Many economists praise money for being a great medium of exchange. They would argue that money is a vital part of our capitalist world as it allows for trade to be carried out efficiently and effortlessly. Instead of me having to give you three loaves of bread for a bunch of bananas (as seen in a barter economy), I can instead give you a couple of lightweight coins or pieces of paper. I can see this as an advantage, however, I think the real reason for using money, or at least, one of the main reasons capitalists do not want to get rid of money, is that it is a great way to horde wealth in secret without the little people getting angry with you.
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Government and capitalism are two sides of the same coin. Nobody is arguing that modern-day governments don’t need capitalism. A government can’t function without the precious tax revenue that capitalism affords. On the hand, I would argue that capitalism needs government.
Capitalism without government, i.e. the free market, is like an out-of-control steam train hurtling down the line. The goal is to reach its destination as fast as possible. Without regulation, the train will eventually come to a curve in the track and derail, killing and maiming many of its occupants. The government are the engineers, the train operators, the railway signals. They are vital in keeping the train and its passengers safe.
Capitalists would argue that if only the government would stand aside and let the free market take the reins, everything would be okay. But clearly, that would end in disaster. Between 1936 and 1969, the Cuyahoga River in Northeast Ohio caught fire numerous times due to the large amount of pollution caused by industrial waste. The free market did nothing to clean it up. It required the government to intervene and impose a $1.5 billion cleanup fee.
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I’ve done a little bit of a case study over the last couple of years regarding a massive shopping centre redevelopment occurring right here in my little city of Toowoomba. This shopping centre could be described as a microcosm of the free market in action.
The redevelopment doubled the size of the shopping centre to approximately 90,000m². For Toowoomba, that’s huge! They had to knock down an old shopping centre in the process, one that was still in pretty good condition. But that’s not how capitalism works, right? Out with the old, in with the new!
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But the centre has had a devastating effect on the city centre. If you walk down the CBD, you’ll see what I mean. Large amounts of shops lay empty. “For Lease” signs are posted everywhere.
Within the new part of the shopping centre, there’s a central avenue which contains mainly high-end fashion shops. They’re selling goods that the average person can’t afford. Their workers just stand around, hoping for the next customer. Are these shops successful? No. Are their stores empty? Yes. Are those workers contributing greatly to society? No. They're just there for the paycheck.
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Eventually, all of these shop owners will either end up in massive debt, or bankrupt. They’ve probably signed five-year leases, so are legally powerless to do anything except try to make ends meet. The "free market" has failed them. Debt has fuelled this crisis. Banks are giving out loans to anyone with a business plan.
My wife used to work in the centre for an Asian restaurant. They were consistently underpaying her, so I kicked up a stink. I we
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https://www.youtube.com/watch?v=FWB7ayq_f6I
Australia’s welfare system has been described as “punitive”, “cruel”, and “damaging”. Unfortunately over the last six months, there have been an unprecedented number of Australians needing welfare assistance from the Government thanks to the lock downs and so on. To rub salt in the wound, the Minister for Families and Social Services Anne Ruston revealed last week in a Senate Estimates hearing that the Government does not use a definition of poverty. She said, “The Government doesn't have a measure of poverty, which has been the practice of successive governments, because our payments system is very comprehensive and specifically targeted towards providing the policy outcomes that are defined by the particular support measures blah blah blah”. Basically that’s code for, “If the Australian Government don’t measure poverty, then perhaps it doesn’t exist?”, or more strongly, “Australia doesn’t have a poverty problem because the Australian Government say so”. Of course, critics have jumped on this and said that “Australia's welfare strategy has become more about deterring recipients and feeding bureaucracy than providing support”. In this video, I walk through an example letter that shows just how complicated the Australia welfare system can be for recipients. The ostensible goal of this is to make things EASIER for recipients. What I’ve learnt from reading this letter is that the Australian welfare system, is bulls**t!
