Monday 21st of August 2017

John Richardson's blog

a ponzi scheme ...

a ponzi scheme ...

Profit is theft, in our current economy. That is the profound conclusion that must be addressed. But surely no one will agree with this on its face. It sounds equally absurd. But corporate/ceo/shareholder profit would not exist if workers were paid the full value of their work. All workers contribute to the profit or losses of a business. But in traditional capitalist practice, only the owners or shareholders receive the profits while 99% of the workers - the working class minus management usually - receives a static wage. And this wage *must* be depressed lower than the full value of their work otherwise profit could not exist.

'strayla ...

'strayla ...

I been to cities that never close down
From New York to Rio and Old London Town
But no matter how far or how wide I roam
I still call Australia home-ophobic

 

 

 

organised crime ...

organised crime

‘Rent-seeking’ is a term understood by most economists. It refers to the ability of powerful groups to extract special concessions and favours at the expense of the wider community.

the fear meme ...

the fear meme ...

How much fear do we want? Enough of it preserves our lives. Too much of it diminishes our lives. Currently, the balance is skewed by an overload of fear. Anxiety, its clinical name, is in epidemic proportions.

on luck ...

on luck ...

We celebrate our good luck in Australia but, writes Dr Samuel Douglas, when things don’t always go our way, we’d be glad to live somewhere that values the "fair go".

what's app ...

what's app ...

It's been a pressing theme for Australian authorities since September 11: certain spaces of communication are to be questioned and controlled. Despite amassing a set of rules and regulations that make Australia a leader (in a dubious sense) in accessing communications, the Turnbull government wishes for more.

business as usual ...

business as usal ...

the 25% ...

the 25% ...

We are being lied to - official poverty rates need to be doubled since data on unemployment and income markers is derived from inauthentic starting points, says Gerry Georgatos.

playing the village idiot ...

playing the village idiot ...

on trust ...

on trust ...

open season ...

open season ...

We need a royal commission into the corruption and decay of Australian politics

looking for real Labor ...

looking for real Labor ...

The result of the British election should produce seismic change in Australian politics. But it almost certainly won’t.

Orwell would be pleased ...

Orwell would be pleased ...

Within hours of the bombing at Manchester Arena last month, police had identified the lone wolf suicide bomber they alleged was behind the attack.

self-inflicted wounds ...

self-inflicted wounds ...

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