Re-thinking the Social Contract
Wednesday 29 January 2014
SECTION FOUR, PART FOURTEEN
You Wonder, Why?
Once again i am compelled to write. No point going over everything that has happened over the last month apart from key issues. Barry' state of the union address doesn't arrest his slide in popularity. My observation is precisely from the Australian context. Julia lost because she had not seen to right the wrongs of the arbitrary bias in favour of big business from 2007-2008. The public were gipped, because significant favours were doled out, and never paid back. I have mentioned Maurice Neumann before. Presiding over an apoplectic ASX , with mates dying everywhere under margin calls, they entreaty the government ( under some spurious economic calamity argument) to introduce short selling suspensions to save their mate's money. Forget the cash splash, and julia's stupid twisting of policies to help her union mates at latter times, the public never quite trusted julia's judgement again. And she paid the price. Barry's got the same problem. With the increasing in income inequality in the US, the general public seems to have an uneasy feeling about the justice of policies since 2008, and agin it shows. Doesn't matter that Barry tries social policies...there is the lingering doubt that his judgemnt has left the rich just too well off, and the general population paying. The public is right. Too few were punished.
Maurice has attacked the unions, he has now attacked the ABC. Either Tony doesn't feel he carries the gravitas to be a national spokesperson( he isn't anyway), but he must get some broken down business hack, of dubious background and heritage after the 2007/2008/2009 fiascos to try to man up for him.
What appalling leadership to use unelected, and unelectable, hacks to try to appear to prove public solidarity on policies. What an appalling way to treat both the population, and the concept of policy consensus building. Julia was inferior, and so to is tony. Barry is inferior, bit so too was Dubya. Cameron/brown/blair. Any country, any leader. I don't know what happened to the air in 2007/2008/2009. But all countries, everywhere, have very poor leadership. Man the barricades, i feel some Napoleon, somewhere, lurks.
Friday 27 December 2013
SECTION FOUR, PART THIRTEEN
You Wonder, Why?
Past christmas, and a number of technology users get frozen out of being able to access systems, either through inadequate servers, systemic overloads, or just straight poor design of load features. nintendo freezes all countries apart from Japan and US. Some "stores" can't open because of design flaws. See if we can spot the problem here. Some decision-making person, or cabal of people, have decided that even if you have legitimately paid your money to buy some Product/service which ultimately depends upon access to modern download, or WiFi technology, then you are arbitrarily chosen as the person not to receive that service.
Let's try this in another format. I go to the market, give you my money to buy the potato, and you refuse to give me the potato. Do i get my money back. NO! That is apparently how it works these days. Some people pocket the money but immediately become unaccountable for the outcome, or delivery of anything. What a farce modern economic systems have become if this is tolerated as acceptable commercial practice. There is no sense of equality, or honesty for that matter any more. And if the behaviour is tolerated, then it will take on a more egregious form next time. That is how systems work...they tend to find the extremum of every behaviour type, until they are drawn back into line.
Time for technology to be re-imagined as a public infrastructure asset, and removed from the whims, and peccadiloes of lesser, unaccountable decision makers. Time for the fraudsters of this world to be called out for what they are, and immediately give the money back, or go to gaol, or get frozen out of some markets. Time for honesty, and fairness, to be re-invented, and repositioned as IMPORTANT.
AND TIME FOR OUR ELECTED REPRESENTATIVES TO RECOGNISE THAT THE POPULATION DOES NOT HAVE TO TOLERATE EGREGIOUS PRIVATE SECTOR MISBEHAVIOUR SUCH AS THIS.
We need a revolution in thought, about how systems are supposed to work. We cannot tolerate some who get obscenely rich, but not accountable for the delivery of anything. Some assets deserve non arbitrary decision making, and the public deserves nothing less than fairness. A new mechanism is needed if these bare minimums cannot be delivered.
Tuesday 17 December 2013
SECTION FOUR, PART TWELVE
You Wonder, Why?
Christmas Cheer. We have Gonski leaving the Future Fund to the job of Chair of ANZ bank. Forget that he cannot run Investec! Give the FF to Peter Costello....he set it up. Shame that he doesn't know shit about the governance of a proper investment fund.....when has skill been a requirement for any task. Bernanke leaves, and the whole world suffers for his poor judgement, and ego.
I just had a clown of a neighbour swearing loudly at his spouse all day. When i challenged him about his volume, he stated that he did not have to listen to me. Perfectly true. I wish i hadn't had to listen to him. Suffer manners these days. Do I call the police? Do they think i am a whinger? I wish to walk down the road....i do not need to feel threatened. If i do, then i can protect myself. I need to get some weapon to respond to the nastiness which surrounds us. People think they can tax me, cost me, impose upon me, threaten me, inconvenience me, interpret me, boss me, shit on me. I DO NOT DO THIS TO THEM. TIME TO RECLAIM THE LAND. Inequality has to stop. MERRY CHRISTMAS, and i hope you all get the weapons you need to defend your lifestyle.
Wednesday 11 December 2013
SECTION FOUR, PART ELEVEN
You Wonder, Why.
As i have commented previously, the social contract demands fairness, justice, honesty, and non arbitrary rules based application of judgement, so that we don't all just spin off and start killing or inflicting physical violence on each other to get by. Psychological violence is another matter, and probably left for the next series.
Leadership requires that certain individuals are able to understand and apply these concepts for the public good. But a funny thing happened during the GFC. Decisions were so fragmentary and arbitrary, that it has left the current group unable to fathom what is required, and part of this arises, as i have commented before, because so of the perpetrators of what both caused, and resulted from the GFC, have not been adequately punished, at least from what the public sees. So the current crop of buffoons who pretend to be leaders have no prism by which to examine their frame of decision making.
