Re: The brutality of global capitalism

[Rob Schaap <rws@xxxxxxxxxxxxxxxxxxxxxx>]

The Australian Kopek is 18.5% down on January - at an all-time low of 54.8
cents ... and falling as I watch.  The ABC says the Reserve Bank donated
$100 million to the speculators today alone.  Zurich's sickeningly oily
David Hale reckons it's because we've got no big-profile
IT/telecommunications entities on our stock exchange.  Labor reckons it's
because our recent descent into a goods and services tax - bought with
enormous income tax cuts to the rich - is beginning to contribute to
inflation.

I reckon it's nothing to do with our dollar.  It's your bastard that's
doing it.  And now it's so relatively big'n'tough, I s'pose you'll waltz
in, pick up our productive assets at about 2/3 of their value, and help our
dollar back to 60 cents before people begin to realise we no longer have an
economy, and sell it back down.  What then, eh?

Reckon a few Yank Olympics vacationers might be declaring the odd mining
company at the customs desks three weeks hence ...

Sigh,
Rob.