Tuesday, April 09, 2024

It's economics Tuesday and the discombobulated pond almost runs screaming from the room ...

 

The pond has come to think of Tuesdays as economics day with the reptiles. The pond has become resigned to this fate - others might have their Quigginonomics or their Gittinsonomics but the pond has developed quite a taste for Gottonomics, and there's always a Tuesday groaning to hand from Dame Groan, and so the dismal art must have its place (and feeble art form it is, as meaningless as fossicking through chicken entrails or tea leaves).

The pond blames all this on certain esteemed correspondents, who insist on doing a Linda Loman by saying that attention must be paid.

The pond never quite understands why. After doing one unit of economic history, the mere mention of Sir Lewis Namier's name would prompt the pond to run screaming from the room and do an upchuck in the toilet.

All the same there must be other things going down in theworld. 

The pond woke to the BBC's Newshour reporting on the ongoing genocide in Gaza and the sociopathic deeds of Vlad the destroyer in Ukraine, but naturally when looking at the reptiles, there's little chance of anything but a distorting mirror being held up to the world ...




The pond couldn't help but note that the reptiles had chambered the far right position with a whack job on the man who has little to be proud of ...

Well it's a change of pace, a warning that if the little to be proud of man steps out of line, dares to have a deviant or reprehensible thought, he can expect a 'whack a mole' from the reptiles, loyal to Captain Spud ...

David Littleproud has emerged as one of Australia’s weakest political leaders with limited support in his own party room and diminishing clout around the shadow cabinet table.
The Nationals leader, who spends more time ranting about pet peeves on morning TV shows than rallying support from colleagues, has been reined-in by the Liberals on his push to break-up supermarket chains and frozen-out of Coalition energy policy development.
After spending months threatening to follow the Greens and dismantle supermarket chain dominance, the former banker didn’t mention the D-word (divestiture) in his statement responding to Craig Emerson’s food and grocery code of conduct interim report on Monday.
Littleproud started winding back his rhetoric last week after it emerged opposition treasury spokesman Angus Taylor was taking lead on Coalition competition policy.
“Angus Taylor and I are working through this at the moment and while the Nationals support in principle, broader divestiture powers, what we need to understand is that there are nuances to the supermarkets and their market dominance that need to be looked at and some of the existing architecture that’s already there,” Littleproud said last Thursday.
Peter Dutton’s message to colleagues is clear – they will never follow the Greens on economic policy, let alone during a cost-of-living crisis.
Dutton and Taylor want sensible guardrails and economic reality to lead a Coalition “big stick” approach, similar to what was applied to energy companies.

The pond tried this non-screen cap approach to this reptile hit job because the snaps were of the usual suspects, and if the pond wanted an illustration, it would always turn to a detail in today's immortal Rowe ...








It's always in the detail and yes, yes, economics Tuesday will be turning up in due course, but first the pond should complete the hit job ...

Senior Liberal and Nationals sources say Dutton has performed exceptionally well to get the Coalition close to a 50-50 position following a disastrous 2022 election. But there are concerns a policy vacuum will be filled by a cacophony of backbench commentary and freelancing on major issues.
From nuclear energy to supermarket crackdowns, fractures have emerged as to the best approach to sell Coalition positions. There are concerns the Coalition has not yet put forward a coherent economic narrative.
“The team is behind Dutton 100 per cent. There are conversations about how to best sell the nuclear energy policy and fractures around other policies but everybody is united behind the leader,” a senior Coalition source said.
Just over one-year out from the 2025 election, Dutton needs to put flesh on the bone explaining what the Coalition stands for. Heading towards and beyond the May 14 budget, Dutton, Taylor and opposition energy spokesman Ted O’Brien will start to fill the void.
“It comes down to what the electorate thinks of us and why. On nuclear energy, there are discussions around how we best mount the case and make the political argument. About how our net-zero emissions trajectory, delivered from a technology agnostic position, is more realistic than Chris Bowen’s blinkered renewables-only vision,” a Coalition source said.
Another Coalition source said “the main show is the economy”.
“There is negative sentiment out there around big business but we have to prove to voters that we are the better economic manager, in addition to being the strongest on national security. The policies will come.”
While there is no threat to Littleproud’s leadership, colleagues believe he doesn’t cut-through and is more “background noise than substance”. Littleproud will be thrown some concessions to buttress his leadership because Dutton has no appetite for any shattering of unity ahead of the 2025 election.

Dear sweet long absent lord, they really are doubling down in the land of delusion - Ted will fill the void? - but at least that allows the pond to flesh out that immortal Rowe ... it's not just the detail, it's the flesh on the trolley cart bone ...







This might begin to sound like a teaser trailer for economics Tuesday, but really the pond should look below the fold and check out what else is on offer ...






Yep, there''s the groaning, and there's good old Shoe and Bergin urging the pond to look the other way, because who would dare take the moral high ground when it comes to an ongoing genocide? 

On the other hand, the pond did decide to look the other way when it came to the bromancer. New Zealand and Jacinda Ardern again? Really? Of all the trouble spots in the world facing cold reality, the pond could think of fifty or so in a worse situation, beginning with Gaza and Ukraine and a number of countries in Africa ...

The pond is tremendously loyal to the bro, but felt an overwhelming tiredness. There must be more to life than bashing fush and chup folk.

What of simplistic Simon? Sure enough the yarn began with a snap of Liddell Hart, as the reptiles are wont to do ...




... but then discontent and unhappiness littered the text ...

The next election will be the seventh in a row where climate change and energy policy stands to be a significant if not deciding factor.
Peter Dutton has now made sure of that.
The injection of nuclear into the debate as a serious baseload option for Australia has ensured yet again that voters are forced to choose between two divergent alternatives.
The ideological ground has shifted. Climate change is no longer the principal issue. The battle now is on which mix of technology gets us there.
But Labor and the Coalition have perhaps never been further apart on this question than now.
The pressing issue is that the exit of coal is imminent. The plan is to retire 90 per cent of it within 10 years. What replaces it in the meantime is the issue.
The government may well argue that the Coalition’s nuclear option is fantasy. There is no doubt it’s ambitious. But Labor’s renewables and battery project is equally hanging on a wing and a prayer if the recent past investment schedule trajectory becomes the future.
Lights are literally going to start going out by 2035 unless Canberra gets this right and the exit plan for coal is managed properly.
Coal plants have got to shut and have to be replaced. And they have to be replaced quickly. This is an issue that has cost both sides elections.
Labor has suffered the most. It lost 2013 on the carbon tax broken promise and then again in 2019, Labor scored an own goal over Adani when the Labor-aligned outfit GetUp! campaigned against Bill Shorten over Adani.
Scott Morrison was assisted out of office by the Climate 200 team that helped the teal independents get elected.
Now Albanese and Dutton are locked into a continuation of the energy wars ahead of the 2025 election.
The outcome of this debate is in no way assured.
Dutton’s nuclear ambitions are easily dismissed. But Albanese’s renewables-only approach is equally fragile.
Forget the politics and follow the money.

Actually at this point the pond thought it might follow the 'toon:






The man who scribbled Dutton’s nuclear ambitions are easily dismissed kept up the lamentations ...

The Investor Group on Climate Change is unashamedly pro-renewable/battery storage. Yet its own assessment is that Labor will not get there unless it radically moves the dial.
Investor concern is that while the government has plenty of projects to announce, many of which are hotly contested at a local level through a lack of community engagement, there is no overarching economy-wide plan on how to get to net zero.
Unsurprisingly, it warns not only of a flight of capital from Australian investors but a collar on capital flowing in.
The window is rapidly closing. If the Coalition fails at the next election, the nuclear debate will be put back at least another decade.
It won’t be dead necessarily, considering by 2045 we will be talking again about what is going to replace the wind farms that have a working life of only 30 years.
But nuclear won’t be a solution to the 2035 crunch point.
And on the current mathematics, the Albanese government is also a long way from getting there.