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#centrelink #welfare #australia
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https://www.youtube.com/watch?v=amD4a1-8Aao
Wax Beans for All! Yes, I’ve had to resort to using the term “Wax Bean” instead of saying the actual word that starts with V. When it comes to wax beans, make sure to get your free wax bean as soon as you can. They simply push it into your arm, and you will be protected from the terrible Kimono Iris. Yes, this terrible iris flower, often found on the surface of Japanese Kimonos can be completely stopped by sticking a wax bean in your arm. Apparently, YouTube don’t like me talking about wax beans. I have it on good authority that my latest videos are being demoted by YouTube (and possibly my channel-wide videos as punishment). Personally, I hate censorship. I think what YouTube is doing is completely wrong. You’d think that YouTube’s owner’s Google, who have actively been censored themselves in mainland China, would be less inclined to censor their own users, but it has become abundantly clear that YouTube don’t care about freedom. They’ve become the very police state that they once claimed to despise.
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Over the last five or six months, our fence has been falling down. Despite repeated complaints to the property manager, nothing has been down about it. The owner simply does not want to fix it. Our backyard is now open to the street. Just the other day, a large dog wandered on in while my kids were playing out the back. Luckily they ran inside and nothing bad happened, but this isn’t the first time that it’s happened. Basically, my kids can’t play out the backyard unless an adult is out there actively patrolling the perimeter. But despite this, they decided to jack up the rent last month. Out of respect to myself, I refused to pay. I said I’m not signing the new lease if the owners are refusing to fix anything. The property manager just told us that if we don’t sign, they’ll basically kick us out. She said, “We can easily find somebody else in this market”. And that’s the state of being a renter in Australia at the moment. No power. We’re at the whim of greedy owners. So why can this happen? Well, as many of you would know, house prices are rather crazy here in Australia at the moment. Australian house prices are rocketing up, at least, according to the pundits: “Australian house prices to rise by 15 per cent this year but slow in 2022”; “House prices reach yet another record level due to ‘perfect storm’ of low interest rates, improving economy”; “Australia’s housing boom rolls on with national home values lifting another 2.2% in May”. Many people have told me that it’s a horrible time to buy, but yet, everyone’s buying. Why? Well, it probably has something to do with record-low interest rates. As rates go down, what goes up? House prices and debt! As it becomes cheaper to borrow, people borrow more, and inevitably house prices go up. Yes, Australians are in a record amount of debt just so they can say that they are living the Australia dream – “A belief that in Australia, home ownership can lead to a better life and is an expression of success and security”. From my experiences in the last six months, it’s become more of an Australian Nightmare.
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MUSIC
Landing by Godmode
#HousePrices #Australia #RealEstate
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https://www.youtube.com/watch?v=PTHe5libU2M
Divided we fall. Some people may mistakenly believe that the government are here to help us. But that’s not their purpose at all. Their only purpose is maintain their power. They may dress in fancy suits. They may wear modern-looking spectacles, but the tactics they use are thousands of years old. “Divide et impera” – Divide and conquer! It’s a very simple, but effective strategy that has been used, and is in use by governments across the globe. The powers that be foment discord among the people to prevent a rebellion against the elites. That is, when the people are fighting each other, they don’t have the ability to fight the government. In this video, I will discuss three ways that the Australian Government are keeping us divided, and what we can do to counter it.
1. The Voice. The government are telling Australians that the only way to solve racial inequality in Australia is by us setting up a special Indigenous Voice to Parliament where membership is based entirely on one’s ethnicity (or ancestry, or racial background). “This will unite us!”, they tell us with a straight face. It’s absurd. “We’ll unite you by dividing you”. Of course, their goal is not to unite us. Their goal is to divide – “divide et impera”.
2. Racial Questioning. People claim that there is institutional or systemic racism here in Australia, and I agree, there is, but it’s not what they say it is. They claim that there is some kind of deep-seated racism embedded in our institutions. It’s hard to see, but very real. I call BS on that. The systemic racism I see is very apparent. It’s obvious. And not only that, it’s endorsed by the government. The most familiar form to most of you, if you’re Australian, would be this question: “Do you identify as an Aboriginal or Torres Strait Islander?”. Of course, the government will claim this is not racist at all. They’ll claim they’re trying to help people. Again, they’re saying the opposite of their true intentions. The only way to solve racial inequality in Australia, is by categorising you by your race! It’s absurd.