This weeks case-in-point, the current debate about General Motors closing its car manufacturing facilities in Australia. General Motors made the call based upon the argument that Austrlia's cost base is too high. This presumably relates to both labour and material costs, and in this regard, there is one singular cause.....the high relative value of the currency.
You see, when the bean-counters in the US look at global costs, the high Australian dollar distorts both labour and material costs, and makes them appear quite high. Of course, the high Australian dollar is a direct descendant of the egregious money printing, and competitive devaluations, of major other currencies as they have attempted to out spoon each other over the period since 2008. So Australian motor vehicle manufacturing has been diminished as a direct response of policy decisions designed to destroy our manufacturing, and keep overseas manufacturing alive. Forget free trade, and allied protectionism, arguments. That a foreign company can determine to close australian activity, when it has been economically jeopardised by vacuous and egregious policies in their home country....then you have just established the policy argument for local ownership having priority over foreign. It is not in australia's long term interests to lose this capability....but there you go.
Leadership......no the real problem is the bully boy behaviour. Julia gillard did the wrong thing on a number of her policies by falsely tipping the playing field towards her union mates as a reward for installing her as leader. MAKE NO MISTAKE HERE....the power-lust to be the first female leader was more important than fairness, and so it stained her decision making, and hopefully her legacy.
The SRC minded current idiot of a PM knows that by losing car manufacturing in Australia, then he is continuing to hobble the union movement, because the auto manufacturing area is one of the last truly significant industries for union power, and representation.
This is not about anything other that school yard policies, and Australia is worse off for it.
What say some of the unemployed auto workers get their guns out, and shoot some bankers ( who seem to have done quite well out of the protection afforded to them during the GFC ). You see, fairness don't exist here, policy is arbitrary, and as such, since the leaders don't vouch-safe the social contract, then it really is the law of the jungle out there.
Thursday 5 December 2013
SECTION FOUR, PART TEN
You Wonder, Why?
Mandela dead! Lots of public grief. If he really was an element of reconciliation, why are so many jarpies in Australia. Obviously they dont like the rainbow kingdom as much as they should. My problem. Jarpies are nasty people. The combo of dutch, jewish, and german generated a nasty type, who obviously hated africans, and years do not pacify.
Time to go home....but Zuma dont help. The poms fought a war there. They should have finished the job. Nasty people, nasty style. Nasty is not a social contract concept....but i aint met enuf to change my mind, so they aint part of my world.
Saturday 30 November 2013
SECTION FOUR, PART NINE
You wonder, why?
Quick one. David Gonski. Investec closing operations. Judgement. Not David's. people who listen to David. Too many people. Whose judgement is flawed. Too many people. Sorry. Not good enuf. The court's advisors are seriously flawed, and their recognition of his inadequacies, suggest their judgement is flawed. This world is flawed. Time to pull out the rocks. In Germany, 1930's, kristalnaght was close.
Social contract deserves honesty....nay, demands honesty....self interest, and poor judgement by leader-aspirants, has no role. Time for barricades.
Thursday 21 November 2013
SECTION FOUR, PART EIGHT
You Definitely Wonder, Why?
It didn't take long for Tony to be exposed. Within a few months of taking over as PM, the 50's thinking goober wants to play machismo with a country with 10 times Australia's poplation, by refusing to say sorry for spying on you, and your spouse, and your senior ministers. Forget the " everybody does it " excuse...everybody knows that everybody does it. You are making the same statement as I have two legs. But "respect" say that the line should have been.." If i had known i would have exercisd more,direct control over the policy". Tony receives a lot of very poor advice, by some obviously fervent supporters. How many times will we see foreign dignitary scenes, where the camera pan picks out images of Peta Credlin. His policy advisor appears just a little too frequently for me not to be unconcerned about her influence. Is Tony that bad a decision maker, that he cannot handle those set piece moments, without her looming into the frame. All too unelected for my liking.
They say Tony likes Maurice Neumann, last week's special. He also listens to David Murray. David comes with some heritage. From his union busting/contract busting period as head of the Commonwealth Bank......if you ever meet him ask what did happen to the Admiral's outfit he wore to one major meeting of staff during the 90's, trying to both steer , and right the ship , no doubt.....
Tony's given David the gig of examining the financial system, to ensure that it is competitive, and fair, and all those noble sounding concepts. Now of course, David was one of those coterie of banking heads who presided over the downsizing of the bank branch systems, so that in able to compete with the offshore banks, determined that it was good policy to treat retail customers with contempt, and significantly lift the needs for the banks to rely on wholesale funding markets...typically offshore. So David, and his cohort, were the very ones who jeopardised the nature of the financial system when wholesale funding dried up in 2007 and 2008. Luckily David had moved on by this stage...to head up the Future Fund....itself having a colourful role in 2008 when it became a form of lender-of-last-resort to banks to help supplement some of the foreign withdrawal of that wholesale funding. Suddenly all the bank strategies of showing contempt for retail deposits became horribly exposed for its short sightedness...and only an egregious taxpayer put option of government protection of deposits that steadied the banking system.
So does David really represent the best, and most qualified, Australian to conduct a competitiveness audit of the financial system, let alone have any vague conception of what fairness really is? I am sure James Packer, and the Barangaroo casino/hotel thinks David is swell....just not sure about fair!
Like Yellen, people who were part of poor prior decision periods don't seem to suffer for the damage they have inflicted.
I really do feel that the social contract, and justice/fairness for the population, are coping an overwhelming drubbing at present. Maybe time will tell, but i really have my doubts, and leadership is not particularly inspiring. Tony....this ain't an SRC meeting anymore. Grow up, and start making better choices.
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