Fancy that,  nuclear won’t be a solution to the 2035 crunch point, and just how did the reptiles allow that heretic to scribble such outrageous words, words he has little to be proud of ?

Okay, okay, finally it's time for economics Tuesday, but the pond is defiant and insists that the first thing to do is to check out Mein Gott's offering. 

Sure it's a little dated, like getting out leftovers and reheating them, but Mein Gott Monday, was he in top form or what, deserving of a home in economics Tuesday ...




At this point the reptiles interrupted the flow with a snap of the orange Jesus, and the pond decided to get all the interruptions out of the way ...







Mein Gott, this was the 42 guide to the future ...




Why? Who knows, but there are a few stocks that are cratering and the pond isn't talking about X ... Trump’s Stock Officially Down 50% Since First-Day Peak —Trump’s Stake Down Over $3 Billion

  • Shares of Trump Media, the majority Trump-owned parent of the right-wing social media platform Truth Social, fell 8% Monday to just above $37.
  • That’s some 54% below the peak $79 per share Trump Media fetched on March 26, its first day of trading under its DJT ticker upon the completion of its reverse merger with blank-check company Digital World Acquisition Corp.
  • The value of Trump’s 58% stake in Trump Media, has accordingly cratered in the 13-day stretch, falling from $6.25 billion to $2.93 billion.
  • That knocked his net worth from its March peak of more than $7 billion to $4.8 billion, according to Forbes’ estimates.
Never mind, snake oil con artists come and snake oil grifters go, but Mein Gott is telling it like it is ...




Yes, it's the coming of the tangerine tyrant and everyone is excited... well perhaps not everyone ...





And so to the last gobbet of Mein Gott's vision, though the pond must admit that at the end of it all, the pond sill didn't have the foggiest who might be the next president of the disunited states ...




That ended a bit like the world ending, with not so much a bang as a whimper, and so at last the pond turned to the day's Groan.

The pond expects some gratitude. The pond could have been off bashing Jacinda and the fush and chups folk with the bromancer, but instead will endure, for the umpteenth - some content it's the zillionth - Dame Groan rant about the bloody pesky, difficult, uppity furriners, roonin' everything ...




The pond really should have done a Sir Lewis Namier, run screaming from the room and done an epic Technicolor yawn into the toilet ...

Sure there's comedy of a low kind: "Why are we all so grumpy?"

The pond can't speak for everyone, but apart from the news of the odd genocide, the pond woke in reasonable health, feeling quite relieved at not having been washed away, and lucky not to be caught in an ongoing genocide or caught in a war staged by a sociopath, or arguing with lickspittle lackey GOP fellow travellers ...

"Believe me, people are crabby."

The pond believes the crabby old groaner. She's always crabby...the lizard Oz's very own Oscar the Grouch, and as well as infesting trash cans, as the Americans have it, her language is inclined to the quaint ...

Our English word “crab” comes from the Old English “crabba,” itself from a Germanic root meaning “to scratch or claw,” which is, after all, pretty much the crab’s entire repertoire right there. Our modern “crabby,” meaning “cross, irritable, cranky” is fairly recent (as such things are measured), dating to the late 18th century. “Crabby,” however, was a derivative of an earlier term, “crabbed,” which appeared with the same meaning back in the 14th century.
In both “crabby” and “crabbed,” the analogy is to a crab’s tendency to painfully nip with its claws and tenaciously hold on, as well as its tendency to walk backwards and sideways, making it an excellent metaphor for a difficult, uncooperative person. (This, of course, is not entirely fair to crabs, many of which probably have wonderful personalities and, should they one day take over the planet, will no doubt remember I said that.) One of the more popular uses of “crabby” in this sense in recent years was in the Peanuts comic strip, in which Lucy van Pelt was routinely described as “crabby.”
The peculiar locomotion of a crab actually contributed to another sense of “crabbed,” that of “crooked, knotted, complex, twisted,” which today is found mostly in descriptions of indecipherable handwriting, awkward or overly-complex prose (“Mr. Hume, who has translated so many of the dark and crabbed passages of Butler into his own transparent and beautiful language,” 1830), or the ravages of age and disease on the human body (e.g., “a crabbed old man”).
Interestingly, the “crab,” or wild, apple, takes its name from the probably unrelated Scandinavian word “scrab” rather than the crustacean. But the sourness of the “crabapple” probably reinforced several senses of “crab” as applied to humans, especially the use of “crab” to mean “complain bitterly.” (here)

Okay, it's not economics, but the pond doesn't have much to say on the subject of migration that hasn't already been said before. Of course the migrants are rooning everything, of course we'll all be rooned ...

Of course the pond has mentioned how when the pond turns up at the RPA for a regular check up, there's always a nice non-Anglo-Celt to hand to help, and that's about as far as the pond goes ...

You have to be a certified crabapple to keep on harping about how we'll all be rooned...




Discombobulation?


"to upset, embarrass," 1834, discombobricate, American English, fanciful mock-Latin coinage of a type popular then. Compare, on a similar pattern, confusticate (1852), absquatulate (1840), spifflicate "confound, beat" (1850), scrumplicate "eat" (1890). Related: discombobulating; discombobulation

And for those too lazy to follow the link here's some more fanciful mock-Latin mock turtle words the groaner could throw into the "we'll all be rooned" conversation ...

absquatulate (v.)
"run away, make off," 1840, earlier absquotilate (1837), "Facetious U.S. coinage" [Weekley], perhaps based on a mock-Latin negation of squat (v.) "to settle." Said to have been used on the London stage in in the lines of rough, bragging, comical American character "Nimrod Wildfire" in the play "The Kentuckian" as re-written by British author William B. Bernard, perhaps it was in James K. Paulding's American original, "The Lion of the West." Civil War slang established skedaddle in its place. Related: Absquatulated; absquatulating; absquatulation.
confusticate (v.)
"confound, confuse," 1852, a fantastical mock-Latin American English coinage from confound or confuse, originally in "Negro dialect" passages in works such as "J. Thornton Randolph's" pro-slavery "The Cabin and Parlor" (1852, a response to "Uncle Tom's Cabin"), picked up in London publications by the 1860s. Similar formations include confubuscate, conflabberated, etc., and compare discombobulate. Related: Confusticated; confusticating.

Yes the pond has an overwhelming desire to absquatulate its economics Tuesday, and head off to the toilet for an upchuck, Technicolor yawn style, but this is the final gobbet, laden with much mock turtle groaning and sighing ...




The pond wasn't cranky, but Dame Groan has achieved her aim, and now the pond is cranky, really cranky, crabapple cranky.

The pond could have been mocking the fush and chup folk with the bromancer, and instead had to endure a bloody groaning and if the pond's correspondents don't come up with something witty and sharp to say about it, there will be words spoken, harsh words that the pond might regret ...

BTW, did the pond ever mention its deep fear of supermarket bots and its habit of insisting on being served by a real person, in the flesh so to speak? 

Did the pond ever mention that when some zombie servant of the overlords tries to usher the pond towards a supermarket bot the pond sometimes snaps "I'm trying to keep you people employed. Given the excess profits your overlords siphon off, the least that could be expected is that they give people a job. The pond used to teach check out chicks the history of the stump jump plough but if things keep going this way there won't be any check out chicks to teach ..."

Usually the pond is rewarded with a blank stare. Someone's turned up in the fast food diner with a baseball bat looking and sounding like Michael Douglas in search of a late breakfast ... best just let the mad old biddie head for the line stretching far down the aisle ...

Never mind, that was just an elaborate set-up for the infallible Pope of the day....





24 comments:

  1. Something to take your mind off the reptile malarkey for a while DP. Apologies to Lewis Carrol. A little light musing...

    Demagogy

    Don Pumpkin, Putin's slimy toad
    Conspired and swindled every day
    All flimsy were his borrowings
    And his loans went unpaid

    Beware this demagog, and shun
    His words of spite, his awful thatch
    Heed not his jargon, girls, and run
    Or soon he'll've grabbed your snatch!

    He told revolting hordes his plan
    That now a tyrant's throne he sought
    But fled then he, to a safe retreat
    To witness the onslaught

    Whilst in his bolthole Pumpkin hid
    Sir Gladymere, his eyes aflame
    Came riding to the coward's door
    And ripped it from its frame

    Got you! Yahoo!
    He ran him through!
    The good knight's sword went splitter-splat!
    With Pumpkin dead, he lopped his head
    Then rode triumphant back

    And thus was slain the Demagog
    Came to an end his fiendish ploy
    Bodacious day! No coup! Hooray!
    Exclaimed the hoi polloi

    Don Pumpkin, Putin's slimy toad
    Now lies ungimbled in his grave
    All wrinkly are his orifi -
    So the worms hath relayed!

    ReplyDelete
    Replies
    1. Oh, peachy keen, Kez (which is what we say when we don't just want to say neat!). ✅

      Delete
  2. Oh dear, Chad, how could this be ? They won't have to bring back Barners, will they ?

    Geoff Chambers: "David Littleproud has emerged as one of Australia's weakest political leaders, with limited support in his own party room".

    Dutton takes the reins as Littleproud diminished.

    ReplyDelete
    Replies
    1. Indeed, GB - my immediate thought upon reading of Littleproud’s supposed problems was “Barnaby will be back! Third time’s the charm”. Perhaps he was doing a little early lobbying of his colleagues while lying on his back and yelling into his phone that night in Lonsdale Street?

      Delete
    2. Surely the accuracy of the Misery Index could be improved by factoring in the impact of economics columnists’ pontifications? A weekly dose of Dame Groan would surely send the Index soaring; Mein Gott’s musings could move it either way, depending on the amount of comedy relief in each instalment .

      Delete
    3. Well at least they'd be pretty certain it was really him, Anony. I love the way that even though the "sociologists" pronounce that people don't vote for people, only parties, it's very curious how the dickhead nutcases keep on getting elected - and elected, and elected - anyway.

      Just think: Muncher Abbott, Turnbull, ScoMo, Dutton on the one side and Joyce and Littleproud on the other. Makes ya just so proud to be an Aussie, doesn't it.

      Personally, I think the problem is that the majority of the human race just isn't very bright, and even most of those possessed of a smidgeon of brightness are usually ignorant and pay scant, at most, attention to "politics". And that, in toto, amounts to the vast majority of homo saps saps.

      Delete
    4. GB - a little late here - things to do on the estate this morning - but I smiled at the wording that Littleproud has emerged as one of our weakest. Nope - locally, we have known that about him since he nominated for the seat. It is also painting the lily (which is the proper citation) to hint that he is a former banker. I have characterised his status in the banking world recently. He could hardly claim to have been any kind of advisor, because the bank named on the side of the vehicle he drove around gave Rowena Orr opportunity to put on the record of the Royal Commission that at least one bank regularly charged clients a solid fee for advice that they neither requested, nor received. The folk Littleproud visited probably were better off not receiving any advice on their business, or the wider economy, from that representative.

      In the context of other comments here - Littleproud's one virtue locally is that he is NOT Barnaby, thanks to skilful manoeuvre of the previous member, Bruce Scott, in heading off Barner's crass attempt to walk into Maranoa. Scott was a good member, one of the last of the old-style Country Party.

      Delete
    5. Oh my, the Country Party ("I am a Country member !" "Yes, we remember.") Now that's a real BFTP (Blast From The Past). Yeah, there were a few half-way capable CMs - Fadden and McEwen as candidates - but then came Doug Anthony and it's all been downhill from there. With the possible exception of Tim Fisher who I vaguely remember as being at least a half-way decent person.

      Delete
  3. Prebuttal the Zombies!
    "when some zombie servant of the overlords tries to usher the pond towards"... a safe harbour of a Quigginonomics prebuttal. Of Zombies. Like Dame G & Mien G.

    "Sure there's comedy of a low kind: "Why are we all so grumpy?"" re the Dame Groan-ing rant.

