lee wrote on Nov 19^th, 2024 at 2:18pm:


Crippled, low IQ brain asks dumb questions: not all people in poverty commit crimes because poverty has numerous causes, some of which don't lead to crime, just to "quiet desperation", or some other non-violent mode of living.   

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You despicable fraud, you claimed I "misquoted" you, and you are too cowardly to show how I misquoted you.

..The ugly Conservative in all his fraudulence...

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Unlike you, I  speak for rationality and reason, you hide behind fraud, and ignorance.

Listen up:  we all need to  participate in the ecomomy via above-poverty employment, since an above-poverty UBI is beyond the resources of the state.  The governmment has the responsibility to ensure everyone so participates, according to his ability.    

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You a late blow-in to this thread? The government has to replace poverty-level welfare dependency (aka 'the poverty industry' or 'the safety net') with universal above poverty employment.   

Which means job-creation by the government, when the neoliberal competitive market fails to employ everyone.

(See the Job Guarantee proposal.

https://pavlina-tcherneva.net/the-case-for-a-job-guarantee/

One of the most enduring ideas in economics is that unemployment is both unavoidable and necessary for the smooth functioning of the economy. This assumption has provided cover for the devastating social and economic costs of job insecurity. It is also false.

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Deliberate fraud, or just low IQ?

Regardless of attachment to anachronistic 'culture' (a Conservative specialty),  we have to close the gap; which will require reducing unemployment among blacks to the same level as the non-black population - which IS possible. 

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Non-sequitur: 1948 is yesterday compared with the 'might is right' instinctive barbarity of the last 10,000 years, before the age of MAD forced men to consider the need for international law, an ongoing project.

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Explained to the village idiot, above. 

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You persist with the non sequitur; I'm addressing the matter of fair resource mobilization** in our time, in Oz,  when AI and IT has removed the need to compete (via criminal conflict,  or enforced welfare dependency)  for the essentials of life.

**note for your blind Conservative brain: NOT "equality of outcome".

Cease your silly diversion to what "dictators and warlords" think. 

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Not a mantra; study how money is created.

thegreatdivide wrote on Nov 19^th, 2024 at 4:05pm:


I will make it obvious for why my situation is not all that unique.

I have a lazy set of parents. Both retired before retirement age, because they thought that they were entitled to taxpayer funds. Yes and no.

The thing is, neither of them deserve the retirement pension any more than someone like me. I wish I could be paid $800 a week to sit on my arse and bellyache about how my son refuses to get a job because he is "so selfish".

The other week, I felt like wheeling the groceries out the door and down to the ramp and walking the trolley home to my place, just because I only had a few hundred in the bank account. Luckily, I could afford the $120 of groceries for the fortnight. I bought 8 litres of light milk for my coffee and breakfast cereal, because I had to throw out the curdling milk from the previous week.

I skipped paying rent last fortnight because I just could not afford to pay my phone bill and my food bill at the same time without risking the EFTPOS machine laughing at me at the Post Office.

I also get bullied by co-workers who think that a 45-year-old is too old to be working among those that are average aged 20 to 25 years old. And yet, I am the one whom gets reprimanded for defending myself and even trying to lighten the mood.

I would have offed myself a long time ago. Except that it goes against my culture and ethnicity to do so. I am Anglo-Celtic and a Rockhampton-born and raised person. We don't steal what other people have worked hard to legitimately get.

I'm not a bad looking person for my age. I just have to refine myself to be better at what I do, so that I can be somewhat rich by the time I am 75 years of age -- if I live that long. I am the rough diamond that has been chipped away by life experiences. A dyslexic father and a pill-popping mother whom I have looked after since I turned 14 years of age, ever since I figured out that I was considerably smarter than both of them. It is that kind of disposition I have that has kept me relevant. But sometimes I wonder if I die prematurely, that my funeral will consist of my father sobbing like an arsehole, hoping that one of my illegitimate daughters will come over to give Dad a hug -- so that he could surreptitiously give his unacquainted granddaughter a grope.

