Tuesday The enthusiasm with which our parliaments and their myriad departments produce regulations implies a belief that when a sufficient number have been enacted we will have a social and economic perfection. I am reminded of the saying ‘the road to hell is paved with good intentions.’ Yet they cannot cease their destructive impulses, for were they to do so, then it … [Read more...]
Between Scylla and Charybdis
Wednesday The situation of being between Scylla and Charybdis is a state that small business knows well. It is otherwise known as being between a rock and a hard place. The simple truth that ‘people build civilizations and governments destroy them’ seems terribly hard for people to grasp. Yet, it is profoundly obvious. It is private business that is the … [Read more...]
The Mighty Snails
Wednesday Australian businesses are burdened by regulations (useless ingredients), taxation, litigation and debt. All are increasing. Change is a constant; the speed and scope of change is not. The marketplace is now changing dramatically – and quickly. It is not small business operators that are at most threat, it is the corporations. Small … [Read more...]
Australia’s economy is likely to have slowed, the question is by how much?
Wednesday https://www.abc.net.au/news/2018-12-02/australian-economy-likely-to-have-slowed/10570146 The above article is from the ABC and, as usual, they best represent the out-of-touch with reality nonchalance of our ruling elite. Gross Domestic Product (GDP) is used as the measure of economic health. Essentially, GDP is composed of every penny spent; no matter how it … [Read more...]
China’s Great Leap Forward 2.0
Friday Socialism is the dominant ideology of our times. Even in the US, the home of freedom, looney-Bernie Sanders got a fair swag of votes. The problem, and it’s a big one, is that over the whole span of recorded history, socialism has never worked. Socialism relies on pre-existing accumulations of capital to finance its schemes. Once that is depleted, then the … [Read more...]