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sydneyfc1987
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Group: Forum Members
Posts: 10K,
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+x+x+x+x+x+x+x+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something. China is not a free market. The market is controlled by the Chinese Communist Party. They control the wages of their workers. They control the value of their currency. They control the terms under which foreign business do business there. They abuse their title of emerging economy. I'm talking of manufacturers here that shipped production off shore because it was cheaper. And "offshore" means China, Vietnam, Bangladesh, none of which are free market economies. The global economy is not a free market economy. Understood but when our manufacturers go off shore they are doing it based on free market principles here. What the politics are where it's getting made are irrelevant. We can't compete so business takes their business off shore. It's like people blowing up at China buying our farmland. Who's selling it to them? That's right, the farmers. Well, the politics can become relevant if we want them to be. The government can make whatever laws it wants to limit sales of farms to specific buyers, for example if its in the national interest. Because that's the sort of thing China would do if foreigners tried to buy Chinese farms. Its never was level playing field and it always was lunacy to engage in trade when that is the case. It's almost like you see government intervention in the free market as a good thing comrade?! Free market? What fairy tale world do you live in? There is no free market. The duty of government is act in the best interests of its citizens. If that means opting out of international trade which is contrary to that principle, than that's what should happen. So you're for government intervention in the free market. I agree. There should be far more of it. Glad we're on the same page. Same with standing up for "free speech".
(VAR) IS NAVY BLUE
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Muz
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Group: Forum Members
Posts: 15K,
Visits: 0
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+x+x+x+x+x+x+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something. China is not a free market. The market is controlled by the Chinese Communist Party. They control the wages of their workers. They control the value of their currency. They control the terms under which foreign business do business there. They abuse their title of emerging economy. I'm talking of manufacturers here that shipped production off shore because it was cheaper. And "offshore" means China, Vietnam, Bangladesh, none of which are free market economies. The global economy is not a free market economy. Understood but when our manufacturers go off shore they are doing it based on free market principles here. What the politics are where it's getting made are irrelevant. We can't compete so business takes their business off shore. It's like people blowing up at China buying our farmland. Who's selling it to them? That's right, the farmers. Well, the politics can become relevant if we want them to be. The government can make whatever laws it wants to limit sales of farms to specific buyers, for example if its in the national interest. Because that's the sort of thing China would do if foreigners tried to buy Chinese farms. Its never was level playing field and it always was lunacy to engage in trade when that is the case. It's almost like you see government intervention in the free market as a good thing comrade?! Free market? What fairy tale world do you live in? There is no free market. The duty of government is act in the best interests of its citizens. If that means opting out of international trade which is contrary to that principle, than that's what should happen. So you're for government intervention in the free market. I agree. There should be far more of it. Glad we're on the same page.
Member since 2008.
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Enzo Bearzot
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Group: Forum Members
Posts: 4.5K,
Visits: 0
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+x+x+x+x+x+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something. China is not a free market. The market is controlled by the Chinese Communist Party. They control the wages of their workers. They control the value of their currency. They control the terms under which foreign business do business there. They abuse their title of emerging economy. I'm talking of manufacturers here that shipped production off shore because it was cheaper. And "offshore" means China, Vietnam, Bangladesh, none of which are free market economies. The global economy is not a free market economy. Understood but when our manufacturers go off shore they are doing it based on free market principles here. What the politics are where it's getting made are irrelevant. We can't compete so business takes their business off shore. It's like people blowing up at China buying our farmland. Who's selling it to them? That's right, the farmers. Well, the politics can become relevant if we want them to be. The government can make whatever laws it wants to limit sales of farms to specific buyers, for example if its in the national interest. Because that's the sort of thing China would do if foreigners tried to buy Chinese farms. Its never was level playing field and it always was lunacy to engage in trade when that is the case. It's almost like you see government intervention in the free market as a good thing comrade?! Free market? What fairy tale world do you live in? There is no free market. The duty of government is act in the best interests of its citizens. If that means opting out of international trade which is contrary to that principle, than that's what should happen.
