-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: What's the most interesting small town you've visited in South Africa?
There is nothing wrong with beetroot.
- Thread starter Vrotappel
- Start date
Interesting article.
The focus on delivery and productivity needs to be a top priority.
I sometimes wonder how we have survived this long and how much longer we will survive with the amount of strikes we have in a given year.
The focus on delivery and productivity needs to be a top priority.
I sometimes wonder how we have survived this long and how much longer we will survive with the amount of strikes we have in a given year.
With under-the-table BEE deals, AA and a general lack of accountability, how can it?
general_koffi
Expert Member
It started off explaining the problem so nicely... Any 'economist' who will admit to the existence of the business cycle, and blames it on government intervention, is at least half-way sane.
It's loaded with unneccessary jargon, but I agreed with pretty much everything he had to say until he got here:
Slap me with a tuna fish and call me Heather... It starts off so nicely and rationally, and then it descends into a call for forced resettlement and veneration of the Chinese imperial tyranny.
The Chinese economy is in a bubble, my friend. A huge bubble, which is going to make a huge 'pop' very soon. They are bankrolling America's farcical "jobless recovery" by continuing to buy their Treasury bonds. They need to continue doing this, or America won't be able to buy the cheap, tacky crap they make. The Chinese can't rightly afford to have the US dollar turn into Zimbabwe dollars at this point, which it will do if US Treasury bonds don't get sold. Considering America's insatiable and incurable debt addiction, buying US Treasury bonds at this point is like offering to stand surity for a heroin addict's mortgage. When you're his drug-dealer. Their "growth" consists of a massive real-estate bubble in many of the East coast cities, such as Shanghai, as well as huge planned cities in the middle of nowhere, with hardly anyone living in them, and a boom in manufacturing that is totally out of proportion to any tangible and real consumer demand. The only people who are buying these things are speculators, which means that someone's going to realise the unsustainability of the pyramid scheme quite soon, and then down goes China's great "state capitalism" experiment. This is not even to mention their rapidly expanding military expenditure, which is always economically worthless to the country as a whole. If your source for the 'economic growth' in China is ultimately the Chinese government, then you are terribly naive. China has no significant local market for their goods, which means they go down when America and Europe go down, which they are in the painful process of doing.
It boggles the mind that one could think that forcibly resettling people to cities is going to solve any problems. The Chinese government does it so it can keep its wage-slaves on a short leash. Did forced resettlement and planned economic experiments around the Bantustans do the economy any good here?
People will naturally come to cities if there is work there, and it would probably also help if you stopped promising to give them Oom Jan's farm because some other white guy may have diddled your ancestors, or friends of your ancestors, out of their land in that area about 80 years ago. If you want to rescue what's left of the economy, you need to remove the government intervention that causes all the problems. There is nothing the government can do to help other than leave us alone. The promises they make are a load of codswallop. The money they take from us to pay for said codswallop is killing our country.
There is nothing wrong with 'fairness', in principle, and there is nothing more fair than a free and voluntary system of economic exchange free from political intereference. The problem is when Pretoria comes and and proclaims what is and what is not fair as positivist law. It deprives us of our human dignity.
It's loaded with unneccessary jargon, but I agreed with pretty much everything he had to say until he got here:
Slap me with a tuna fish and call me Heather... It starts off so nicely and rationally, and then it descends into a call for forced resettlement and veneration of the Chinese imperial tyranny.
The Chinese economy is in a bubble, my friend. A huge bubble, which is going to make a huge 'pop' very soon. They are bankrolling America's farcical "jobless recovery" by continuing to buy their Treasury bonds. They need to continue doing this, or America won't be able to buy the cheap, tacky crap they make. The Chinese can't rightly afford to have the US dollar turn into Zimbabwe dollars at this point, which it will do if US Treasury bonds don't get sold. Considering America's insatiable and incurable debt addiction, buying US Treasury bonds at this point is like offering to stand surity for a heroin addict's mortgage. When you're his drug-dealer. Their "growth" consists of a massive real-estate bubble in many of the East coast cities, such as Shanghai, as well as huge planned cities in the middle of nowhere, with hardly anyone living in them, and a boom in manufacturing that is totally out of proportion to any tangible and real consumer demand. The only people who are buying these things are speculators, which means that someone's going to realise the unsustainability of the pyramid scheme quite soon, and then down goes China's great "state capitalism" experiment. This is not even to mention their rapidly expanding military expenditure, which is always economically worthless to the country as a whole. If your source for the 'economic growth' in China is ultimately the Chinese government, then you are terribly naive. China has no significant local market for their goods, which means they go down when America and Europe go down, which they are in the painful process of doing.
It boggles the mind that one could think that forcibly resettling people to cities is going to solve any problems. The Chinese government does it so it can keep its wage-slaves on a short leash. Did forced resettlement and planned economic experiments around the Bantustans do the economy any good here?
People will naturally come to cities if there is work there, and it would probably also help if you stopped promising to give them Oom Jan's farm because some other white guy may have diddled your ancestors, or friends of your ancestors, out of their land in that area about 80 years ago. If you want to rescue what's left of the economy, you need to remove the government intervention that causes all the problems. There is nothing the government can do to help other than leave us alone. The promises they make are a load of codswallop. The money they take from us to pay for said codswallop is killing our country.
There is nothing wrong with 'fairness', in principle, and there is nothing more fair than a free and voluntary system of economic exchange free from political intereference. The problem is when Pretoria comes and and proclaims what is and what is not fair as positivist law. It deprives us of our human dignity.
Last edited: