A white perspective of Racism and White Privilege in the US

Smurf1976 said:

As agreed in 1975, the entire world economic order at that point was thrown on the scrapheap and replaced with a race to the bottom on price alone. A race that could only ever be won by those willing to cut more corners than anyone else whilst a few reaped the rewards.

That we don't manufacture cars in Adelaide, that we don't manufacture tools in Hobart or steel in Perth, that we haven't addressed climate change and that we've got unaffordable housing are all ultimately tied to that as is our "reliance" on exploiting cheap labour overseas and running up debt which can never be repaid.

Politically, the big barrier to progress is that all sides struggle to admit they stuffed up. Both major parties in any Western democracy were on board with it all and most of the minor parties weren't much better. It's all tied together but the problem is that neither the Left nor the Right is willing to admit it.

Looking at the investment implications of all this, well if there's one thing that everyone has hopefully learned over the past few months it's that the unthinkable can not only happen but it can happen rather quickly.

Anyone who thinks concepts such as free trade and the current taxation regime are a given, is taking a rather large gamble. We could well see 90% tax rates and tariffs on pretty much everything - indeed the US had a 91% top rate until 1963 and the top marginal tax rate didn't drop below 70% until 1981. Here in Australia businesses were constrained by the Prices Justification Tribunal, imports were mostly subject to tariffs and so on.

We could of course see a move in the opposite direction or some sort of hybrid. Anything's possible and we're living in a world where the "debate" may well be non-existent in practice. You wake up and it's in. Done.

All this stuff is temporary in nature, change occurs, and anyone who thinks the current state of affairs is permanent could well find themselves in for a very rude shock. Invest with this in mind noting that race riots do, if they escalate, have the potential to be a trigger for change which could be in any direction and at very short notice.

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Chronos-Plutus said:

The rise of globalisation, in tandem with government policy to just sit back and rely on selling our iron ore and coal abroad, has in effect decimated Australia's industrial capacity. We took the easy path in just letting our manufacturing industries collapse while we discovered the honey pots of resources across our vast geographical home.

Resource rich nations tend to become lazy, which often leads to great economic disaster somewhere done the track. This is known as the 'Dutch disease': "Dutch disease is a concept that describes an economic phenomenon where the rapid development of one sector of the economy (particularly natural resources) precipitates a decline in other sectors." (https://corporatefinanceinstitute.com/resources/knowledge/economics/dutch-disease/)

Australia now needs to correct this economic phenomenon through the establishment and support of new industries in multiple sectors like:
- energy development in nuclear, hydrogen, solar, biogas, biofuel
- agriculture technology business
- large scale freshwater transfer/network infrastructure

Once we have mastered these sectors we can then export our expertise abroad, just like we do with mining today.

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Chronos-Plutus said:

This is known as the 'Dutch disease': "Dutch disease is a concept that describes an economic phenomenon where the rapid development of one sector of the economy (particularly natural resources) precipitates a decline in other sectors."

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SirRumpole said:

The basis of most technology today are microprocessors and related LSI microchips.

I see no reason why we can't or should not develope the capacity to design and manufacture these chips in Australia. We are virtually totally dependent on other countries for the basics of modern technology.

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dutchie said:

Ahhhhh Cheese , Edam, Gouda,.......

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Chronos-Plutus said:

These public servants should be banned from working for the Federal, State or Local government; or any political party. Damaging Australian heritage should be punished with hefty fines and a ban from all public service in any capacity.

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wayneL said:

Sow to the wind, reap a whirlwind.

https://www.newsweek.com/all-member...e-union-president-over-chief-kneeling-1510637



The entire special weapons and tactics (SWAT) Team of the Hallandale Beach Police Department resigned on Friday in response to Police Chief Sonia Quinones kneeling alongside protesters demonstrating against anti-black police brutality.


On Friday, City Manager Greg Chavarria received a memorandum dated June 9 from members of SWAT team. In the memo, the officers submitted their resignation. One of the officers was the newly elected president of the International Union of Police Associations (IUPA) Police Union......

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sptrawler said:

Yes how someone who works for a political party, can damage taxpayers property that will have to repaired with taxpayers money, should hang their head in shame IMO.