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Muz
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Group: Forum Members
Posts: 15K,
Visits: 0
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+x+x+x+x+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something. China is not a free market. The market is controlled by the Chinese Communist Party. They control the wages of their workers. They control the value of their currency. They control the terms under which foreign business do business there. They abuse their title of emerging economy. I'm talking of manufacturers here that shipped production off shore because it was cheaper. And "offshore" means China, Vietnam, Bangladesh, none of which are free market economies. The global economy is not a free market economy. Understood but when our manufacturers go off shore they are doing it based on free market principles here. What the politics are where it's getting made are irrelevant. We can't compete so business takes their business off shore. It's like people blowing up at China buying our farmland. Who's selling it to them? That's right, the farmers. Well, the politics can become relevant if we want them to be. The government can make whatever laws it wants to limit sales of farms to specific buyers, for example if its in the national interest. Because that's the sort of thing China would do if foreigners tried to buy Chinese farms. Its never was level playing field and it always was lunacy to engage in trade when that is the case. It's almost like you see government intervention in the free market as a good thing comrade?!
Member since 2008.
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moops
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Group: Forum Members
Posts: 3.6K,
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You may want to look into the LIMA agreement.
China is imploding from their aggressive stance, their property boom has busted and the CCP are suckling off the exemplaries to keep them afloat. Jack Mar and how many celebrities have had to give up their money to the party?
Globalism isn't dead, just look at the economic forum. They have boasted that they have insurgents in government, they have said their piece on their goals with which the UN has been complicite.
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LFC.
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Group: Forum Members
Posts: 13K,
Visits: 0
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+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah nah... I work in finance. You can hire a CPA from India with equivalent experience for 1/5th the cost in salary. that you can, I can purchase alot ex India as well, why, because the labour costs are way lower than here and just as China the FOB price is competitive. We never competed doing export business much from here from our car industry (that where I'm coming from), little dribbles by Holden to the ME due them loving V8's and they have the $$$$'s to pay more...... We should have been able to supply into Asia Pac and ME far better but was never in the ball park price wise.
Love Football
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Muz
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Group: Forum Members
Posts: 15K,
Visits: 0
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+x+x+x+x+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something. China is not a free market. The market is controlled by the Chinese Communist Party. They control the wages of their workers. They control the value of their currency. They control the terms under which foreign business do business there. They abuse their title of emerging economy. I'm talking of manufacturers here that shipped production off shore because it was cheaper. And "offshore" means China, Vietnam, Bangladesh, none of which are free market economies. The global economy is not a free market economy. Understood but when our manufacturers go off shore they are doing it based on free market principles here. What the politics are where it's getting made are irrelevant. We can't compete so business takes their business off shore. It's like people blowing up at China buying our farmland. Who's selling it to them? That's right, the farmers. Well, the politics can become relevant if we want them to be. The government can make whatever laws it wants to limit sales of farms to specific buyers, for example if its in the national interest. Because that's the sort of thing China would do if foreigners tried to buy Chinese farms. I ts never was level playing field and it always was lunacy to engage in trade when that is the case. Sure. But that's another argument. Besides I'm pretty sure when they draw up trade deals there's all sorts of quid pro quos regards innumerable things. (IE. You buy our iron ore and we'll make the most cursory checks with the FIRB about land acquisitions and not talk about Tibet or Taiwan.) 'twas ever thus....
Member since 2008.
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Burztur
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Group: Forum Members
Posts: 9.1K,
Visits: 0
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+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah nah... I work in finance. You can hire a CPA from India with equivalent experience for 1/5th the cost in salary. Which gets back to my earlier point: the basic idea behind globalization was that advanced economies would forego manufacturing to high population developing economies like China, India, south east Asia, who had the manual resources to manufacture cheaply, and instead transition to service based economies. Of course it never occurred to the stupid West that eventually those developing nations would train their own accountants, engineers, IT workers and compete for the same service jobs and with their lower standard of living, would happily work for less. So now the likes of India have both manufacturing, and service economies, what's left for the Western economies? Making coffee to each other? Agreed. It makes sense that certain aspects and businesses can be 'globalized', but there needs to be some limit/controls. I don't see the Western elite bothering though, since they're accumulating all this wealth from it.
