Mangled Thoughts

Fiddles while Australia burns. They have fiddled for several decades, which is why Australia now has central planning Rudd for Prime Minister and his Cabinet of morons.

To reiterate the telling findings in the report by EL Consult in executive hiring, it is not simply engineers are not being employed, they are also not being replaced on leaving or retiring from companies. Hiring has been cut by nearly 20% and this indicates major contraction in investment in production of capital goods for future production, and it has been occuring for at least 12 months.

Unable to account for what is occuring, McCrann is content with asserting a contradiction, NSW is in recession but the rest of Australia is not. To make it plain, production of capital goods is also part of the production structure outside outside of the manufacturing states NSW and Victoria. In mining, wine production, agriculture, logistics (under which head I include retailing operations) to name a few areas that requires capital goods that are made in Australia.

More evidence is rolling in. Jackson, in an article addressing the recession now in train, cites:

“the Australian Industry Group’s manufacturing Index for August revealed that “manufacturing activity fell for a third consecutive month in August. . .”

Australia’s economic punditry and the emerging recession

Compouding the evils of kenyesianism and the recessionary havoc it wreaks, courtesy of the RBA, is the open question of how much damage has been caused because of regulation? This is something one has tracked through cases, but this is anecodotal. Even so, in Victoria alone one has observed enough to conclude regulation is strangling firms to death in unpleasant number. For a number of companies, Occupational Health and Safety regulations was the final straw that broke their backs. More firms will be closing this year for the same reason. Add on the impact of the RBA’s keneysian recession and the situation is very disturbing to say the least.

Regulation is not the rule of law. It is the lawlessness of governments overthrowing the rule of (common) law. It is also a tax burden, and it is a tremendous burden. Complying with one set of regulations alone can involve for a large company spending in the order of $30m plus per annnum. That is $30m of good money thrown down a black hole. I am aware of entrepreneurs deciding against increasing scale because the losses involved in compliance renders capital accumulation a suicidal proposition.

On top of the above, energy firms have been sacked by both Liberal and ALP states’ administrations, treating these firms as their personal slush funds. Due to co2 taxation, supply of capital funds through financial markets has also dried up. The upshot, existing capital is being consumed. We are talking about very efficient coal based energy producers being wiped out. Victorians are noticing impact of the larceny and sobatoge through Co2 taxation, through spiralling energy bills.

The venal, arrogant, illiterate Right and their anti-free market think tanks the Centre for Independent Studies, Institute of Public Affairs, and the HR Nicholls Society are responsible for this. This they are, out of their hubris, and the fiction they assume is the free market case, ‘perfect competition’. Through this, they cede the destructive falsehoods markets and firms need to be rectified through regulation. This monstrous defect lead to the establishment of the ACCC, which under Fels and Samuels was sent on a crusade to break up successful firms.

The problem is worse than destruction through regulation. The undergraduate text book bound economics grip of the Right lead this conceited lot to discredit free markets and, overall, genuine Liberal principles where it counts, in the eyes of voters. The evidence is not merely the confidence with which Rudd is swiftly moving towards imposition of Soviet style planning, and Liberal Party members floundering in the dark too.

Over the last few weeks, calls for ‘industry policy’ and protectionism are increasingly heard on the streets and on radio stations. To this, the man in the street is blaming the “Right”. They are correct in this identification, but not in why.

What is emerging is an increasingly broad reaction against free markets. It’s an atavistic revolt against free markets. This is how much damage the dumbkopf Right have caused. This is why when Malcolm Fraser attacked the “Right” as free market ideologues the man in the street did not, this time, laugh at him.

It must be observed, holding the modest man in contempt the Right has never attempted to convince the man in the street the case for free markets is sound. Then, they could not and still cannot engage the public. The reason is, their rotted economics. This is why they also do not engage in debate. Both the Left and genuine Liberals would humiliate them, and this is a threat to what they fear most:

- Having to re-examine their intellectual foundations on the one hand, which means work.

- Having to watch others come to the fore, which would wound their insufferable pride.

