This is the time governments should be borrowing to invest in future productivity and new industries.
There is good debt and bad debt in the public sector. Bad debt is where countries borrow to fund welfare & so on - think Greece.
Good debt is where they borrow to fund infrastructure and such like: investment capacity for the future.

No better time than now. Many central banks are lending at negative interest rates - they pay someone to take the money. That's not to say our govt could negotiate a long term loan on that basis but they could certainly borrow at negligible cost.
So draw up your list of what we need:
- modernised rail system
- better roads
- investment in social capital: hospitals, schools etc
- investment in public & private technology R & D,
including biotech & pharmaceutical
- investment in robotics technology: it's coming whether we like it or not

Endless possibilities to establish a base for new industries and employment.
Why isn't it happening?
Hawke established a Commission for the Future (?) with I think Barry Jones at the helm to look at this kind of thing 25 years or so ago. Where did that go?

- finish the NBN properly
- high speed rail from Melbourne through Canberra, Sydney and all the way to Brisbane
- invest in future technologies be they robotics, renewables, medicine etc
- a fresh water pipeline that brings water from the north to the south.

Change policy to encourage housing.

http://www.theguardian.com/australia-news/2016/apr/03/housing-affordability-two-thirds-believe-owning-a-home-beyond-next-generation
If that's 2 thirds, then that would include lib supporters... wonder why they think that with their lib party leaders think otherwise.

Is this an admission that the Austerity measures and the narrative about it being a spending problem from this crew of retards is not the solution , and it took you 3 years to work this out  :(

No it's not an admission about anything.
I'll spell it out slowly because I know you struggle.
"Spending problem" relates to the annual budget and, together with "revenue problem" talks to the issues associated with a relevant budget balance. Reining in expenditure where appropriate on middle class welfare, which I bet would hurt you, and correcting deficiencies in the taxation side like global tax avoidance and superannuation concessions.

What I was talking about in this thread relates to the capital works or loans programs, which as I suggested, the govt - all govts - should be pursuing especially in this climate of cheap money.

bogarde73 wrote on Apr 3^rd, 2016 at 9:40am:

This is the time governments should be borrowing to invest in future productivity and new industries. There is good debt and bad debt in the public sector. Bad debt is where countries borrow to fund welfare & so on - think Greece. Good debt is where they borrow to fund infrastructure and such like: investment capacity for the future. No better time than now. Many central banks are lending at negative interest rates - they pay someone to take the money. That's not to say our govt could negotiate a long term loan on that basis but they could certainly borrow at negligible cost. So draw up your list of what we need: - modernised rail system - better roads - investment in social capital: hospitals, schools etc - investment in public & private technology R & D, including biotech & pharmaceutical - investment in robotics technology: it's coming whether we like it or not Endless possibilities to establish a base for new industries and employment. Why isn't it happening? Hawke established a Commission for the Future (?) with I think Barry Jones at the helm to look at this kind of thing 25 years or so ago. Where did that go?

The politicians are not interested in the well-being of  Australia but are just looking after their own interest. As far as Railways are concerned, Australia would have the worst rail-system among developed countries, yet it would be much more efficient and environment friendly to maximize the use of rail for all heavy transport, yet over the years, bulk cargo like wheat and super has been taken over by road transport.
As far as borrowing is concerned, the trillions in Australian super should be utilized more in this country, rather than going overseas.

I was actually in the NSW Treasury working on research in relation to road transport tax at the time the industry was putting the railways out of business.
Boy was there a snow job and string pulling but that was oh so long ago.
You're absolutely right. Rail is one of our futures and the irony is we had a great rail system once and it could have been upgraded.

bogarde73 wrote on Apr 3^rd, 2016 at 1:19pm:

I was actually in the NSW Treasury working on research in relation to road transport tax at the time the industry was putting the railways out of business. Boy was there a snow job and string pulling but that was oh so long ago. You're absolutely right. Rail is one of our futures and the irony is we had a great rail system once and it could have been upgraded.

Yup - been taking flak for years over advocating a restoration of the railways.... upgrading for efficient dispersal at junction points etc.  Nowadays the Guv will hire a Chindian firm to do a shonky job, and charge us full price times two for fares and freight so as to ensure a profit for 'private' railway.....

