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Comment Re:I have an idea (Score 1) 100

That might actually be an improvement on the current system. What we have now is low level banks issuing digital currency as loans to people. The digital currency is immediately transferred to someone else (or why would you ask for the loan?) and the new owner is tracked by another (or perhaps the same) bank. The "prime interest rate" doesn't really control how much currency the banks create. That only effects the bottom line of the banks 30 days after the currency is created.

Comment Re:Dissappointed (Score 1) 291

This government does not need to reduce spending. A blind goal of imposing austerity will cripple us. While the economy is currently recovering, this will be short lived. When the next crisis hits, we need a government willing to spend.

The government is not like a company or a household. When governments run a deficit, or banks lend money, they add to the money supply the rest of us use. I would much prefer the government to give us money instead of relying on greedy banks for it. But during a crisis, the banking sector will reduce the flow of new money. If the government attempts to do the same, we'll end up like Greece.

Comment Re:Plumber (Score 1) 509

The wealthy have captured the government legislation process. If you try to raise the tax rate they will just lobby the government, or buy media time to convince the population that this new tax will effect them too.

Eventually we will revolt in some form, if the economy continues to favour the rich the outcome is inevitable. I only suggested the guillotine to emphasise the problems that France had after its introduction. After replacing their rulers, the new ones turned out to be as bad or worse than the old ones. We may face similar turmoil after we attempt to fix the problem, as often the cure can be worse than the plague. History has repeated this pattern many times.

Consider the 1920's, everything was booming. The rich were getting richer off everyone else, but the imbalance was smaller than today. Then the market crashed, leading to the Depression as governments failed to react in the right way to cushion the economy. In Germany and other places, the downtrodden rose up against the old rulers and replaced them. Eventually leading to WWII.

I hope we are not going to repeat these mistakes again. But the warning signs are there that we may be heading down the same well trodden path.

Comment Re:This is complete crap!!! (Score 1) 112

http://www.aph.gov.au/About_Parliament/Senate/Powers_practice_n_procedures/odgers/chap18

Orders for production of documents are among the most significant procedures available to the Senate to deal with matters of public interest giving rise to questions of ministerial accountability. It is open to the Senate to treat a refusal to table documents as a contempt of the Senate. In cases of government refusal without due cause, however, the Senate has preferred political remedies. In extreme cases the Senate, to punish the government for not producing a document, could resort to more drastic measures than censure of the government, such as refusing to consider government legislation. (See also Chapter 19, Relations with the Executive Government, under Remedies against executive refusal of information.)

Lets hope that they continue to pressure the government for this information. The rest of the voting process is open, why not the counting software? Or at least easy access to the raw data, so members of the public can analyse it themselves.

Comment Re:Political Absurdism (Score 1) 69

QoS and traffic management can help you cope with a bottleneck and still get some important traffic through. But it can only work by choosing which traffic to drop. Who should decide what traffic is most important? What if your customers start using a new high bandwidth service? Why do you get to decide that this traffic is unimportant and should be dropped?

There is only one equitable solution to this problem. Upgrade the network so that the choke point no longer exists and no traffic needs to be dropped at all. This may mean laying more fiber, upgrading routers, or striking a deal with the biggest producers of data so they can completely bypass the choke point.

But there are often at least two companies involved in the negotiations, (Netflix, Comcast, Cogent, Verizon, ...) and none of them want to pay for the upgrades. So what do you do then? Should we force ISP's to upgrade network links at their expense, passing the costs on to their customers? (IMHO, yes). Or should ISP's be able to strong arm everyone else to pay for the upgrades?

That is the fundamental argument.

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