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Davide82
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Group: Forum Members
Posts: 12K,
Visits: 0
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+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah nah... I work in finance. You can hire a CPA from India with equivalent experience for 1/5th the cost in salary. Which gets back to my earlier point: the basic idea behind globalization was that advanced economies would forego manufacturing to high population developing economies like China, India, south east Asia, who had the manual resources to manufacture cheaply, and instead transition to service based economies. Of course it never occurred to the stupid West that eventually those developing nations would train their own accountants, engineers, IT workers and compete for the same service jobs and with their lower standard of living, would happily work for less. So now the likes of India have both manufacturing, and service economies, what's left for the Western economies? Making coffee to each other? Don't forget dog salons
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Enzo Bearzot
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Group: Forum Members
Posts: 4.5K,
Visits: 0
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+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah nah... I work in finance. You can hire a CPA from India with equivalent experience for 1/5th the cost in salary. Which gets back to my earlier point: the basic idea behind globalization was that advanced economies would forego manufacturing to high population developing economies like China, India, south east Asia, who had the manual resources to manufacture cheaply, and instead transition to service based economies. Of course it never occurred to the stupid West that eventually those developing nations would train their own accountants, engineers, IT workers and compete for the same service jobs and with their lower standard of living, would happily work for less. So now the likes of India have both manufacturing, and service economies, what's left for the Western economies? Making coffee to each other?
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Enzo Bearzot
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Group: Forum Members
Posts: 4.5K,
Visits: 0
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+x+x+x+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something. China is not a free market. The market is controlled by the Chinese Communist Party. They control the wages of their workers. They control the value of their currency. They control the terms under which foreign business do business there. They abuse their title of emerging economy. I'm talking of manufacturers here that shipped production off shore because it was cheaper. And "offshore" means China, Vietnam, Bangladesh, none of which are free market economies. The global economy is not a free market economy. Understood but when our manufacturers go off shore they are doing it based on free market principles here. What the politics are where it's getting made are irrelevant. We can't compete so business takes their business off shore. It's like people blowing up at China buying our farmland. Who's selling it to them? That's right, the farmers. Well, the politics can become relevant if we want them to be. The government can make whatever laws it wants to limit sales of farms to specific buyers, for example if its in the national interest. Because that's the sort of thing China would do if foreigners tried to buy Chinese farms. Its never was level playing field and it always was lunacy to engage in trade when that is the case.
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Burztur
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Group: Forum Members
Posts: 9.1K,
Visits: 0
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+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah nah... I work in finance. You can hire a CPA from India with equivalent experience for 1/5th the cost in salary.
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Muz
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Group: Forum Members
Posts: 15K,
Visits: 0
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+x+x+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something. China is not a free market. The market is controlled by the Chinese Communist Party. They control the wages of their workers. They control the value of their currency. They control the terms under which foreign business do business there. They abuse their title of emerging economy. I'm talking of manufacturers here that shipped production off shore because it was cheaper. And "offshore" means China, Vietnam, Bangladesh, none of which are free market economies. The global economy is not a free market economy. Understood but when our manufacturers go off shore they are doing it based on free market principles here. What the politics are where it's getting made are irrelevant. We can't compete so business takes their business off shore. It's like people blowing up at China buying our farmland. Who's selling it to them? That's right, the farmers.
Member since 2008.
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tsf
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Group: Forum Members
Posts: 14K,
Visits: 0
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+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Imo the problem is people who buy.
When you walk past a shithole shop selling tshirts for $5 or people buying lighting from Kmart.
Not everything is meant to be cheap and disposable. People need to expect to pay for design and quality.
People deserve a fair wage, and the community need to not just consume mindlessly and change their mindset.
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Enzo Bearzot
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Group: Forum Members
Posts: 4.5K,
Visits: 0
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+x+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something. China is not a free market. The market is controlled by the Chinese Communist Party. They control the wages of their workers. They control the value of their currency. They control the terms under which foreign business do business there. They abuse their title of emerging economy. I'm talking of manufacturers here that shipped production off shore because it was cheaper. And "offshore" means China, Vietnam, Bangladesh, none of which are free market economies. The global economy is not a free market economy.
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Muz
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Group: Forum Members
Posts: 15K,
Visits: 0
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+x+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something. China is not a free market. The market is controlled by the Chinese Communist Party. They control the wages of their workers. They control the value of their currency. They control the terms under which foreign business do business there. They abuse their title of emerging economy. I'm talking of manufacturers here that shipped production off shore because it was cheaper.
Member since 2008.
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Enzo Bearzot
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Group: Forum Members
Posts: 4.5K,
Visits: 0
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+x+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something. China is not a free market. The market is controlled by the Chinese Communist Party. They control the wages of their workers. They control the value of their currency. They control the terms under which foreign business do business there. They abuse their title of emerging economy.