In other words - no point restoring the rail until such time as the privatisation insanity is gone, dead, cremated and buried forever and the simple sense prevails that if a private consortium can make a profit but raise costs extravagantly, a government run business can make a profit for the people without robbing them blind first.

It's called 'providing a service'.....  (SERVICE, Igor - not Circus.. damn your eyes!)....

bogarde73 wrote on Apr 3^rd, 2016 at 9:40am:

This is the time governments should be borrowing to invest in future productivity and new industries. There is good debt and bad debt in the public sector. Bad debt is where countries borrow to fund welfare & so on - think Greece. Good debt is where they borrow to fund infrastructure and such like: investment capacity for the future. No better time than now. Many central banks are lending at negative interest rates - they pay someone to take the money. That's not to say our govt could negotiate a long term loan on that basis but they could certainly borrow at negligible cost. So draw up your list of what we need: - modernised rail system - better roads - investment in social capital: hospitals, schools etc - investment in public & private technology R & D, including biotech & pharmaceutical - investment in robotics technology: it's coming whether we like it or not

Some more things to add to this list:

The real FTTH NBN. This is an investment with a demonstrable ROI. Why are we mucking around with half-arsed solutions that will be obsolete before they are finished and need to be replaced within 10 years? Our competitors in other countries are racing ahead with high-speed communications. We're lagging in 60th place for average internet speeds and are falling further behind.

High speed rail connecting Melbourne, Canberra, Sydney and Brisbane. We've been talking about building this since 1984. It's time we got on with building it. Melbourne to Sydney by high speed rail in 5 hours? Yes, please.

More investment in public housing. Consider sharing it with private investment in a PPP model.


bogarde73 wrote on Apr 3^rd, 2016 at 9:40am:

Endless possibilities to establish a base for new industries and employment. Why isn't it happening?

We have a Federal government that doesn't seem to understand the distinction between good debt and bad debt. Someone really needs to sit down and explain Keynesian economics to them.

John Smith wrote on Apr 3^rd, 2016 at 9:43am:

- finish the NBN properly - high speed rail from Melbourne through Canberra, Sydney and all the way to Brisbane - invest in future technologies be they robotics, renewables, medicine etc - a fresh water pipeline that brings water from the north to the south.

If you had that in order of priority, I'd drop the railway to the bottom of the list but the rest is about right.

hawil wrote on Apr 3^rd, 2016 at 12:06pm:

As far as borrowing is concerned, the trillions in Australian super should be utilized more in this country, rather than going overseas.

QFT

My biggest gripe is internet speed. 

I can live with my dl speed but my upload speeds are a complete fkucgin joke. I upload a gig or 2 most days.

If I walked about 4 streets away from my house using an English Longbow with the wind behind me,  I could land an arrow on the house of the former Minister for Communications and I can't get anything better than ADSL.

What a farce.

GordyL wrote on Apr 3^rd, 2016 at 2:35pm:

My biggest gripe is internet speed.  I can live with my dl speed but my upload speeds are a complete fkucgin joke. I upload a gig or 2 most days. If I walked about 4 streets away from my house using an English Longbow with the wind behind me,  I could land an arrow on the house of the former Minister for Communications and I can't get anything better than ADSL. What a farce.

That before or after libtards version of broadband?

Its time wrote on Apr 3^rd, 2016 at 2:56pm:

GordyL wrote on Apr 3rd, 2016 at 2:35pm: My biggest gripe is internet speed.  I can live with my dl speed but my upload speeds are a complete fkucgin joke. I upload a gig or 2 most days. If I walked about 4 streets away from my house using an English Longbow with the wind behind me,  I could land an arrow on the house of the former Minister for Communications and I can't get anything better than ADSL. What a farce. That before or after libtards version of broadband?

The nbn™ network rollout has not started in your area. Keep checking the website for more information.