3. Racial Job Ads. Again, the government, or the universities will claim that these ads aren’t racist, and that they’re just trying to help people. Here’s an actual ad from Seek, “Field Officer, Enhanced Bushfire Management Program” by the NSW Department of Planning. Further down they state, “This is an Aboriginal Identified role where Aboriginal identity, cultural knowledge or connections are a genuine aspect of the role. Positions are specifically noted under the provisions of the NSW Anti-discrimination Act”. See how they use the language? Anti-discrimination, not discrimination. Is this what Aboriginal people want? Jobs allotted to them because of their ethnicity? Personally, if I was Indigenous, I would never apply to these jobs. How can one’s ethnicity define your skills? Your skills depend on where you’ve grown up, or where you’ve studied, not your DNA. This is just another way for the government to keep us divided.
So in summary: How the Australian Government Divide Us.
1. They try to further divide us by voting on controversial constitutional amendments (e.g. The Voice). But it’s easy to counter, just vote No.
2. They try to keep us divided by questioning your ethnicity/ancestry/racial background on official forms. Again, this is easy to counter. Just refuse to answer.
And 3. They claim that certain jobs can only be done by people of a certain ethnicity. That somehow your DNA affects the skills you can and can’t do. Either A. Don’t apply for these jobs, or B. Never reveal your ethnicity and call them out on their discriminatory BS.
In conclusion, the government seek to divide you. Don’t let them do it!
ULURU STATEMENT FROM THE HEART
https://ulurustatement.org/the-statement/view-the-statement/
FIELD OFFICER, ENHANCED BUSHFIRE MANAGEMENT PROGRAM
https://www.seek.com.au/job/69377832?type=standard#sol=cddf252c3f6c9df40b3c31ffb68b057bb0f1cae7
MUSIC
Allégro by Emmit Fenn
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https://www.youtube.com/watch?v=Pyvz7pf-iYA
We take a look at some of the factors influencing Australia’s progression towards a cashless society. Within a month or two, there will be a New Payments Platform (NPP) that will launch in Australia making it possible to pay anyone almost instantaneously.
Banks will start offering something called a PayID which will be something easily rememberable such as your mobile phone number, or email address. It will allow you to make a payment to anyone nearly instantaneously.
At first, only a few banks and institutions will be on board, but ultimately (probably by the end of 2018) all financial institutions will be using it. Gone will be the days where we have to give someone our BSB and Account Number – a very error prone process indeed.
Will this progression towards cashlessness hurt us? Or will it be a great benefit to the economy and society as a whole? Time will tell.
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RELATED LINKS
What is the New Payments Platform?
http://www.nppa.com.au/what-is-the-new-payments-platform/
Who is involved in the New Payments Platform?
http://www.nppa.com.au/what-is-the-new-payments-platform/who-is-involved/
PayID Simple As
http://www.payid.com.au/
PayID FAQs
http://www.payid.com.au/faqs/
Is Australia on the brink of becoming a completely cashless society?
http://www.abc.net.au/news/2017-03-27/is-australia-on-the-brink-of-becoming-cashless-society/8377288
Australian cities among world leaders in cashless transactions: Visa report
http://www.smh.com.au/business/banking-and-finance/australian-cities-among-world-leaders-in-cashless-transactions-visa-report-20171121-gzps56.html
Shopping centres prepare to go cashless as ATMs disappear
http://www.smh.com.au/business/property/shopping-centres-prepare-to-go-cashless-as-atms-disappear-20171130-gzvtk8.html
Thousands of school canteens adopt cashless technology
http://www.heraldsun.com.au/kids-news/news/thousands-of-school-canteens-adopt-cashless-technology/news-story/8df772957600061ebff994cdbafd59b1
Why a ‘cashless’ society would hurt the poor: A lesson from India
https://theconversation.com/why-a-cashless-society-would-hurt-the-poor-a-lesson-from-india-79735
How Australia's move to a cashless society is damaging millennials
https://www.businessinsider.com.au/how-australias-move-to-a-cashless-society-is-damaging-millennials-2017-12
#dailyrantaustralia
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https://www.youtube.com/watch?v=dk210TDcA1M
Australian property prices are in the news again, as they always seem to be of late. In February 2019, the latest figures from CoreLogic show that property prices fell a further 0.7% nationally, with Perth and Darwin experiencing the greatest declines, slumping 1.5 and 1.7% respectively. Sydney and Melbourne both fell 1.0%, while Hobart was the only capital where house prices went up (by 0.8%). Even places like Brisbane and the regional centres are running out of steam, both falling 0.3%.