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Muz
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Group: Forum Members
Posts: 15K,
Visits: 0
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+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Yeah yeah blame the unions. When a person in China will work for $10 a day it's a bit hard to compete. Would you work for $2 an hour? I doubt it. Don't forget it's the free market that decides what and where to produce something.
Member since 2008.
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Enzo Bearzot
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Group: Forum Members
Posts: 4.5K,
Visits: 0
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+x+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more. Actually the biggest con perpetuated on Western workers and nations was that they didn't need "low value" jobs where they made things as they could all just enter service industries which of course would be plentiful and suitable for everyone...and of course no-one saw that was only until they started doing things like importing barely competent IT workers and engineers from India, for example.
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LFC.
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Group: Forum Members
Posts: 13K,
Visits: 0
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+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
thank the unions of the past pricing us out of the factory labour rates ridiculously and our stoopid Govs of the past subsidising trying to keep it here. Agree with you wholeheartedly selling off to offshore mobs is wrong, that should have been stopped 25yrs ago might I add and more.
Love Football
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Enzo Bearzot
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Group: Forum Members
Posts: 4.5K,
Visits: 0
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+xstrewth mate, you lefties know fekking nuffin of the real world, back to twitter ville with the other social justice warriors. https://www.telegraph.co.uk/business/2022/04/19/world-economy-risks-fragmenting-wake-russia-ukraine-war-imf/Russia and China threaten 'tectonic shift' in world economy, IMF warnsGrowth forecasts are slashed as body warns Ukraine war could mark end of globalisation
The world is at risk of splitting into two economic blocks as a “tectonic shift” puts an end to decades of globalisation. The warning from the IMF came as its economists slashed growth forecasts in the wake of Russia’s invasion of Ukraine. Britain’s economy was downgraded but is still set to expand considerably more quickly this year than European rivals Germany, France and Italy. There are fears China and Russia could create a financial system to rival the West after tough sanctions were imposed on Moscow. The West has ejected Russian banks from the Swift global payments messaging system and China’s UnionPay has stepped in to help Moscow after Visa and Mastercard suspended operations in the country.
Pierre-Olivier Gourinchas, IMF chief economist, said: “The war also increases the risk of a more permanent fragmentation of the world economy into geopolitical blocks with distinct technology standards, cross-border payment systems, and reserve currencies.”
He said this “tectonic shift” would carry huge economic consequences and is a major challenge to “the rules-based framework that has governed international and economic relations for the last 75 years.”
Brexit. Bad. Or Not.
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dirk vanadidas
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Group: Forum Members
Posts: 2.9K,
Visits: 0
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strewth mate, you lefties know fekking nuffin of the real world, back to twitter ville with the other social justice warriors. https://www.telegraph.co.uk/business/2022/04/19/world-economy-risks-fragmenting-wake-russia-ukraine-war-imf/Russia and China threaten 'tectonic shift' in world economy, IMF warnsGrowth forecasts are slashed as body warns Ukraine war could mark end of globalisation
The world is at risk of splitting into two economic blocks as a “tectonic shift” puts an end to decades of globalisation. The warning from the IMF came as its economists slashed growth forecasts in the wake of Russia’s invasion of Ukraine. Britain’s economy was downgraded but is still set to expand considerably more quickly this year than European rivals Germany, France and Italy. There are fears China and Russia could create a financial system to rival the West after tough sanctions were imposed on Moscow. The West has ejected Russian banks from the Swift global payments messaging system and China’s UnionPay has stepped in to help Moscow after Visa and Mastercard suspended operations in the country.
Pierre-Olivier Gourinchas, IMF chief economist, said: “The war also increases the risk of a more permanent fragmentation of the world economy into geopolitical blocks with distinct technology standards, cross-border payment systems, and reserve currencies.”
He said this “tectonic shift” would carry huge economic consequences and is a major challenge to “the rules-based framework that has governed international and economic relations for the last 75 years.”
Europe is funding the war not Chelsea football club
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dirk vanadidas
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500 container ships awaiting for Shanghai port to open.