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Chronos-Plutus said:

Sure. I think we need to focus on perhaps 5 to 10 major industries and then we master it

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sptrawler said:

I did mention earlier in the thread, this will probably end up with mass resignations and women being the only police officers.

On a lighter note, I heard on the weekend a huge department store was looted by protesters, the only thing left in the store was work boots.

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Smurf1976 said:

As I see it, regardless of what specific activity turns out to be the best way to fix it, the first step is that there needs to be broad acknowledgement of the problem.

Our present model is based on digging vast holes in the ground, selling the minerals to others, and exploiting overseas workers and the natural environment so that we live comfortably.

That has numerous consequences from pollution to racial tension to housing affordability to underemployment and it's no coincidence that the problems many lament date back to shortly after we started going down this track economically.

Or in simpler terms - it's all an interconnected web of cause and effect. It creates a society far more divided than the previous version both economically and in terms of respect for others and perceptions of fairness and so on.

In that context I think it's worth bearing in mind for those who invest from a long term perspective that there's a lot of pressure on the current economic approach on account of these problems and it would be unwise to assume that current circumstances continue. Even if you're a long term buy and hold investor, it would be wise to be alert to such things and ready to pull the pin if appropriate.

Don't assume that, for example, the company you own shares in and which has mines somewhere overseas won't suddenly find its mines have been nationalised or something like that. Likewise things like critical infrastructure being compulsorily acquired by government or at least having prices regulated. Etc. We're in an environment of tension where such things may well occur. Be alert.

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Chronos-Plutus said:

As for the environment; I have no issue with mining provided that it doesn't compromise our natural resources of freshwater, prime agricultural land and the marine reserves.

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basilio said:

Except that it does ... Just to name a few
1) Effects of fracking on the vast underground water reserves which support thousands of sq miles of agricultur2
2) Effects of coal mining in Queensland on the Great Barrier reef ( not to mention water resources in teh mining process)
3) Acceleration of global warming with fugitive methane gas releases from NW development sites.

One of the biggest agricultural mining disaster in Australia occurred with the deeply flawed development of Underground Coal Gasification by LINC energy.

Sure mining is important. But make no mistake - the concerns raised about its impact on our other natural resources are very real and risk long term damage for very short term gains.
https://theconversation.com/expanding-gas-mining-threatens-our-climate-water-and-health-113047
https://www.queenslandcountrylife.c...-basin-coal-mines-greater-than-first-thought/
https://www.environment.gov.au/water/coal-and-coal-seam-gas/about
https://www.abc.net.au/news/2018-04...-serious-environmental-harm-ucg-plant/9632964
https://www.smh.com.au/national/the...oleum-industry-messaging-20191106-p5383n.html