But, that is just an opinion. My community love me, and I appreciate their efforts to keep me viable. That is why I am impoverished and do not steal.

lee wrote on Nov 19^th, 2024 at 4:39pm:


Some, not "they" (inferring all); you just made the classic Conservative fallacy of composition,  based on misunderstanding the individual versus collective dichotomy.   

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Continuing with your superficial, low IQ Conservative anaylsis; considerations of personal responsiblity, poverty, crime and its causes, and relation to criminal responsibility must all be considered, to fix the problem.

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One course of action, but you will cause trauma in the victim, and likely end up before a court; you don't have a 'right' to steal the car.  Meantime the government ought to be looking into WHY you are uncomfortably poor (and considering stealing a car), to see if it's a systemic socio-economic problem.   

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(sigh)   The eclipsed h-g culture with which the black (and white) activists  are enamoured, still exists in the MINDS of the activists.

Meanwhile the unfortunate ones are condemned to poverty-level  welfare dependency...and the gap.

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Note: it's all about  resource management by government, acting alongside the free market's   'invisible hand' allocation of resources.

ie, the government  doesn't need your money - it's created out of thin air (in private banks according to current orthodoxy); the government needs to authorize its own currency-issuing Treasury to issue the stuff for free as required (provided the needed resources are available for purchase by the government), and manage interest rates and inflation with price controls, not the unelected eggheads at the Reverse Bank.   

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I just did (above), as she does in her book.

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also previously addressed - again for the dummies: the economic system of the black culture was smashed, yet the activists want to preserve black culture, which is impossible because an economic system is an integral part of the culture. 

The ancient h-g economy ("the world's oldest living culture")  has been replaced in the modern world with a money-based economy increasingly powered by robots and AI. 

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Well, apparently this discussion is above your paygrade; others might learn something.   

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Robots are producing many goods these days, and AI is already aiding  services delivery.

A four day week is coming...

But you are still ignoring the *fair* distribution of essential resources, regardless of the wonderful IT and AI advances which have already overcome scarcity of the essentials of life.

These days nations are increasingly fighting over market access to consumers in other nations, not fighting one another over access to scarce resources.   

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It's mirror time.....

Even the Bank of England confirmed (google it)  money is created ex nihilo in banks when they write loans for (hopefully) credit-worthy customers.

National Treasuries are backed by the nation's productive capacity, so can also create money as required, if the resources are available for purchase (by the government).

In conclusion: it's time to get rid of poverty-level,  systems-ordained welfare dependency, and stop arguing over the 'age of criminal responsibiliy'.   

thegreatdivide, you should watch NITV documentaries. They had a program about remote indigenous Australian communities and what they had to go through.

"Essentials of life" do not include Coca-Cola or cigarettes.

Now - on the subject of lowering the age of criminal responsibility ...... we all know that the sovereign choice to refuse to leave a culture of poverty and desperation is not a direct cause of crime - systematic crime needs serious application from the emerging criminal .... and takes a lot of study and research ..... peer group pressure ... serious input from 'elders' and 'parents' other than instilling in youngsters the idea that they are 'fearless warriors of the Aboriginal Resistance or something and are Entitled™ to anything they can get from Whartey who took everything from them... then, of course, such ideas instilled into them at a young age are intractable, and lead to never-ending violence the 'traditional' ways of just taking stuff, attacking anyone who objects, spear chucking at other groups and hammering the missus .....

Now .... for a SOLUTION .........

lee wrote on Nov 19^th, 2024 at 7:23pm:


Low IQ: "they" ("the people") is more than SOME who are more than One.

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Low IQ  (or deliberate fraud) , you changed the reference: people want to maintain their culture, even they if don't need to maintain it, indeed should not maintain it, in the modern world.   

And some people  (notice - "some")  might WANT to steal cars, even if they dont need to (to survive). 

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Not fraud, just low IQ reinforced by blind Conservative ideology. 

The government should NOT give free cars for all, though it should provide goood public transport.

But it SHOULD be dealing with, and fixing, the systemic causes of youth crime, despite the fact  blind Conservatives lie you don't do causes.   