John Smith wrote on Apr 3^rd, 2016 at 9:43am:

- finish the NBN properly  NO POSITIVE UPSIDE - high speed rail from Melbourne through Canberra, Sydney and all the way to Brisbane  SO EXPENSIVE THAT business class airfare will be half the proce - invest in future technologies be they robotics, renewables, medicine etc  MEANINGLESS STATEMENT - a fresh water pipeline that brings water from the north to the south. BEEN LOOKED A BY ACTUAL experts and is not feasible. desal is cheaper.

longweekend58 wrote on Apr 3^rd, 2016 at 3:23pm:

John Smith wrote on Apr 3rd, 2016 at 9:43am: - finish the NBN properly  NO POSITIVE UPSIDE - high speed rail from Melbourne through Canberra, Sydney and all the way to Brisbane  SO EXPENSIVE THAT business class airfare will be half the proce - invest in future technologies be they robotics, renewables, medicine etc  MEANINGLESS STATEMENT - a fresh water pipeline that brings water from the north to the south. BEEN LOOKED A BY ACTUAL experts and is not feasible. desal is cheaper.

I didn't ask your opinion longie ... you and Ned Flanders rate about the same in the amount of interest I take in your opinions.

I'd bet that if the libs announce any one of those things tomorrow, you'll be cheering they are our saviours.

longweekend58 wrote on Apr 3^rd, 2016 at 3:23pm:

John Smith wrote on Apr 3rd, 2016 at 9:43am: - finish the NBN properly  NO POSITIVE UPSIDE - high speed rail from Melbourne through Canberra, Sydney and all the way to Brisbane  SO EXPENSIVE THAT business class airfare will be half the proce - invest in future technologies be they robotics, renewables, medicine etc  MEANINGLESS STATEMENT - a fresh water pipeline that brings water from the north to the south. BEEN LOOKED A BY ACTUAL experts and is not feasible. desal is cheaper.

High speed rail is feasible as you could develop some mid sized cities on the coast between melb,syd,bris. The ticket price doesn't need to reflect the actual cost because of the massive infrastructure savings made by getting people out of the crowded cities. It won't happen because you'd need a command economy to get it done

GordyL wrote on Apr 3^rd, 2016 at 7:41pm:

longweekend58 wrote on Apr 3rd, 2016 at 3:23pm: John Smith wrote on Apr 3rd, 2016 at 9:43am: - finish the NBN properly  NO POSITIVE UPSIDE - high speed rail from Melbourne through Canberra, Sydney and all the way to Brisbane  SO EXPENSIVE THAT business class airfare will be half the proce - invest in future technologies be they robotics, renewables, medicine etc  MEANINGLESS STATEMENT - a fresh water pipeline that brings water from the north to the south. BEEN LOOKED A BY ACTUAL experts and is not feasible. desal is cheaper. High speed rail is feasible as you could develop some mid sized cities on the coast between melb,syd,bris. The ticket price doesn't need to reflect the actual cost because of the massive infrastructure savings made by getting people out of the crowded cities. It won't happen because you'd need a command economy to get it done

the cost is quoted at several HUNDRED BILLION DOLLARS.  given that the ultimate cost would end up being triple that, you are talking about the better part of a trillion dollars. at 5% interest on borrowings the project would need to have $50B a year in profit to cover that alone - so say $100B in revenue.  Say they get as high as 5 million trips a year on the thing (and that is very high) they would be priced at $20,000 each.

it has been looked at many times and found to be unviable.

http://www.theage.com.au/victoria/roads-to-nowhere-record-infrastructure-spending-wasted-on-pork-barrelling-20160331-gnvm2r.html

The love of porkbarrelling.. ofc it turns out to be great investment during election campaigns since it cost parties nothing.

longweekend58 wrote on Apr 4^th, 2016 at 8:47am:

GordyL wrote on Apr 3rd, 2016 at 7:41pm: longweekend58 wrote on Apr 3rd, 2016 at 3:23pm: John Smith wrote on Apr 3rd, 2016 at 9:43am: - finish the NBN properly  NO POSITIVE UPSIDE - high speed rail from Melbourne through Canberra, Sydney and all the way to Brisbane  SO EXPENSIVE THAT business class airfare will be half the proce - invest in future technologies be they robotics, renewables, medicine etc  MEANINGLESS STATEMENT - a fresh water pipeline that brings water from the north to the south. BEEN LOOKED A BY ACTUAL experts and is not feasible. desal is cheaper. High speed rail is feasible as you could develop some mid sized cities on the coast between melb,syd,bris. The ticket price doesn't need to reflect the actual cost because of the massive infrastructure savings made by getting people out of the crowded cities. It won't happen because you'd need a command economy to get it done the cost is quoted at several HUNDRED BILLION DOLLARS.  given that the ultimate cost would end up being triple that, you are talking about the better part of a trillion dollars. at 5% interest on borrowings the project would need to have $50B a year in profit to cover that alone - so say $100B in revenue.  Say they get as high as 5 million trips a year on the thing (and that is very high) they would be priced at $20,000 each. it has been looked at many times and found to be unviable.

What rubbish. No link to support your rubbery numbers (as usual), and you're caught red-handed making up ludicrous numbers out of thin air. No wonder you have no credibility.

On the NBN:
I might like to have an Audi & I might be able to raise the cash. But it would be an unjustifiable expenditure and what I've got gets me around fine.

bogarde73 wrote on Apr 4^th, 2016 at 11:50am:

On the NBN: I might like to have an Audi & I might be able to raise the cash. But it would be an unjustifiable expenditure and what I've got gets me around fine.

it's not just about what you use it for ... we are heading into a technological era. The future lies in innovation and advancement in the electronics fields, where the internet plays a major part.

Back when they built the telephone line, luddites like you were saying the same thing. We don't need it, I send a telegram every few weeks, I can't justify the expense. What a load of hogwash.

bogarde73 wrote on Apr 3^rd, 2016 at 9:40am:

This is the time governments should be borrowing to invest in future productivity and new industries. There is good debt and bad debt in the public sector. Bad debt is where countries borrow to fund welfare & so on - think Greece. Good debt is where they borrow to fund infrastructure and such like: investment capacity for the future. No better time than now. Many central banks are lending at negative interest rates - they pay someone to take the money. That's not to say our govt could negotiate a long term loan on that basis but they could certainly borrow at negligible cost. So draw up your list of what we need: - modernised rail system - better roads - investment in social capital: hospitals, schools etc - investment in public & private technology R & D, including biotech & pharmaceutical - investment in robotics technology: it's coming whether we like it or not Endless possibilities to establish a base for new industries and employment. Why isn't it happening? Hawke established a Commission for the Future (?) with I think Barry Jones at the helm to look at this kind of thing 25 years or so ago. Where did that go?

At almost any time in the modern Economic era (post 1800AD), I would agree with you, as it has been part & parcel of Modern Economics & to some extent, part of the standard Business Cycle!

That said, all one has to do now, is look at Japan & Europe, to realise that THE "OLD BASICS", NO LONGER WORK! They have both been down that path & ALL IT IS NOW DOING, IS INCREASING DEBT!

And, in looking for reasons, why the old basics no longer work, all one must do, is look at what were the basic driving forces behind Modern Economics and you will then UNDERSTAND THAT WHAT DROVE ECONOMIC GROWTH FOR SOME 200 YEARS, IS NOW IN DECLINE & WILL NOT/CAN NOT RECOVER!

That assertion is backed up, by what has happened in both Japan & Europe & once it becomes clear, it is also occurring in the USA! Debt has not led to recovery in Japan, Europe or the USA, it has simply led to massive Debt, MUCH GREATER THAN AUSTRALIA!

So, the easy solutions have gone, NOW WE MUST ADDRESS, BOTH REVENUE INCREASES & EXPENDITURE REDUCTIONS, AS WELL AS REDUCTIONS IN GENERAL EXPECTATIONS and therefore it is TIME FOR THE POLITICIANS (all of them) TO TELL THE TRUTH, THE WHOLE TRUTH & NOTHING BUT THE TRUTH!!!    

But, perceptions, are you sure they used the debt for truly productive purposes or did a lot of it get poured down the sink?