    Well "The Grumpy Economist - John Cochrane's blog" is outed by Brad DeLong via a Quigginonomics-ing.
    Just insert the newscorpse zombies and zombie economics below.

    DeLong: "The only answer I can find to the puzzle that makes any sense at all is the simplest one: he's [ The Grumpy Economist ] just playing for Team Republican..."
    https://www.bradford-delong.com/2012/06/prebuttals-part-2-crooked-timber.html

    "Prebuttals, part 2"
    by JOHN Q on JUNE 13, 2012

    "The facts about inequality in the US, and increasingly in other developed countries, are now so clear-cut that the defenders of the status quo have little solid ground left on which to stand. So, they are mostly confined to arguments that have already been effectively rebutted. As new talking points emerge, it’s become increasingly easy to pick them out before they are fully formed and have a prebuttal ready.

    "That’s the case with data showing that income inequality arises mainly from differences in current incomes* rather than from inheritance. As I pointed out a couple of months ago, the absence of large inherited inequalities is a logical consequence of the fact that the distribution of income in the postwar generation was relatively equal.

    "Sure enough, here’s the prebutted talking point, stated by John Cochrane[1], who asserts"
    ...
    https://crookedtimber.org/2012/06/13/prebuttals-part-2/

    ReplyDelete
  4. Is Rupert'O'Lauchlan the puppetmaster, the hyper-sexual zombie cicada, or the fungus? Or the trifecta.

    "It's suspected the Massospora cicadina fungus lays dormant for years and then begins to become a "puppet master" when the cicadas reach adulthood, Kasson said. "Because this is such a bizarre life cycle for an insect, the fungus has had to change its strategy. So, it basically keeps the host alive long enough to maximize dispersal," he said. 

    "Hyper-sexual "zombie cicadas" that are infected with sexually transmitted fungus expected to emerge this year
    By Caitlin O'Kane
    April 5, 2024
    https://www.cbsnews.com/news/cicadas-zombies-hyper-sexual-sexually-transmitted-fungus-expected-to-emerge-this-year-massospora-cicadina/

    ReplyDelete
  5. Sully of Tuross HeadApr 9, 2024, 12:30:00 PM

    The reptiles can never let go. Their hate filled anti-Adern agenda continues to this day by the cardigan wearing Bromacer.
    I am sure she couldn't care less, being attacked by the dandruff collecting irrelevant fool.

    ReplyDelete
    Replies
    1. Of course the reptiles can't let go, SoT, what would they have to populate their miserable existence with if they stopped hating ?

      Besides, would Adern even know who Greg 'Bromancer' Sheridan is, or care if she did know ?

      Delete
    2. Careful, GB - if Reptiles were to ponder such questions, they might begin to realise their insignificance in the overall scheme of things.

      Delete
    3. Only momentarily, Anony, then quickly the thick grey fog of believed self-magnificence would rise again and all would be well. Thus, as Pangloss was given to believe, it would again be that "all is for the best in this best of all possible worlds".

      Delete
  6. Ooops !

    "Leading climate scientists say there is a margin to the extreme heat the world has experienced over the past year that can't be explained by global warming or known climate drivers."

    The world has been its hottest on record for 10 months straight. Scientists can't fully explain why
    https://www.abc.net.au/news/2024-04-09/data-can-t-explain-off-the-charts-heat/103649190

    ReplyDelete
  7. Perhaps our Dame Groan should do as the founders of some belief systems did - go sit under a Moreton Bay Fig tree for a couple of years and meditate. Her, um, proclamations are neither consistent in logic, nor do they link to each other, except to occupy the same part of a page of print.

    Only a Dame Groan could promote a misery index that seems not to correlate with perceptions of misery. She then scatters a little of her migration dust, perhaps as a way of continuing to echo the increasingly desperate Maria Bartiromo from Fox 'business', in seeking confirmation that the major economic indices are bad news - because - oh, we break for this commercial.

