Australian Politics Forum - What Is Driving Cost Of Living Crisis?

FutureTheLeftWant Gold Member Offline Australian Politics Posts: 6625 Gender:	Re: What Is Driving Cost Of Living Crisis? Reply #15 - Jul 20^th, 2022 at 2:08pm Frank wrote on Jul 20^th, 2022 at 2:07pm: "People queued because food was so cheap" - you are a peerless moron, Igor. Go get a brain. It's not complicated, old man. You've never seen the Myer stocktake sale?
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Bias_2012

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Re: What Is Driving Cost Of Living Crisis?
Reply #16 - Jul 20^th, 2022 at 2:32pm

FutureTheLeftWant wrote on Jul 20^th, 2022 at 2:08pm:

Frank wrote on Jul 20^th, 2022 at 2:07pm:

"People queued because food was so cheap" - you are a peerless moron, Igor. Go get a brain.

It's not complicated, old man. You've never seen the Myer stocktake sale?

So you're comparing Myer stock-take sales, with queues lining up because of food shortages in the Soviet Union

Now we know you're off your rocker

Over the top socialism brought the USSR down. "Totalitarianism" ... ever heard of it?

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Our Lives Are Governed By The Feast & Famine Variable

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John Smith

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Re: What Is Driving Cost Of Living Crisis?
Reply #17 - Jul 20^th, 2022 at 3:30pm

Bias_2012 wrote on Jul 20^th, 2022 at 1:25pm:

John Smith wrote on Jul 20^th, 2022 at 12:09pm:

Bias_2012 wrote on Jul 20^th, 2022 at 12:07pm:

Capitalism is the engine of the economy, it prevents mile long "Soviet Union" type queues waiting to get 2 ounces of bread and a slice of sausage

were they caused by a lack of capitalism or by sanctions?

A lack of capitalism ... and far too much socialism

The problem with top heavy socialism is explained in the Utube video "Public V Private"

crap .... .

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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freediver Gold Member Offline www.ozpolitic.com Posts: 49389 At my desk.	Re: What Is Driving Cost Of Living Crisis? Reply #18 - Jul 20^th, 2022 at 4:47pm It's mostly oil - Ukraine, and shortage of a lot of products associated with covid. Both temporary effects.
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Karnal Gold Member Offline Australian Politics Posts: 96446	Re: What Is Driving Cost Of Living Crisis? Reply #19 - Jul 20^th, 2022 at 5:57pm freediver wrote on Jul 20^th, 2022 at 4:47pm: It's mostly oil - Ukraine, and shortage of a lot of products associated with covid. Both temporary effects. And a historically low level of immigration. And historically low wage growth. And, and... It is a jolly world, no?
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freediver Gold Member Offline www.ozpolitic.com Posts: 49389 At my desk.	Re: What Is Driving Cost Of Living Crisis? Reply #20 - Jul 20^th, 2022 at 6:48pm Quote: And historically low wage growth. You sure about that?
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Karnal Gold Member Offline Australian Politics Posts: 96446	Re: What Is Driving Cost Of Living Crisis? Reply #21 - Jul 20^th, 2022 at 8:08pm freediver wrote on Jul 20^th, 2022 at 6:48pm: Quote: And historically low wage growth. You sure about that? I am. You?
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Frank

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Re: What Is Driving Cost Of Living Crisis?
Reply #22 - Jul 20^th, 2022 at 8:19pm

Karnal wrote on Jul 20^th, 2022 at 5:57pm:

freediver wrote on Jul 20^th, 2022 at 4:47pm:

It's mostly oil - Ukraine, and shortage of a lot of products associated with covid. Both temporary effects.

And a historically low level of immigration. And historically low wage growth. And, and...

It is a jolly world, no?

There is UNPRECEDENTED illegal immigration into the US and Europe.

Lack of increasing wages doesn't lead to inflation. Lack of supply of goods, cost of production and supply or oversupply of money do. With all that money printing and a significant disruption to energy and supply chains due to covid, green madness on energy and Russian delusions of greatness, we have high energy costs, fractured production and supply lines and too much money looking for pockets to call home.

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Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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Captain Nemo Gold Member Offline Australian Politics Posts: 10686 Melbourne Gender:	Re: What Is Driving Cost Of Living Crisis? Reply #23 - Jul 20^th, 2022 at 9:52pm
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Karnal

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Re: What Is Driving Cost Of Living Crisis?
Reply #24 - Jul 20^th, 2022 at 10:59pm

Frank wrote on Jul 20^th, 2022 at 8:19pm:

Karnal wrote on Jul 20^th, 2022 at 5:57pm:

freediver wrote on Jul 20^th, 2022 at 4:47pm:

It's mostly oil - Ukraine, and shortage of a lot of products associated with covid. Both temporary effects.