Europe is funding the war not Chelsea football club
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Monoethnic Social Club
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+x+xCSL has been manufacturing vaccines for decades mate... alot of this rhetoric on rebuilding Australia's manufacturing capacity as a buffer against supply chain stress is a bit of a "flavour of the month" election year touch point .... by both sides mind you. Fact is local small to middle scale manufacturing here in Australia has had a massive boost in demand post Covid but the capacity and labour force just aren't there to make any significant difference until the "sweat shops of Asia" get the furnaces burning again. Things will be back to their regular old selves in the near future.... The good thing is that, many local private and government purchasing policies are now pro Aussie made and this will drive innovation for a while but we just can't catch the economy of scale anymore. Shipping fees for a 40ft container from China aren't going to be 20k forever... sadly. The new mRNA vaccine facility is different to the CSL stuff but yes they have been making them. I don't know about those shipping costs coming down. I haven't read anything to suggest they will. All I'm saying is if we are beholden to world events and decide to develop say rare earths (for example) in Australia (rather than just dig them up) because China are being cunce then that's good. Either have I mate but clearly pandemic labour shortages and now Ukraine crisis has caused a massive surge in transport costs, must be a spike rather than an overall trend otherwise we are all dooooooommmmmeeeed :) In an ideal scenario it lasts long enough to fortify and seed new manufacturing in Australia in critical industries and such to buffer us form this Orwellian NWO (I 100000% agree with you there) but then transport costs reduce again... Even shipping shit around Australia is killing us mate.
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Muz
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+xCSL has been manufacturing vaccines for decades mate... alot of this rhetoric on rebuilding Australia's manufacturing capacity as a buffer against supply chain stress is a bit of a "flavour of the month" election year touch point .... by both sides mind you. Fact is local small to middle scale manufacturing here in Australia has had a massive boost in demand post Covid but the capacity and labour force just aren't there to make any significant difference until the "sweat shops of Asia" get the furnaces burning again. Things will be back to their regular old selves in the near future.... The good thing is that, many local private and government purchasing policies are now pro Aussie made and this will drive innovation for a while but we just can't catch the economy of scale anymore. Shipping fees for a 40ft container from China aren't going to be 20k forever... sadly. The new mRNA vaccine facility is different to the CSL stuff but yes they have been making them. I don't know about those shipping costs coming down. I haven't read anything to suggest they will. All I'm saying is if we are beholden to world events and decide to develop say rare earths (for example) in Australia (rather than just dig them up) because China are being cunce then that's good.
Member since 2008.
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Monoethnic Social Club
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+xThe LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
Hahahahah sounds like you are describing the FFA ....... perfectly.
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Monoethnic Social Club
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CSL has been manufacturing vaccines for decades mate... alot of this rhetoric on rebuilding Australia's manufacturing capacity as a buffer against supply chain stress is a bit of a "flavour of the month" election year touch point .... by both sides mind you. Fact is local small to middle scale manufacturing here in Australia has had a massive boost in demand post Covid but the capacity and labour force just aren't there to make any significant difference until the "sweat shops of Asia" get the furnaces burning again. Things will be back to their regular old selves in the near future.... The good thing is that, many local private and government purchasing policies are now pro Aussie made and this will drive innovation for a while but we just can't catch the economy of scale anymore. Shipping fees for a 40ft container from China aren't going to be 20k forever... sadly.
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tsf
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The LNP only way of making money - selling off your resources and assets to foreign companies and countries will make sure it will never end.
I’t would be great if we had more production here, but we’ve had 15 years of a government that was anti progressive industries and ideas.
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Burztur
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Yup. I'm all for globalisation, but there are some core items which shouldn't be outsourced (like drugs).
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Muz
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Will say one of the positive outcomes of the covid thing and now the Ukraine thing is countries have started to realise that when supply chains break down it can really fuck up your business. Horrified to learn that 90% of all antibiotics are made in India and China. WTF? What if those fuckers all of a sudden said no, we're keeping those? (Read how they undercut US penicillin manufacturers and sent them broke.) https://www.marketwatch.com/story/china-has-cornered-the-market-on-antibiotics-so-the-u-s-must-rebuild-its-manufacturing-capacity-11619640612(See also rare earths.) https://www.mining-technology.com/analysis/is-china-using-rare-earth-metals-as-a-geopolitical-weapon/Australia is now building a vaccine manufacturing facility. Something you would have thought an advanced economy would have already. If nothing else countries are now bringing some manufacturing 'home' that can only be a good thing.
Member since 2008.
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