Bam wrote on Apr 4^th, 2016 at 9:42am:

longweekend58 wrote on Apr 4th, 2016 at 8:47am: GordyL wrote on Apr 3rd, 2016 at 7:41pm: longweekend58 wrote on Apr 3rd, 2016 at 3:23pm: John Smith wrote on Apr 3rd, 2016 at 9:43am: - finish the NBN properly  NO POSITIVE UPSIDE - high speed rail from Melbourne through Canberra, Sydney and all the way to Brisbane  SO EXPENSIVE THAT business class airfare will be half the proce - invest in future technologies be they robotics, renewables, medicine etc  MEANINGLESS STATEMENT - a fresh water pipeline that brings water from the north to the south. BEEN LOOKED A BY ACTUAL experts and is not feasible. desal is cheaper. High speed rail is feasible as you could develop some mid sized cities on the coast between melb,syd,bris. The ticket price doesn't need to reflect the actual cost because of the massive infrastructure savings made by getting people out of the crowded cities. It won't happen because you'd need a command economy to get it done the cost is quoted at several HUNDRED BILLION DOLLARS.  given that the ultimate cost would end up being triple that, you are talking about the better part of a trillion dollars. at 5% interest on borrowings the project would need to have $50B a year in profit to cover that alone - so say $100B in revenue.  Say they get as high as 5 million trips a year on the thing (and that is very high) they would be priced at $20,000 each. it has been looked at many times and found to be unviable. What rubbish. No link to support your rubbery numbers (as usual), and you're caught red-handed making up ludicrous numbers out of thin air. No wonder you have no credibility.

it has been rejected time and time again on the basis of financial viability.  it is HUGELY expensive and would only service the east coast.  it would be slower than air travel but more expensive - probably by a factor of 3+ times.  So who is going to use it?

John Smith wrote on Apr 4^th, 2016 at 12:08pm:

bogarde73 wrote on Apr 4th, 2016 at 11:50am: On the NBN: I might like to have an Audi & I might be able to raise the cash. But it would be an unjustifiable expenditure and what I've got gets me around fine. it's not just about what you use it for ... we are heading into a technological era. The future lies in innovation and advancement in the electronics fields, where the internet plays a major part. Back when they built the telephone line, luddites like you were saying the same thing. We don't need it, I send a telegram every few weeks, I can't justify the expense. What a load of hogwash.

And how much innovation and manufacturing is done in the family room of the average home? Practically none.  And your argument fails because super-fast internet wont send an email appreciably faster than dial-up.

Do you wonder why PCs reached a certain speed and then has pretty much flat-lined?  Because Moores Law only applies when the level of performance is below the perceived minimum. The same with internet.  Everyone hated dialup because it was slow. ADSL one was faster but still not fast enough. With ADLS 2+ most things work quite well. social media, email etc all happen pretty fast and why should  we pay $3000 per person to have faster internet that for most people would scarcely be noticed.

longweekend58 wrote on Apr 4^th, 2016 at 4:54pm:

John Smith wrote on Apr 4th, 2016 at 12:08pm: bogarde73 wrote on Apr 4th, 2016 at 11:50am: On the NBN: I might like to have an Audi & I might be able to raise the cash. But it would be an unjustifiable expenditure and what I've got gets me around fine. it's not just about what you use it for ... we are heading into a technological era. The future lies in innovation and advancement in the electronics fields, where the internet plays a major part. Back when they built the telephone line, luddites like you were saying the same thing. We don't need it, I send a telegram every few weeks, I can't justify the expense. What a load of hogwash. And how much innovation and manufacturing is done in the family room of the average home? Practically none.  And your argument fails because super-fast internet wont send an email appreciably faster than dial-up. Do you wonder why PCs reached a certain speed and then has pretty much flat-lined?  Because Moores Law only applies when the level of performance is below the perceived minimum. The same with internet.  Everyone hated dialup because it was slow. ADSL one was faster but still not fast enough. With ADLS 2+ most things work quite well. social media, email etc all happen pretty fast and why should  we pay $3000 per person to have faster internet that for most people would scarcely be noticed.

Why have we got the internet?

The telegraph worked quite well ;)

longweekend58 wrote on Apr 4^th, 2016 at 4:54pm:

And how much innovation and manufacturing is done in the family room of the average home? Practically none

rubbish ... many of todays latest and greatest were developed in backyards. 'Apple' and 'Dyson' are two that come to mind off the top of my head.

