Weekend reflections

Weekend Reflections is on again. Please comment on any topic of interest (civilised discussion and no coarse language, please). Feel free to put in contributions more lengthy than for the Monday Message Board or standard comments.

8 thoughts on “Weekend reflections

  1. Ahhh September and the sweet smell of finals is a Port man’s nostrils again. Watched a bit of the fruit tingles against Collingwood last night and there’s no doubt they jump up a cog with the Roo playing. Same with Port and Tredrea if you look at our last two wins. You just knew Roo would sink that timely goal late in the game when the Pies were threatening. You shouldn’t underestimate leadership in team performance (Mrs Tredders please take note with the timing of that hatchling here)
    Speaking of leadership, the new dynasty of Port coaches has begun in earnest with the Demon’s appointment of Port assistant coach Dean Bailey as head coach for next season. Melbourne fans can probably look forward to some success like the Hawks have under Alastair Clarkson now. That’s why Williams was canvassed with an offer of squillions, buy out his contract and sign up for 3 years with another hopeful. Port have no choice but to closely match the offer, allowing for the emotional attachment to Port and his home state. There’s no salary cap on coaches, just like corporate CEOs and rightly so. The marketplace sets their rates and the right leader can make all the difference to shareholder and employee returns. If sporting champs can earn the Beckham salaries, the salaries of CEOs are cheap by comparison.
    Turning to the finals, it’s almost axiomatic that the ultimate Premier will come from one of the sides that wins the first two finals out of teams 1-4, with the rest just making up the numbers and keeping the turnstyles clicking. If you could get more than 2-1 premiership odds on the winners of 1vs4 and 2vs3 after next weekend, it would be a pretty safe bet to plonk equal amounts on both. That’s why Port fans know second spot and a minimum of 2 home finals is so important tonight. Same with West Coast, so look out Bombers and Dockers fans, it’s going to get ugly today.

  2. I postulate where a different entity to the owner spends an owners money, this inevitably creates moral hazard and the majority of economic problems experienced in the modern world.

  3. (This has been adapted from a larger post which has been broken down and re-arranged in the hope of being able to get around the bug in WordPress which has stopped me from posting. – JS)

    George Monbiot’s overview of devastation wrought by neoliberalism

    On 29 August, I was told of a very good article by George Monbiot “How Did We Get Into This Mess?” which dated all of our current economic and environmental catastrophes to a meeting in 1947 at a Swiss spa resort of leading neo-liberal ideologues of the Mont Pelerin Society. Monbiot writes:

    When the Mont Pelerin Society first met, in 1947, its political project did not have a name. But it knew where it was going. The society’s founder, Friedrich von Hayek, remarked that the battle for ideas would take a least a generation to win, but he knew that his intellectual army would attract powerful backers. Its philosophy, which later came to be known as neoliberalism, accorded with the interests of the ultra-rich, so the ultra-rich would promote it.

    Neoliberalism claims that we are best served by maximum market freedom and minimum intervention by the state. … By this means, enterprise is liberated, rational decisions are made and citizens are freed from the dehumanising hand of the state.

    This, at any rate, is the theory. But as David Harvey proposes in his book A Brief History of Neoliberalism, wherever the neoliberal programme has been implemented, it has caused a massive shift of wealth not just to the top one percent, but to the top tenth of the top one per cent(4). In the United States, for example, the upper 0.1% has already regained the position it held at the beginning of the 1920s(5).

    Of the various neo-liberal think tanks whose origins can be traced back to that meeting in 1947 – The Heritage Foundation, the Hoover Institute, the American Enterprise Institute and many others in the US, the Institute of Economic Affairs, the Centre for Policy Studies and the Adam Smith Institute in the UK, – he writes:

    Their purpose was to develop the ideas and the language which would mask the real intent of the programme – the restoration of the power of the elite – and package it as a proposal for the betterment of humankind.

  4. What do I know about football! West Coast get off to a flier by half time and it looks like Port are going to have their work cut out for them beating their percentage, until the Bombers decide to send off Hirdy and Sheeds in the appropriate manner. With an 8 point winning margin, all Port have to do is win by any margin to grab second spot and 2 home finals guaranteed. So a record season crowd of us roll up to pay homage to the boys for the last 2 week’s effort and enjoy the inevitable. A bit wasteful with 11 scoring shots to 3 in the first quarter, for only 4 goals, but they kick another 4 unanswered goals early in the second and then the beggars start thinking of the showers and next week. For the next half Port fiddle and fart around, slowly but surely giving Freo the idea that if they put their head over the ball and continue to play footy they can beat the side that just knocked off first and second on the ladder on home turf. Forget our fearless leader here. He’s off with the fairies practising his huff, huff, blow routine for Mrs T. To the moans and groans of Port fans, the rest of them mimic the Mini League at half time and at three quarter time we’re wondering how this bunch of pretenders is still in front. So, Chocko takes them over to the Port season ticket holder’s side at three quarter time and tells the players if they don’t pull their fingers out and play real footy, they’ll be back with their jocks on their heads at the end of the game to explain it all to them and the unthinkable becomes the predictable again. The Mexican wave with a few minutes to go, is half relief, half congratulations for the season and we’ll see you back next week in finals mode guys, or else!

  5. Thanks for the Angry Bear link, gordon. (Here’s a link to an “Angry Beavers” web site if anyone appreciated that Canadian cartoon of the 1990’s)

    Larry Kudlow’s figure of US$127billion spent by the US government on New Orleans since Hurricane Katrina (as compared to the US$141billion GDP figure for Louisiana) even allowing for possible fudges, distortions, double counting, waste, and unspent allocated money should not be altogether surprising.

    It gives us a small idea of the true costs that we will be made to bear as human-induced climate change accelerates in coming years.

    If these sorts of figures had been used instead of figures conjured up out of thin air by economists in past years in order to ‘prove’ that that the costs of cutting fossil fuel consumption would have been greater than the economic costs of climate change itself, then the necessary action to confront climate change would not have been delayed for so long.

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