Sunday A real business is either a response to an existing market demand, or a response to a predicted market demand. Both have the potential to create wealth. There is a third type of business. These are brought into existence in order to comply with, or avoid, regulations or taxes. Examples would be such things as tax accountants, bookkeepers, tax lawyers and … [Read more...]
West Australia, Gold and Secession
Wednesday https://www.brisbanetimes.com.au/national/western-australia/wa-gold-industry-hold-antitax-rally-in-kalgoorlie-20170918-gyjuay.html These protests by the West Australian Gold mining industry have some alignment with an earlier period of Gold miner discontent. When the details of federation were being discussed in 1900, West Australians were strongly opposed. … [Read more...]
The World of Today
Monday Socialism can be described, without controversy, as varying degrees of top down control of the economy; a system where goods, trade and labour are regulated by government. Capitalism can be described as an unregulated economy where people are free to produce and trade, to determine wages and hire and fire. Not one industry in any country today is free from … [Read more...]