lee wrote on Jul 26^th, 2026 at 12:58pm:


Where Capitalists have no worry about your money - they know that they already have it all.

In reality it is just a different branch of the same thing.

lee wrote on Jul 28^th, 2026 at 7:43pm:


According to productivity increases you should have well more than doubled what you currently have and worked a 3 day week to get there. That difference is what turned millionairs into billionairs and soon trillionairs. They kept the lot - all of it while your share of your productivity remained stagnant for decades.

lee wrote on Jul 29^th, 2026 at 4:28pm:


Your mistake: the dysfunctional economic system you support is the reason why others  need your help aka your charity.

In case you haven't heard, the desire for change in the current system is the reason why ON and other non-mainstream parties are winning in the polls.

 

lee wrote on Jul 28^th, 2026 at 1:24pm:


And you are merely proving you are incapable of reading or comprehending an argument put to you.

"Increasing the money supply does not always immediately or fully devalue a currency", because... etc etc - read the quote again.

Understand?

ie, when productivitiy increases eg assited with robots, then more money in the  economy will increase supply and living standards without causing inflation.

https://www.ozpolitic.com/forum/YaBB.pl?num=1645944963/1485#1497
#1497

Quote:


No it isnt: Friedman's monetarist theory of inflation is incorrect; unresolved competition for available resources is the cause of inflaton.

   
Quote:


Erroneous premise: "prining money"  won't devalue the currency when productivity is increasing.

thegreatdivide wrote on Aug 2^nd, 2026 at 4:09pm:




Because the statement was "they" already have it, which was obviously false.

lee wrote on Aug 2^nd, 2026 at 3:49pm:


Your error: the CCP doesn't support charity nor the dole; the CCP oversees continuous productivity gains ....but China IS running into problems maintaining full employment - now that Trump is rejecting WTO free-trade rules which resulted in the US's de-industrialization, courtesy of your delusional Neoclassical economics.

Quote:


Your error (being a blind Neoclassical ideologue): people have always wanted a fair deal from government  ie wages capable of funding housing, education, health, and transport for families 

Woirkers have always had to bargain with bosses, but until recently the mainstream parties were able to attract centre L - R voters from the electorate.   

No longer the case, hence soc. Dems in the US and populist Right figures elsewhere are hoovering up the votes of the electorate.

The question is: can "don't rock the boat"  Burnham succeed where Starmer and the Conservatives before him failed. 

thegreatdivide wrote on Aug 2^nd, 2026 at 4:31pm:



Tell that to the Uighurs about being paid for productivity gains.


thegreatdivide wrote on Aug 2^nd, 2026 at 4:31pm:


Which is what I said. They want MORE.

thegreatdivide wrote on Aug 2^nd, 2026 at 4:31pm:



Of course they have. Otherwise it would be communism where the worker controls everything. And we know how that went.

thegreatdivide wrote on Aug 2^nd, 2026 at 4:31pm:



The Soc Democrats are centre left, which partially explains their popularity. We will see how it transfers after government.

thegreatdivide wrote on Aug 2^nd, 2026 at 4:31pm:


Seeing as he still supports Nut Zero -NO.

thegreatdivide wrote on Aug 2^nd, 2026 at 4:45pm:


Nope. All; it does is kick the can down the road.

How is Albo's reducing house prices going? People not in the market because of genuine fears that a fall in the market will lead to mortgages exceeding values. It has also not lowered rents.

thegreatdivide wrote on Aug 2^nd, 2026 at 4:45pm:



Truly stupid.

From duck.ai "es—all else equal, increasing the money supply tends to devalue a currency because it raises the amount of money relative to goods and services.

Key intuition:

    More money chasing the same goods → prices tend to rise (inflation), so each unit of the currency buys less.
    If that inflation is higher than other countries, your currency often loses value in exchange rates (depreciation) because investors expect a weaker purchasing power going forward.

A useful way to phrase the relationship is:

    Money supply ↑ ⇒ expected inflation ↑ ⇒ purchasing power ↓ (and often exchange rate value ↓).

Caveat (still consistent with the statement): the effect depends on why money supply increases and whether the economy can expand output. If more money corresponds to more real production, inflation/devaluation may be smaller.

That of course does not line up with Australa's decreasing productivity.