In terms of annual growth, or lack thereof, Sydney and Melbourne are leading the pack with falls of 10.4 and 9.1% respectively. Perth and Darwin have also suffered significant losses at 6.9 and 5.3% respectively. Hobart is the only state capital to show any signs of a property boom with a gain of 7.2% over the last year. Personally, I don’t want to live in Tasmania, so I find that quite surprising.
Taking a look now at median house prices. It can be seen that Sydney and Melbourne are still the most expensive markets at around $789,000 and $629,000 respectively. Canberra comes in next at around $594,000. The other capitals are hovering around the $400,000 to $500,000 mark.
Tim Lawless, head of research at CoreLogic, says that price falls are now extending well beyond the previously booming Sydney and Melbourne markets. He stated:
“Every market in Australia is losing steam. We are seeing this downturn becoming quite widespread geographically. I think that's a real indicator that lending conditions are throwing quite a dampening blanket over the market entirely.”
In addition to tougher lending standards, Mr Lawless also mentioned some other factors that are potentially hurting the property market. He said:
“We've seen a lot of new supply coming into the market from newly constructed housing, especially in the high-rise apartment sector, we've seen a real slowdown in foreign buying activity and, of course, we're also still seeing affordability challenges in markets like Sydney and Melbourne, despite the fact that values have come down in Sydney now by 13% and in Melbourne by nearly 10% since the peak.”
Mr Lawless also spoke of the increasing number of properties on the market due to a lack of buyers. Consequently, owners are less likely to want to sell due to the falling market. He said:
“We're seeing vendors, understandably, are quite reluctant to be putting their property into the market when selling conditions are quite challenging. Compared to last year, the number of new listings being added to the market is down by nearly 20% across the capital cities. But, because properties are taking longer to sell and we've seen buyer numbers fall by around 15% or so over the past year it means total inventory levels out there are now very high. So buyers h
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https://www.youtube.com/watch?v=o4epUCz37gM
My wife’s cousin is a health worker in a public hospital in the northeastern Chinese province of Liaoning. Recently, he sent my wife a photo of himself at work. He was essentially dressed up in full biological protective gear. His province has had at least 50 confirmed cases of the so-called 2019 novel coronavirus (2019-nCoV), but many Chinese say that this is being under-reported. My wife and him got talking about how much he was getting paid for what many would consider to be hazardous work. The answer came quickly and wasn’t very surprising (at least not for me). Zero. He’s not getting paid even though he’s interacting with patients on a day-to-day basis who potentially have coronavirus. This makes some sense in that in times of national emergency, some staff would volunteer their time to help combat the contagion that is crippling their country. However, he didn’t volunteer. He was told that he had to come into work whether he liked it or not. I asked my wife what would happen if he didn’t. The answer was simple. He would lose his job and never be allowed to work in a hospital, or hold any other government job, ever again. Justice (or injustice) is swift in the People's Republic of China.
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OUTRO MUSIC
Fortress Europe by Dan Bodan (https://www.youtube.com/user/danbodan)
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https://www.youtube.com/watch?v=VoKAmi6-zDc
Google are in for the fight of their lives in Australia. They don’t like the new media bargaining code and have consequently released a campaign to convince Australian users that Google are the victim. Managing Director Mel Silva claims that “Paying for links breaks the way search engines work”. Oh that’s funny. The last 50 times I used Google, I somewhat remember paid links being shown at the top of my search results. Oh, I thought paid links broke the web Mel? Apparently they don’t if Google’s receiving money, but if Google have to pay money, oh, heaven forbid! The web is broken! Google and Facebook dominate web search and social media, respectively, in ways that echo the great US monopolies of the past: rail in the 19th century, then oil and later telecommunications in the 20th. All these industries became fundamental forms of capitalist infrastructure for economic and social development. And all these monopolies required legislation to break them up in the public interest. Look, I understand Google have brought a lot to the world, but unfortunately, they’ve become too big. And what happens when a company becomes too big? They start hurting the very people that they were supposed to be helping… their users! Once users stop using Google, it’s game over.
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80's Video Game Death by Sir Cubworth
#Google #BigTech #failure #monopoly
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https://www.youtube.com/watch?v=RH-iKIHEg84