Central Planning ? Que ????

Conservative journalist Andrew Bolt posted financial journalist Terry McCrann’s latest comment about the political problems of Prime Minister Malcolm Turnbull here.  What caught my attention was McCrann’s sentence

The central problem, though, is does anybody believe the government at least “has a plan”?…

I wonder if McCrann and Bolt realise that the PM’s political problems are precisely those associated with the inability of central planning to achieve anything positive.  An ever growing public sector with a corresponding shrinking private sector coupled to grand social engineering goal that is socialism can only lead to problems.

They really don’t think things through, if they think at all.

About Louis Hissink

Retired diamond exploration geologist. I spent my professional life looking for mineral deposits, found some, and also located a number of kimberlites in NSW and Western Australia. Exploration geology is the closest one can get to practicing the scientific method, mineral exploration always being concerned with finding anomalous geophysical or geochemical data, framing a model and explanation for the anomaly and then testing it with drilling or excavation. All scientific theories are ultimately false since they invariably involved explaining something with incomplete extant knowledge. Since no one is omniscient or knows everything, so too scientific theories which are solely limited to existing knowledge. Because the future always yields new data, scientific theories must change to be compatible with the new data. Thus a true scientist is never in love with any particular theory, always knowing that when the facts change, so too must he/she change their minds.
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2 Responses to Central Planning ? Que ????

  1. tempestnut says:

    Louis I think this YouTube video sums up the thinking that goes on in Government and the Corporate world. Possibly the only places you can get clear thinking anymore are in the traditional manufacturing areas where corporatism hasn’t yet managed to destroy all competition and a bit of realism still has to exist.

    Like

  2. Peter,
    Yes, spot on. reminds me of a ‘visit’ I had of a lady offering HR services and the supply of field assistants during 2013 when I was still in the industary. Not only that but she also told me she was a qualified geologist, with her qualifications being from what I call an Enid Blyton University, or TAFE as we have them in Australia.

    This experience, plus the inability to raise capital, prompted me to retire in 2013; the system has been overcome by an invasion of the oustandingly mediocre.

    Like

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