Posted by: graemebird | February 23, 2009

Still No Argument Justifying Communist Nationalisation.

Only economic ignorance. Jason Soon didn’t offer an economic argument in the first place. So it amounted to treason for its own sake. He effectively just accused Costello of having some sort of fear. Some sort of phobia. He talks about Capital phobia. But in fact Jason is so ignorant its not clear that he knows what capital is.

Sinclair didn’t come up with an argument. Sinclair just seemed to say that if selling bonds to the communists is bad how is it that them nationalising our gear is bad. I say both is bad. Sinclair says that both is good. So we await Sinclairs justification for deficit spending as well as for nationalisation. All we really see is economic ignorance here. Sinclair hid behind someone else claiming that we were capital-dependent. This is something that is only a feature of the internal workings of Sinclairs feeble mind. The inflow of loan-money creates the trade deficits and not the other way around. This is ignorance on Sinclairs part and nothing grave would happen if the borrowing was reduced. Cambria came up with some motives why the Chinese were doing this and substituted this for an argument as to why we ought to change the rules for the benefit of Rio and the Chinese. This didn’t amount to an argument in favour unless we are making policy for Chinese communists rather than Australian taxpayers.

So in fact there is no argument made be these guys. If someone can find out where there argument is then do let me know.

Jason seems to feel that an argument isn’t necessary and that counterarguments can be neutralised by quoting.

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Responses

  1. It’s a government owned company buying the stuff not a government.

    THEREFORE ITS THE CHINESE GOVERNMENT BUYING STUFF AND THEREFORE ITS NATIONALISATION BY CHINESE COMMUNISTS.

  2. Chinese private equity firms own part of our debt. Does than mean Australia is being partially nationalized by Chinese communists?

  3. Well yes we are. But not for the reasons you site in this individual example.

    We ought not have government debt. Sinclair hasn’t found a justification for deficit spending. He’s just used deficit spending to justify communist nationalisation.

  4. we have debt now. what do you propose we do if we can’t immediately cut it?

    BUT WE CAN CUT OUR SPENDING. WE SHOULD CUT OUR SPENDING. AND YOU, HUMPHREYS, SINCLAIR AND KIRCHNER ARE SUPPOSED TO DO YOUR JOB AND ADVOCATE THAT WE CUT OUR SPENDING. INSTEAD YOU ARE LOCKING OUR SPENDING IN AS SACROSANCT. WHAT IS YOUR ARGUMENT?

  5. Completely besides the point Birdy. We have debt, that is a fact. Part of it is owned by Chinese equity firms, that is a fact. Now why is that not partial nationalization?

    I DIDN’T SAY THAT IT WASN’T. BUT THATS A SLOPPY NAME FOR IT. WE WANT TO HAVE REASONABLE DEFINITIONS RATHER THAN BEING SLOPPY ABOUT IT. WE DON’T WANT TO BE IN DEBT TO THE CHINESE. BEING IN DEBT TO THEM IS A LOSS OF SOVEREIGNTY.

    Further, unlike the above mentioned facts, your claim that Sinclair is doing (DOING DEFICIT SPENDING? I SAID HE WAS USING THE FACT OF DEFICIT SPENDING TO JUSTIFY CHINESE NATIONALISATION OF OUR GOODS. LET ME CLARIFY THAT. HE SAYS THE CHINESE ARE BUYING OUR BONDS. THEN HE SAYS SO WHATS THE BIG DEAL WITH THEM NATIONALISING OUR GEAR. I SAY THAT NEITHER OF THESE THINGS ARE ACCEPTABLE.

    ….deficit spending to justify communist nationalization is pure speculation. You are just projecting your opinion about his motivations without a shred of evidence.

    NO I’M SAYING THAT HE DOESN’T HAVE A SERIOUS ARGUMENT. AND HE IS USING THE ARGUMENT THAT WE ARE ALREADY SELLING THEM BONDS AS AN EXCUSE TO SELL THEM OWNERSHIP OF OTHER GEAR. IN ECONOMICS AND IN REALITY NONE OF THESE IS JUSTIFIABLE.

  6. Can anyone come up with a justification for not cutting government spending?


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