And a historically low level of immigration. And historically low wage growth. And, and...

It is a jolly world, no?

There is UNPRECEDENTED illegal immigration into the US and Europe.

Lack of increasing wages doesn't lead to inflation. Lack of supply of goods, cost of production and supply or oversupply of money do. With all that money printing and a significant disruption to energy and supply chains due to covid, green madness on energy and Russian delusions of greatness, we have high energy costs, fractured production and supply lines and too much money looking for pockets to call home.

And and, no?

Lack of labour supply may also to inflation, dear boy, as every schoolboy knows.

Did you come by plane?

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Grappler Deep State Feller

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Re: What Is Driving Cost Of Living Crisis?
Reply #25 - Jul 21^st, 2022 at 6:27am

Greed, baby... Greed... there used to be a graffiti sign down Glebe way in Sydney... Eat the Rich ... it stood heroically alongside 'Blisterhood is strong' ... lots of student types down that way... you know... the dawn of 'feminism' in all its laughter from everyone else..... sorry now you didn't listen, aren't you all?

Anyway - maybe the poor should eat the rich... just saying.... Way Out West Where the Rain Don't Pour.... our Indigenous are again leading the way (they are always the guinea pigs, the canaries in the coal mine for any great social upheaval event - the war on violence, DV rules, paternally handle their coin for them, etc - the assumption is nobody gives a damn about them so they can be used as experiments) by embarking on an undeclared war to hunter gather as much of the Cargo Cult from Whartey as they can, as a matter of Entitlement™. Whartey's got plenty - tek 'im from dere, bro!

Maybe the Rest Of The Poor And Disadvantaged (ROTPAD) could take a leaf out of their tobacco plant... roll a similar ganja smoke or something.... learn how to survive the Aboriginal way.... if it's there - eat it or use it or just take it .... so maybe the poor SHOULD eat the rich....... metaphorically or even physically ....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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aquascoot Gold Member Offline Australian Politics Posts: 35053 Gender:	Re: What Is Driving Cost Of Living Crisis? Reply #26 - Jul 21^st, 2022 at 1:33pm What Is Driving Cost Of Living Crisis? too much government spending
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Bam

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Re: What Is Driving Cost Of Living Crisis?
Reply #27 - Jul 21^st, 2022 at 8:47pm

Capitalism is not sustainable indefinitely, especially a small number of people growing immensely rich at everyone else's expense. Sooner or later, capitalism will reach its limits and it will collapse.

This is why some form of wealth taxes on the super-rich will be necessary at some point to preserve capitalism. It's only necessary to impose a wealth tax on the top 0.00003% of wealth hoarders, the 2400 or so global billionaires, to stabilise the wealth divide.

If the wealth divide is not stabilised, only two futures are possible: police states or violent revolutions. In all of human history, there are no counter-examples.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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freediver

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Re: What Is Driving Cost Of Living Crisis?
Reply #28 - Jul 21^st, 2022 at 9:47pm

Karnal wrote on Jul 20^th, 2022 at 8:08pm:

freediver wrote on Jul 20^th, 2022 at 6:48pm:

Quote:

And historically low wage growth.

You sure about that?

I am. You?

I think you are full of crap.

https://www.abs.gov.au/media-centre/media-releases/annual-wage-growth-24

The rate of annual wage growth was 2.4 per cent, up from 2.3 per cent last quarter, the highest annual rate recorded since December 2018. Michelle Marquardt, head of Prices Statistics at the ABS, said “The annual rate of wage growth has risen for each of the last five quarters from a low point of 1.4 per cent in December quarter 2020.”

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Karnal

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Re: What Is Driving Cost Of Living Crisis?
Reply #29 - Jul 22^nd, 2022 at 8:23am

freediver wrote on Jul 21^st, 2022 at 9:47pm:

Karnal wrote on Jul 20^th, 2022 at 8:08pm:

freediver wrote on Jul 20^th, 2022 at 6:48pm:

Quote:

And historically low wage growth.

You sure about that?

I am. You?

I think you are full of crap.

https://www.abs.gov.au/media-centre/media-releases/annual-wage-growth-24

The rate of annual wage growth was 2.4 per cent, up from 2.3 per cent last quarter, the highest annual rate recorded since December 2018. Michelle Marquardt, head of Prices Statistics at the ABS, said “The annual rate of wage growth has risen for each of the last five quarters from a low point of 1.4 per cent in December quarter 2020.”

That's lower than inflation. Did they teach you about real wages at uni, FD?

Or just Freeeeeedom?

https://www.afr.com/policy/economy/australia-s-real-wage-slump-in-eight-charts-2...

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