John Smith wrote on Apr 4^th, 2016 at 6:18pm:

longweekend58 wrote on Apr 4th, 2016 at 4:54pm: And how much innovation and manufacturing is done in the family room of the average home? Practically none rubbish ... many of todays latest and greatest were developed in backyards. 'Apple' and 'Dyson' are two that come to mind off the top of my head.

Both developed well BEFORE the internet.

try again.

longweekend58 wrote on Apr 5^th, 2016 at 12:32pm:

John Smith wrote on Apr 4th, 2016 at 6:18pm: longweekend58 wrote on Apr 4th, 2016 at 4:54pm: And how much innovation and manufacturing is done in the family room of the average home? Practically none rubbish ... many of todays latest and greatest were developed in backyards. 'Apple' and 'Dyson' are two that come to mind off the top of my head. Both developed well BEFORE the internet. try again.

well derr  :D :D.... you asked about innovation and backyard manufacturing. Don't try to move the goal posts just because you look like an idi ot

if the resources are there, people will use them. Just because you haven't the imagination to see what people will do with it in the future, it doesn't mean they won't use it.

John Smith wrote on Apr 5^th, 2016 at 12:41pm:

longweekend58 wrote on Apr 5th, 2016 at 12:32pm: John Smith wrote on Apr 4th, 2016 at 6:18pm: longweekend58 wrote on Apr 4th, 2016 at 4:54pm: And how much innovation and manufacturing is done in the family room of the average home? Practically none rubbish ... many of todays latest and greatest were developed in backyards. 'Apple' and 'Dyson' are two that come to mind off the top of my head. Both developed well BEFORE the internet. try again. well derr  :D :D.... you asked about innovation and backyard manufacturing. Don't try to move the goal posts just because you look like an idi ot if the resources are there, people will use them. Just because you haven't the imagination to see what people will do with it in the future, it doesn't mean they won't use it.

Yeah lets spend $100B on home fibre on the off chance that somebody might develop a thingamajig that might make a few million dollars.

yeah that makes sense.

idiot

longweekend58 wrote on Apr 5^th, 2016 at 7:11pm:

John Smith wrote on Apr 5th, 2016 at 12:41pm: longweekend58 wrote on Apr 5th, 2016 at 12:32pm: John Smith wrote on Apr 4th, 2016 at 6:18pm: longweekend58 wrote on Apr 4th, 2016 at 4:54pm: And how much innovation and manufacturing is done in the family room of the average home? Practically none rubbish ... many of todays latest and greatest were developed in backyards. 'Apple' and 'Dyson' are two that come to mind off the top of my head. Both developed well BEFORE the internet. try again. well derr  :D :D.... you asked about innovation and backyard manufacturing. Don't try to move the goal posts just because you look like an idi ot if the resources are there, people will use them. Just because you haven't the imagination to see what people will do with it in the future, it doesn't mean they won't use it. Yeah lets spend $100B on home fibre on the off chance that somebody might develop a thingamajig that might make a few million dollars. yeah that makes sense. idiot

Longy - you're a Luddite -

we have one of the slowest internet services in the world -
it's a disgrace.

Australia is becoming a 3rd world country drowning in debt.

longweekend58 wrote on Apr 5^th, 2016 at 7:11pm:

Yeah lets spend $100B on home fibre on the off chance that somebody might develop a thingamajig that might make a few million dollars

I hardly think it's an 'off chance' . Once we have decent internet the ideas on how to best use it will come. If I asked you when copper first started in Australia what would you do with it, what would you have answered fax or internet? ...

In the meantime the country gets decent internet which allows businesses can operate from ANYWHERE rather than 'where they get good internet' .

longweekend58 wrote on Apr 5^th, 2016 at 7:11pm:

John Smith wrote on Apr 5th, 2016 at 12:41pm: longweekend58 wrote on Apr 5th, 2016 at 12:32pm: John Smith wrote on Apr 4th, 2016 at 6:18pm: longweekend58 wrote on Apr 4th, 2016 at 4:54pm: And how much innovation and manufacturing is done in the family room of the average home? Practically none rubbish ... many of todays latest and greatest were developed in backyards. 'Apple' and 'Dyson' are two that come to mind off the top of my head. Both developed well BEFORE the internet. try again. well derr  :D :D.... you asked about innovation and backyard manufacturing. Don't try to move the goal posts just because you look like an idi ot if the resources are there, people will use them. Just because you haven't the imagination to see what people will do with it in the future, it doesn't mean they won't use it. Yeah lets spend $100B on home fibre on the off chance that somebody might develop a thingamajig that might make a few million dollars. yeah that makes sense. idiot

google alone is spending more on a high speed fiber network you wanker !!!