- Being kicked off the gravy train of donations, Liberal Party fees, and taxpayer kept ‘consulting’ fees, and other un-earned emoluments they believe is theirs by divine Right.

Notice something odd concerning tax transfers into their pockets and transfer of Liberal Party members’ fees into their pocket? Correct, they are duty bound to defend their positions and in public. They are duty bound to answer to the public. They are bound to serve the public but, they are exactly what the diseased Left is, and they accuse the hard Left of it, contemptuous of the modest man and proceed as a pack of little dictators.

They do not realise it but in accepting those payments, they are automatically accountable to Australian taxpayers, and to Liberal Party members. It includes, being open to being slammed and sacked for failure (and what a record of massive failures they have racked up too).

So, while Professor Sinclair Davidson, believes he is free to not answer for what he supports and puts, assuredly he is not. He backs up his mistaken belief with cowardice, and smearing fine economists. Davidson is despicable, but this does not remove the onus on him and his chums to account for their actions. Let this lot of professional, wealthy dole bludgers entertain no doubt what-so-ever:

Taxpayers and every Liberal Party member has an absolute right to an account, and to punishing this lot of sneering slobs for the sheer damage that they have caused. This is why one happily hammers the increasing lawlessness of administrations, MsP and bureaucrats (as opposed to genuine public servants). They are not masters of taxpayers, they are their servants. They have no right whatsoever to strip Australians of their real rights and burden them down with an ever growing, stinking heap of regulations.

Nearly 12 years under Howard, and a decade under Kennett and what has the pustular, statist Right achieved?

- They imposed watermelon red measures
- Did much to overthrow common law in Victoria
-Laid the foundations for Bracks, Brumby and Rudd.

And they have the hide to claim they defend free markets and real rights! They did this because of their undergraduate level, highly flawed economic assumptions. This lot have not defended free markets, they have consistently sapped them and, crucially, also the pubilic fight for free markets. There is real trouble ahead, and the best this lot of cane toads can manage is to smear genuine Liberals.

As for Steve Edwards

He’s drawn attention in comments to, Centre for Independent Studies and Professor Sinclair Davidson should- (12/11/08), an article published by the Centre for Independent Studies in its magazine for UFology crazies, Policy.

The Trouble with Religious Hatred Laws

He calls that an attack! A soporific read that doesn’t tear out jugulars, in a magazine no one reads.

Von Mises could justly quip, competent economists can destroy socialism. He wasn’t counting as competent the likes of those who stuff Centre for Independent Studies, Institute of Public Affairs, and the HR Nicholls Society.

The defective economics of the clowns in these clunker tanks, pinned to the falsehood of perfect competition, has done the damage, as indicated above. This is why common law is being wiped out, real rights overthrown, and the rule of thugs, regulation, being imposed in great big blocks of ‘legislation’.

Thier root failure is matched by their second and bound failure. They did not seek to convince voters, and they do not believe they have to. Mind, it is as well they do not engage in public fighting. They’d only succeed in achieving complete victory for the diseased Left.

That’s right, Mr. Edwards, your article does no good work at all. Bracks, Brumby and their band of neo-Marxist goon squads won’t loose any sleep over that article. They did loose sleep, a lot of sleep, when Jackson forked HEROC through his direct confrontation.

Secondly, not only does Edwards miss on this, one reminds him of the STO, OPA and what Kennett and Stockdale did with them, and there are very many victims of what is larceny. I remind Edwards the Kennett administration was advised by the IPA and the.

I remind Edwards, a full blooded criminal investigation is required, and this would mean not only the Bracks and Brumby Cabinets, thugs in the OPA and STO, and their advisers would be hauled in for stiff questioning, but also Kennetts chums and advisers. So, while Edwards boasts of another silly CIS exercise, I’ll remind him:

His pals don’t give a damn even about the real thuggery committed against many Victorians. His pals have the moral compass of cane toads - bloated and full of poison. This, along with everything else as partly summarised above, is why the Liberal Party was blitzed in States’ and Federal elections. It is why Australians are about to be hit with a nasty time of things.