producing !
Posted by individual, Friday, 20 August 2021 9:23:15 AM
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No SM, Greens MP's are well aware that far right anonymise Nazi gutter slims frequent chat rooms and Forums, and throw the kind of disgusting nonsense you avail yourself of. Its considered best to ignore such rubbish, unless its from a prominent source, and is widely publicised, hardy fits you. As far as David Shoebridge and you David W P O Y I Y W O Fire.
Posted by Paul1405, Friday, 20 August 2021 6:32:51 PM
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Pauliar,

Have you had a head injury? I can hardly make out what the hell you are trying to say.
Posted by shadowminister, Saturday, 21 August 2021 4:42:52 AM
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Bazz said- "Yes Canem I think you are right, but it is past tense if you were thinking of Sweden. They are having a lot of troubles with the moslem immigrants, from memory, I think it was 200 explosions in a year, including the Malmo police station. They had to build a new one the press said was built like a fortress."

Answer- Thanks for the information Bazz. I'm not aware of the bombings by the Muslims in Sweden. I did hear about a recent situation where large numbers of male immigrants possibly muslim about 100- surrounding and assaulting 20 women in Germany in a public space (New Years Eve 2015 in Cologne). The narrative from the muslim males appears to be that if a woman dresses in a western style they deserve to be raped. I heard one account- I think it was from German UN Worker "the stupid German whore-Rebecca Sommer"- of a muslim woman being "slat raped"- truly appalling- apparently a married woman had her head wedged between the slats of a bed.

http://en.wikipedia.org/wiki/2015%E2%80%9316_New_Year%27s_Eve_sexual_assaults_in_Germany

http://arbeitsgruppefluchtundmenschenrechte.wordpress.com/2018/02/11/interview-with-rebecca-sommer-english/

http://thenewamerican.com/pro-refugee-activist-admits-she-was-wrong/

I guess we shouldn't tell Muslims how to run their nation- a lesson in comparative culture/ Cultural Relativism- you could call it a criminal culture- but a culture just the same.

Critical Race Theory has some elements of Cultural Relativism- but the suggested solutions of Critical Race Theory appear to be Communist in nature.

Interestingly libertarian free trade advocate Ayn Rand was of the belief that you shouldn't sell your products to those that don't support your philosophy.

Australia needs to be insulated from other cultures to preserve their unique attributes and for their self determination- others want to put their noses into everyone's business.

Paraphrasing the Dalai Lama "Australia is for the British Australian's".

There are paradoxes and subtleties in this issue that are difficult to resolve- and their are those wanting to implement solutions for their own benefit.

Thanks again Bazz for your feedback.
Posted by Canem Malum, Saturday, 21 August 2021 8:26:44 AM
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No country in Western Europe is immune from the moslem crime wave.
France is probably the worst. A church is attacked somewhere in France
every two days. The decapitation of a school teacher seems to have
been a wakeup call for a lot of Frenchmen. Even Macron.
Eastern European countries have banned moslem immigration completely.
Some of course have long memories of the Ottoman occupation that only
ended in 1918.

We are off thread, but not to worry, a lot of economic things have a
background of the 1400 year war.
Posted by Bazz, Saturday, 21 August 2021 9:29:05 AM
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Thanks Bazz for your feedback.
Posted by Canem Malum, Sunday, 22 August 2021 4:17:36 AM
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