Australian (ASX) Stock Market Forum

The ScoMo Government

It's great that you've chosen to employ someone but sadly I see quite a few businesses where the approach is to minimise wages and staff numbers, offshoring where possible, meanwhile shareholder returns are mediocre at best whilst the directors and CEO reap the benefits. Sadly that's not one or two outliers but rather common, hence the growing disparity between the director and CEO class and everyone else including shareholders and workers.

Those who claim that it's not viable to do x in Australia and slowly go broke, only to be shown as fools when someone from overseas buys the business and turns it completely around, are another lot in the same category. Commonsense says they're worse than worthless if someone else can easily turn around what they can't and yet such people manage to spend half their career as director or CEO of something whilst being paid a ridiculous amount to slash employment and deliver mediocre returns to shareholders over and over.

We were better off back in the days when being at the top required having spent many years working for the company with the reward being that you were now paid 3 times a normal wage not 300 times.

So as I said, it's great if you're running a successful business and creating employment but sadly there's a lot of bigger operators who are doing their best to minimise tax, jobs, wages and pretty much everything other than executive pay.

Most CEO nowadays comes from Finance or Sales rather than from engineering or operation.

While not all financial managers make bad CEO, when your background is finance, it's hard to see the need to build stuff when you can either outsourced it, played gov't regulation/subsidies/anti-trust etc. to monopolise, merge, destroy competition to seek rent rather than build or innovate.

That and if a person doesn't rise from the ranks, it's going to be hard to see the usefulness or brain trust in much of that "labour". Labour become a cost that either need to be offshore, onshore, or turn into replaceable cogs you hire then fire as the business cycle dictate.

But then why innovate when you can milk the old cow to death.
 
Well the one major assett Morrison has, is Shorten, that will be the crucial beach head for Morrison.
He isnt Bill light, as Turnbull came over as, how Scott and Bill shape up, will be the thing that shapes the election. IMO
 
Libs brought this all on themselves. Should have united behind Turnbull until after the election, and then knifed him at that stage if they really needed to.
 
Libs brought this all on themselves. Should have united behind Turnbull until after the election, and then knifed him at that stage if they really needed to.

They wouldn't have to knife him because if Turnbull lost the election he would have quit, had he won there would be no need to knife him.
 
I still think it is better for Australia,to have a Labor Party and a Liberal Party, rather than having both trying to copy each other.
That just leads to populist policy, that leads to nothing except inept Government. IMO
 
The polls have really rebounded allright, for Labor. :roflmao:

LNP 46% ALP 55%.

Shorten is now PREFERRED PRIME MINISTER.

https://www.theaustralian.com.au/na...e/news-story/cf52dcfdfdd80c5f0e28c27a9e9557b0
I would prefer that, than another 10 years of hung Parliaments.
It is far better to have a decisive decision with regards the power situation, than do nothing at all, as is happening currently.
At least the issues will be brought to a head and something can become about it, the ridiculous dancing around the issue as has happened recently, just wasted precious time.
 
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I would prefer that, than another 10 years of hung Parliaments.

I have to agree. I'm getting a bit tired of the freak show in the Senate, and I'm going to vote for the same Party in both houses and hope that whoever wins they can get their policies through.
 
I still think it is better for Australia,to have a Labor Party and a Liberal Party, rather than having both trying to copy each other.
That just leads to populist policy, that leads to nothing except inept Government. IMO
To have a strong government requires that we also have an effective opposition in my view since otherwise they end up becoming lazy. Same applies regardless of who the government and opposition actually are.

So yes, an effective Labor party and an effective Liberal party are what we need. It wouldn't hurt if the Greens or someone else became a stronger force too, if only to keep the main two accountable.
 
The Morrison government is better than the alternative.

The horrors of a Shorten government may scarcely be imagined. Unless people actually like electricity blackouts, burgeoning immigration detention centres, overflowing public hospitals, taxed empty pockets, pensioner tax and runaway national debt.

All of these Labor will deliver, while pretending it's for our own good, as Australia morphs into 'New Venezuala'.
 
To have a strong government requires that we also have an effective opposition in my view since otherwise they end up becoming lazy. Same applies regardless of who the government and opposition actually are.

So yes, an effective Labor party and an effective Liberal party are what we need. It wouldn't hurt if the Greens or someone else became a stronger force too, if only to keep the main two accountable.
If you have a strong Greens then you need an equally strong extremist party on the right.... as equally far right as they are far left. There is PHON, KAP, LDP & ACs, but none of them cut the mustard in the extremist stakes like the Greens.
 
Sounds as though the media, is already starting to struggle, with roping a politician for a cheap headline.

http://www.abc.net.au/news/rural/20...bate-for-another-day-on-drought-tour/10168860

The section I found interesting, when being pushed on 'climate change':
"I know what you are trying to ask and I don't think that's part of this debate. That's my point.

"If people want to have a debate about that, fine.

"It's not a debate I've participated a lot in, in the past, because I'm practically interested in the policies that will address what is going on here, right now.

It would appear Morrison is an unusual politician, he knows when to shut up.
 
The Morrison government is better than the alternative.

The horrors of a Shorten government may scarcely be imagined. Unless people actually like electricity blackouts, burgeoning immigration detention centres, overflowing public hospitals, taxed empty pockets, pensioner tax and runaway national debt.

All of these Labor will deliver, while pretending it's for our own good, as Australia morphs into 'New Venezuala'.

Haha LOL and that's before you get to plagues and pestilence

Shorten is just Liberal lite more of the same.
 
The horrors of a Shorten government may scarcely be imagined. Unless people actually like electricity blackouts
On the specific question of electricity it would be a huge challenge for any government to avert problems at this late stage without resorting to a wartime approach which suspends most normal processes, from finance to environmental, and just makes things happen no matter what.

I doubt either side of politics will actually go down that track.
 
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