Well its good that Tony is finally getting things right. He wasn't alone in his error. Circa 2008 John Humphreys said that "Australia does not need manufacturing" and a slightly less absolutist version of this idiotic idea was absolutely unanimous in the working economists there. Sinclair and Soon included. I was the only one there that said on the contrary we ought to be a manufacturing powerhouse.
I don't see anyone writing me notes to say that I was right all along. So go easy on Tony but hard on Sinclair. Sonofabitch still won't let me comment at Catallaxy. Who is more responsible for fucking things up this badly? A politician? Or a working economist?
The worst thing was that I was in favour of massive reindustrialisation. But I was still against tariffs. And these alleged economics adepts just could not square that circle.
Good on you Tony Abbot. This is cause for great celebration. This is something you and Sinclair might not know about. But in the Christian heritage we have something called repentance and we have the story of the "prodigal son" So we actually are more happy when someone finally comes back to the manufacturing fold, then perhaps someone who was getting it right all along.
Check out welfare queen JC on Australian manufacturing. He's pointing the bone at us. Reckons we cannot get it done:
JC #3367788, posted on March 21, 2020 at 6:13 pm Turning off the tap off government largesse and telling the mendicant fuckers to stand on their own two feet is not shutting it down.
Which I 110% agree with. My point is he’s completely overlooking what he did. Let’s get real, does anyone here believe we’re going to have a garment industry, shoe making factories ever again. You cannot have a manufacturing industry in Australia under present conditions without huge subsidies. Also labor risk is too high. The moment you bring over expensive machines unions will treat the investment as theirs. It becomes captured capital. >>>>>>>>>>>>>>
We can be a manufacturing superpower. But we have to decide we want to do it. And we cannot put up with subsidising bankers if we wish to achieve this. Friends don't let friends subsidise bankers. Also you leftists have to accept that while we need good government servants, we have to get used to closing down departments and public service jobs, when we figure out that we can get by without them. We have to be ruthless about banking and public sector jobs. Absolutely ruthless. We don't have enough resources to get our act together and be carrying all these people. Least of all welfare queens like Cambria.
Cambria also believes that there cannot be banking without subsidies either. No banking without subsidies. No manufacturing without subsidies. Its amazing that we managed to claw our way out of hunter-gathering.
We can get to where we aren't being subsidised but we need separate industry plans to get there. Back in the day I'd be talking about industry plans and every Catallaxian and his Momma was likening the concept to Stalin's 5 year plans. But no its simply a way of sorting out various industries like the taxi industry ought to have been sorted out 50 years ago.
To tool up so as to become great manufacturers, you need to get rid of banker subsidies, weed down the public servant jobs and bureaucracies ...... But you must have no taxes on retained earnings for the sole trader. For bigger business you have a 50% tax rate but with accelerated depreciation. So they have to tool up to avoid taxes.
You do these four things and we will wind up being a manufacturing superpower. No doubt about it at all. But we want to slow down our immigration. So we don't lose the good manufacturing mindset. And we need high wages so that people take manufacturing seriously. Not like that clown Ravi that got me sacked.
even consistency.
ReplyDeleteAbbot was always over rated in the intellectual stakes. This confirms it.
And he was a PM. unbelievable.
Well its good that Tony is finally getting things right. He wasn't alone in his error. Circa 2008 John Humphreys said that "Australia does not need manufacturing" and a slightly less absolutist version of this idiotic idea was absolutely unanimous in the working economists there. Sinclair and Soon included. I was the only one there that said on the contrary we ought to be a manufacturing powerhouse.
ReplyDeleteI don't see anyone writing me notes to say that I was right all along. So go easy on Tony but hard on Sinclair. Sonofabitch still won't let me comment at Catallaxy. Who is more responsible for fucking things up this badly? A politician? Or a working economist?
The worst thing was that I was in favour of massive reindustrialisation. But I was still against tariffs. And these alleged economics adepts just could not square that circle.
Good on you Tony Abbot. This is cause for great celebration. This is something you and Sinclair might not know about. But in the Christian heritage we have something called repentance and we have the story of the "prodigal son" So we actually are more happy when someone finally comes back to the manufacturing fold, then perhaps someone who was getting it right all along.
ReplyDeleteCheck out welfare queen JC on Australian manufacturing. He's pointing the bone at us. Reckons we cannot get it done:
ReplyDeleteJC
#3367788, posted on March 21, 2020 at 6:13 pm
Turning off the tap off government largesse and telling the mendicant fuckers to stand on their own two feet is not shutting it down.
Which I 110% agree with. My point is he’s completely overlooking what he did. Let’s get real, does anyone here believe we’re going to have a garment industry, shoe making factories ever again. You cannot have a manufacturing industry in Australia under present conditions without huge subsidies. Also labor risk is too high. The moment you bring over expensive machines unions will treat the investment as theirs. It becomes captured capital.
>>>>>>>>>>>>>>
We can be a manufacturing superpower. But we have to decide we want to do it. And we cannot put up with subsidising bankers if we wish to achieve this. Friends don't let friends subsidise bankers. Also you leftists have to accept that while we need good government servants, we have to get used to closing down departments and public service jobs, when we figure out that we can get by without them. We have to be ruthless about banking and public sector jobs. Absolutely ruthless. We don't have enough resources to get our act together and be carrying all these people. Least of all welfare queens like Cambria.
Good government services. AND good high-paid government servants too. I kind of got it right the first time but not quite.
ReplyDeleteCambria also believes that there cannot be banking without subsidies either. No banking without subsidies. No manufacturing without subsidies. Its amazing that we managed to claw our way out of hunter-gathering.
ReplyDeleteWe can get to where we aren't being subsidised but we need separate industry plans to get there. Back in the day I'd be talking about industry plans and every Catallaxian and his Momma was likening the concept to Stalin's 5 year plans. But no its simply a way of sorting out various industries like the taxi industry ought to have been sorted out 50 years ago.
To tool up so as to become great manufacturers, you need to get rid of banker subsidies, weed down the public servant jobs and bureaucracies ...... But you must have no taxes on retained earnings for the sole trader. For bigger business you have a 50% tax rate but with accelerated depreciation. So they have to tool up to avoid taxes.
You do these four things and we will wind up being a manufacturing superpower. No doubt about it at all. But we want to slow down our immigration. So we don't lose the good manufacturing mindset. And we need high wages so that people take manufacturing seriously. Not like that clown Ravi that got me sacked.
This comment has been removed by a blog administrator.
ReplyDelete