John Smith wrote on Apr 5^th, 2016 at 10:03pm:

longweekend58 wrote on Apr 5th, 2016 at 7:11pm: Yeah lets spend $100B on home fibre on the off chance that somebody might develop a thingamajig that might make a few million dollars I hardly think it's an 'off chance' . Once we have decent internet the ideas on how to best use it will come. If I asked you when copper first started in Australia what would you do with it, what would you have answered fax or internet? ... In the meantime the country gets decent internet which allows businesses can operate from ANYWHERE rather than 'where they get good internet' .

what rubbish.  I am talking about IN THE HOME. Business is one thing, but in the home it wont be 'good ideas'. It will be netflix porn and facebook.

Sir lastnail wrote on Apr 5^th, 2016 at 10:18pm:

longweekend58 wrote on Apr 5th, 2016 at 7:11pm: John Smith wrote on Apr 5th, 2016 at 12:41pm: longweekend58 wrote on Apr 5th, 2016 at 12:32pm: John Smith wrote on Apr 4th, 2016 at 6:18pm: longweekend58 wrote on Apr 4th, 2016 at 4:54pm: And how much innovation and manufacturing is done in the family room of the average home? Practically none rubbish ... many of todays latest and greatest were developed in backyards. 'Apple' and 'Dyson' are two that come to mind off the top of my head. Both developed well BEFORE the internet. try again. well derr  :D :D.... you asked about innovation and backyard manufacturing. Don't try to move the goal posts just because you look like an idi ot if the resources are there, people will use them. Just because you haven't the imagination to see what people will do with it in the future, it doesn't mean they won't use it. Yeah lets spend $100B on home fibre on the off chance that somebody might develop a thingamajig that might make a few million dollars. yeah that makes sense. idiot google alone is spending more on a high speed fiber network you wanker !!!

in the USA. and is there a single example of innovative technology developed as a result?  I know people on the 1Gb network and they use it for... netflix.

longweekend58 wrote on Apr 6^th, 2016 at 3:26pm:

John Smith wrote on Apr 5th, 2016 at 10:03pm: longweekend58 wrote on Apr 5th, 2016 at 7:11pm: Yeah lets spend $100B on home fibre on the off chance that somebody might develop a thingamajig that might make a few million dollars I hardly think it's an 'off chance' . Once we have decent internet the ideas on how to best use it will come. If I asked you when copper first started in Australia what would you do with it, what would you have answered fax or internet? ... In the meantime the country gets decent internet which allows businesses can operate from ANYWHERE rather than 'where they get good internet' . what rubbish.  I am talking about IN THE HOME. Business is one thing, but in the home it wont be 'good ideas'. It will be netflix porn and facebook.

if that's all you use it for that's your business .... not everyone uses their internet just for porn you know :D :D :D

longweekend58 wrote on Apr 6^th, 2016 at 3:26pm:

John Smith wrote on Apr 5th, 2016 at 10:03pm: longweekend58 wrote on Apr 5th, 2016 at 7:11pm: Yeah lets spend $100B on home fibre on the off chance that somebody might develop a thingamajig that might make a few million dollars I hardly think it's an 'off chance' . Once we have decent internet the ideas on how to best use it will come. If I asked you when copper first started in Australia what would you do with it, what would you have answered fax or internet? ... In the meantime the country gets decent internet which allows businesses can operate from ANYWHERE rather than 'where they get good internet' . what rubbish.  I am talking about IN THE HOME. Business is one thing, but in the home it wont be 'good ideas'. It will be netflix porn and facebook.

Looks like we just found out how YOU use the internet.  ;D