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1. the activists don't have enough money to fix the nacroeconomic problems which reinforce attachment to an obsolete culture. 

2. high rates of systemic youth crime ARE your - and the community's problem, even if your own house hasn't been vandalized yet (and assuming you haven't resorted to living in a 'gated' community, to live in a fantasy, secure,  Conservative world).

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Ouch - your low IQ is painful to behold: food is a renewable resource, energy will soon be a renewable resource, housing materials are renewable (timber) or recyclable, and other essential goods and services are increasingly made out of elements which can be recycled.

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Well,  the Bank of England does agree with Keen that money is created ex nihilo.

So ...back to resources.....

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She is saying what should be done, given lack of money isn't the problem (since the supply of money is infinite, like points awarded on a score board for a goal), resource distribution is the problem.

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Low IQ/rigid Conserative conception:

The h-g economy is an economy; ie supply of, and distribution of the essentials for life.   

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Above your paygrade to judge.

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Correct: the most profitable motor company in the US - Tesla - has almost no workers,  a big change from Henry Ford's famous 'production line' invention requiring  thousands of workers.   

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Yes: lawyers and all kinds of services are increasinly employng AI.

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Correct; and once taught, AI turns out reports eg,  typically needed by lawers, meaning only specific details  need to be added to legal documents, in the particular cases of frequently  delivered services. 

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Already addressed above.

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Er...the more robots and AI, the fewer workers needed.

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There are NO scarcities of the essentials of life: food, housing, essential services,  essential utilities, etc.

The problem is the distribution of goods and services, which are created from available resources.

See the UN's 17 Sustainable Development Goals  (SDGs) for the eradication of poverty.   

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


You have already lost when you try semantics.

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


People want to steal cars. They don't need to steal cars. Do try to stay on track.

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


So the rest need to steal cars?

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


So stealing cars is a systemic failure? Got it.

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


That's why they beg, cry and gnash teeth for Other People's Money.

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


And paying them not to is the solution.

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


Food is a renewable resource -YES. And it is increasing ot decreasing. Not a scarcity.

Energy is NOT a renewable resource. It takes fossil fuels to make the panels, it takes fossil fuels to make the fibreglass. And they are ALWAYS intermittent, which means they may not be there when needed. Even though power is essential in many things. Relibale power for glassmaking, steel making, turbine manufacturing. Lithium is very dangerous to recycle. A recent lithium recycling factory went up in flames.

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


Timber is renewable, However they have relatively long growing times. And greenies oppose logging.

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


And yet you haven't provided proof of this.

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


And the Bank of England is technically broke.

"      

The Bank of England, like other Central Banks, is a weird entity, in that it can, if it wants create money. We saw that through the QE programmes, through which it acquired large portfolios of Government Bonds – known as guilts.

The program ran from 2009 to 2022 and was designed to improve financing conditions for companies hit by the 2008 financial crisis. It saw the BOE accrue £895 billion worth of bond holdings while interest rates were historically low.

However, the pace at which the central bank has had to tighten monetary policy in a bid to tame inflation means the costs have risen more sharply than anticipated. Higher rates have driven down the value of the purchased government bonds — known as gilts — just as the BOE began selling them at a loss because bond yields have changed significantly, rising fast as prices fall (as yields and prices work in opposite directions).

The central bank began unwinding that position late last year, initially through halting reinvestments of maturing assets and then by actively selling the bonds at a projected pace of £80 billion per year from October 2022.
Both the Treasury and the BOE knew when the APF was implemented that its early profits (£123.8 billion as of September last year) would become losses as interest rates rose.

Now according to Deutsche Bank, the Bank of England’s losses on bonds bought to shore up the U.K. economy after the financial crisis will be “materially higher than projected until the middle of the decad”.

https://digitalfinanceanalytics.com/blog/is-the-bank-of-england-broke-and-does-i...

So the Government will cover the banks losses? A lovely fiscal roundabout.

thegreatdivide wrote on Nov 20^th, 2024 at 1:36pm:


See now you have backtracked. "It Should be done" is different to "it can be done" or even "it has been done". Academia is full of air fried lefties.

tbc