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• 11th Hour Remnant Messenger was a group founded by two wealthy retired entrepreneurs who believed that whites were the true biblical Israelites.
• American Renaissance, is a "race realist and white advocacy website", formerly a monthly magazine, published by the New Century Foundation.
• American Freedom Party, formerly known as the American Third Position Party, is an American political party which promotes white supremacy.[12][13][14][15] It was founded in 2010, and it defines its principal mission as representing the political interests of white Americans.[16]
• American Nazi Party, is an antisemitic, neo-Nazi organization based largely upon the ideals and policies of Adolf Hitler's NSDAP in Germany during the era of the Third Reich. It also supports Holocaust denial.
• Aryan Brotherhood of Texas is, according to the Anti-Defamation League and the Southern Poverty Law Center, one of the largest and most violent white supremacist prison gangs in the United States, responsible for murders and other violent crimes.[17][18]
• Aryan Republican Army was a white nationalist terrorist organization.
• Aryan Nations, is a white supremacist neo-Nazi organization founded in the 1970s by Richard Girnt Butler as an arm of the Christian Identity group known as the Church of Jesus Christ-Christian. The Federal Bureau of Investigation has called Aryan Nations a "terrorist threat",[19] and the RAND Corporation has called it the "first truly nationwide terrorist network" in the US.[20]
• Asatru Folk Assembly, part of the racist ("folkish") branch of the Heathenry movement.[21]
• Atomwaffen Division, a Neo-Nazi terrorist organisation.
• Council of Conservative Citizens, is an American political organization that supports a large variety of conservative and paleoconservative causes in addition to white separatism.[22]
• Creativity Alliance, (formerly known as the World Church of the Creator) is a white supremacist political organization that advocates the racialist religion, Creativity. Mainly religious rather than political, the radical Creativity Alliance or Church of Creativity, founded by Ben Klassen in 1973, worships the white race itself rather than any deity, and advocates a radical form of white supremacism known as RAHOWA.
• EURO, is a white separatist organization in the United States. Led by former Louisiana state representative, presidential primary candidate and Grand Wizard of the KKK David Duke, it was founded in 2000.[23][24]
• Hammerskins, also known as Hammerskin Nation, are a white supremacist group formed in 1988 in Dallas, Texas. Their primary focus is the production and promotion of white power rock music, and many white power bands have been affiliated with the group.
• Identity Evropa is an American neo-Nazi and white supremacist organization established in March 2016.
• Ku Klux Klan, often abbreviated KKK and informally known as The Klan, is the name of three distinct past and present [25] organizations in the United States, which have advocated extremist reactionary currents such as white supremacy and nationalism. The Klan is classified as a hate group by the Anti-Defamation League and the Southern Poverty Law Center.[26] It is estimated to have between 5,000 and 8,000 members, split among dozens of different organizations that use the Klan name as of 2012.[27]
• National Alliance, is a white supremacist political organization. It was founded by William Luther Pierce, and is based in the Pierce family's compound in Hillsboro, West Virginia.
• National Association for the Advancement of White People, was a white supremacist organization in the United States incorporated on December 14, 1953 in Delaware by Bryant Bowles which presents itself as a civil rights organization such as the NAACP.
• National Policy Institute, is a think tank based in Augusta, Georgia in the United States. It describes itself as the right's answer to the Southern Poverty Law Center.
• National Socialist Movement (United States), a party founded in 1974. Since 2005 the party has become very active, staging many marches and demonstrations.
• National Vanguard, was an American National Socialist organization based in Charlottesville, Virginia, founded by Kevin Alfred Strom and former members of the National Alliance.
• Nationalist Movement, is a Mississippi-based, white supremacist organization that advocates what it calls a "pro-majority" position. It has been called white supremacist by the Associated Press and Anti-Defamation League, among others.[28][29]
• Occidental Quarterly, is a printed far-right quarterly journal with a web segment, TOQ Online, including interviews, essays and reviews on the website.[30]
• The Order, or Brüder Schweigen ("Silent Brotherhood") was a white supremacist Revolutionary organization founded by Robert Jay Mathews, active 1983-1984, probably best known for the 1984 murder of talk show host Alan Berg. Berg's killing was to be the first in a planned series of assassinations, followed by attacks on the United States government, all meant to bring about a race war which would result in fulfillment of White Separatist ideals (see Northwest Territorial Imperative).
• Pacifica Forum, is a controversial discussion group in Eugene, Oregon, United States. It has been listed as a white nationalist[31] hate group by the Southern Poverty Law Center (SPLC).
• Patriot Front is a neo-fascist american nationalist group and an offshoot of Vanguard America[32][33][34]
• Phineas Priesthood, is a Christian Identity movement that opposes interracial intercourse, the mixing of races, homosexuality, and abortion. It is also marked by its anti-Semitism, anti-multiculturalism, and opposition to taxation.
• Pioneer Fund, a white supremacist non-profit that funds scientific racism research.
• Volksfront, describes itself as an international fraternal organization for persons of European descent.[35] It has been called "neo-Nazi" and a "racist-skinhead group" in press reports.[36][37][38] The Anti-Defamation League has called the group "one of the most active skinhead groups in the United States."[39] The Southern Poverty Law Center (SPLC) has added Volksfront to its list of hate groups.[40]
• White America, Inc., a group founded in Arkansas to prevent racial desegregation of the state's schools.[41]
• White Aryan Resistance, is a neo-Nazi white supremacist organization founded and led by former Ku Klux Klan leader Tom Metzger.[42]