    I have mentioned my own reading of Hein de Haas' book 'How Migration Really Works', and wonder if someone has sent the Dame a copy. de Haas' chapters are numbered Myth 1, Myth 2, out to Myth 22. Our Dame for this day has hovered over Myth 7 'We don't need migrant workers' and Myth 8 'Immigrants steal jobs and drive down wages' (but somehow also promote Maria's recently discovered 'wage inflation'). This at a time when the Coalition is giving re-runs of Myth 19 'Smuggling is the cause of illegal migration'.

    Meanwhile, the Dame has to concede that having unemployment steadily under 4% is difficult to criticise. It also means that several hundred thousand immigrants are being taken up readily into our economy each year. This from someone whose time in research was involved with the economics of labour and employment.

    As it seems she now resides somewhere around the Sunshine Coast, there must be a Moreton Bay fig suitable for meditating under, close by. I recall that when Capt Spud entertained Annabel Crabb, he showed her such a tree on one of his estates. Perhaps he could offer it to the Dame. If he truly thinks Angus and Atom Man will be able to supply his actual economic policies - the Dame might be able to assist, after a suitable time under the sacred M-B fig.

    ReplyDelete
    Replies
    1. Ah well, you and Groany live in different universes, Chad. In your universe there are facts and ideas and thoughts and conclusions and there is at least some degree of order to existence. But for Groany, well ... she is a reptile, after all.

      And sadly, there's a lot more of her universe than there is of yours.

      Thing is, once upon a time nobody would ever have heard of Groany, then came: the web. Now all the Groanys of the world can rant and rave unto their heart's content. And they all do. Millions of them.

      Delete
  8. Chadwick, the Dame et al use the catchall 'productivity [+ rant de jour or other bashing]' for, as you said "Meanwhile, the Dame has to concede that having unemployment steadily under 4% is difficult to criticise.".

    Very productive old r(o)upe.

    ReplyDelete
    Replies
    1. Anonymous - one of the interesting aspects of the rate of births, worldwide, declining sooner than many demographers predicted, will be to watch the convolutions of economic commentators of the Dame Groan, Bartiromo and Main Gott clan. They will continue to advocate tax cuts for rich natural persons, and even richer 'artificial' persons (business corporations) and trimming back any kind of benefit for the rest, even as the driver of much of what they have been measuring as 'productivity' - steady increase in population - goes on a long negative path, which they will not be able to, and certainly not want to, explain.

      We will get a comprehensive theory of economics of dwindling populations. It very likely will come by accident and brutish experience, but most unlikely to come from those apologists for inherited 'wealth'.

      Delete
    2. Well of course the 'population' isn't dwindling everywhere. So apart from noting that 'semites' doesn't only apply to Jews (whoever has heard of Canaanites ?) the great increase in emigration around the world is probably leading to the Great Homogenisation of the human race.

      So, what's your guess as to how many millions of years homo sapiens sapiens will continue to exist for ?

      Delete
    3. Amusing conjecture for the first coffee of this morning GB. It has to be a guess, because I think 'sapiens' is all too capable of doing stupid things with its DNA, and true stupid is actually hard to predict in detail. It could be done, not as 'Sharri' (disrespect) claims, for nefarious purposes, but done by technicians with basic skills already available, and for what will be the best intentions at the time. Perhaps some 'adaptations' to get the offspring of willing participants through the worst of hot Earth, because I cannot see current 'sapiens' actually doing what it needs to do to ameliorate this cycle of climate change.

      I would give some version of 'sapiens' several more 20 000 year (approx) climate cycles. It should not take more than a couple of those cycles to undo what we have done to this atmosphere, (the only one we have!) and they would then need a mix of technology to get them through ice ages. That needs the imagination of, say, Kim Stanley Robinson.

      Delete
    4. Interesting. I was considering natural extinction - as happens with all mortal lifeforms - rather than genetic modification. But you may have a point.

      Delete
  9. Hmmm:

    Elon Musk predicts superhuman AI will be smarter than people next year
    https://www.theguardian.com/technology/2024/apr/09/elon-musk-predicts-superhuman-ai-will-be-smarter-than-people-next-year

    I think AI might be smarter than some people already.

    ReplyDelete

Comments older than two days are moderated and there will be a delay in publishing them.