And this man is Treasurer – his ‘dramatic intervention’

South Australian Treasurer Tom Koutsantonis:

We can no longer be at the mercy of the markets because the markets serves its own interests not ours.

I’m sure James Buchanan (RIP) would point out that Koutsantonis is acting in his own interests not that of South Australians.

About Lucius Quinctius Cincinnatus

I'm a retired general who occasionally gets called back to save the republic before returning to my plough.
This entry was posted in Uncategorized. Bookmark the permalink.

69 Responses to And this man is Treasurer – his ‘dramatic intervention’

  1. rickw

    South Australian Treasurer Tom Koutsantonis

    Fucking idiot.

  2. Leo G

    Thus spake Public Sector service market participant Tom Koutsantonis.

  3. Mike of Marion

    One of the most arrogant pricks ever to draw breath.

  4. John64

    The Greek Goose(steen) is also Minister for Mineral Resources and Energy which makes him doubly dangerous.

  5. Craig

    FMD, did he really say that? So now what, legislate business out of existence in SA? The man is a fuckwit and totally unemployable in the private sector.

  6. Wozzup

    There is no point suggesting Koutsantonis should learn the basics of economics – the man is not capable of understanding anything about kindergarten level comprehension. After all why should he read about economics and how markets operate? He is only the State Treasurer. Total fucking idiot.

  7. John Bendall

    Give him a break(as well as a brake) he was a well “decorated” taxi driver. He’s trying isn’t he? Very…I here you say!

  8. stackja

    ALP treasurers don’t know any better.

  9. Howard Hill

    ALP.LIB.LNP.GREEN treasurers don’t know any better.

    FIFY. You’re welcome!

  10. NewChum

    I would normally say it’s just communists trying to get the state to run everything. But then most of these utilities were state owned at one point. If they just stayed that way instead of all the carbon market insanity the outcomes would be better.

    Not saying that state owned is better than private owned. Saying state owned is better than a Potemkin made up market regulated completely by the state.

  11. Jannie

    One sentence. He could be talking about stockpiling toiletpaper, or batteries, or the spike in the price of petrol generators. A bit more context might be useful to avoid rushing to judgement.

  12. Jack

    My bet is the SA energy crisis will be solved by harnessing the hot air generated by Adelaide’s Thinkers in Residence, which will be stored in A Tesla battery farm to await the return of mythical Mike Rann from far away U.K. Land where he is divining a ‘social inclusion and city rejuvenation plan (seriously, you can’t make this stuff up)….

  13. Texas Jack

    So Koutsantonis is a bonehead. Tell us something we don’t know. Like where are the limp-dicked Liberals to counter his argument? The Greens and the ALP get away with blue murder only because the Libs are so far king useless.

  14. candy

    Is there anything wrong with electricity becoming a state owned thing again? Where the mix of energy sources is not a political issue but reasonably priced abundant power is supplied.

    It is an essential after all, it’s not a “consumer” good. We all need a certain amount of electricity. Not like the Internet as such, which even now a lot people don’t have, or have the very very minimum, and some have sophisticated plans, some have moderate plans. It’s ideal for private enterprise as it keeps up with advances too.

    I reckon if you asked about you’d find many people would prefer the state owned model and would be a winning policy.

  15. pbw

    Jannie,

    This is from question time, 14 Feb 2017.

  16. Bruce

    How many times can they run the scam?

    Build up a sort-of functioning operation.
    Flog it off to “investors” at an outrageous price.
    Pocket / distribute to “friends”, all of the loot.
    Bitch mightily when things go a bit pear-shaped, mainly due to government regulations and interference.
    In a fit of high dudgeon and Cosmic-grade righteousness, Nationalize the lot at a pittance payout (if any).
    Rinse and repeat, ad nauseum.

    Follow the money, folks!

  17. Confused Old Misfit

    Angels and Ministers of Grace, Defend Us!

  18. duncanm

    Is there anything wrong with electricity becoming a state owned thing again? Where the mix of energy sources is not a political issue but reasonably priced abundant power is supplied.

    you are joking, right ? In SA ?

  19. classical_hero

    Without the state the market would be working. You should not be complaining about problems you created.

  20. Rob MW

    We can no longer be at the mercy of the markets because the markets serves its own interests not ours.

    Funny that. The ‘markets’ obviously need some sort of electricity to enable any sort of trade so by extension it’s the markets fault that electricity mounted and rode away. Makes sense to any village fuckwit that has no idea to the trick involved in dismounting a dead horse.

  21. Leigh Lowe

    How did they go keeping the lights on for the Adele concert?

  22. Pedro the Ignorant

    Godalmighty. Is this fool really the state treasurer?

    No wonder the place is a financial basket case with a third world electricity supply.

  23. Ubique

    Even the Greeks would reckon this bloke is deranged.

  24. Blair

    “Is there anything wrong with electricity becoming a state owned thing again? Where the mix of energy sources is not a political issue”
    A “state owned thing” is not a political issue?

  25. JC

    We can no longer be at the mercy of the markets because the markets serves its own interests not ours.

    All Greek to me.

  26. Brian

    Just back from the concert. The rotating stage pulled the power plug out…..
    No troubles apart from that.

  27. Mother Lode

    I believe this was also Chavez’ argument.

  28. Up The Workers!

    Join the A.L.P. – where stupidity is regarded as a virtue!

  29. John Comnenus

    At first blush I thought what a goose, no wonder Greece is in such a mess, then I thought oh, he is treasurer in Ssouth America somewhere before realising he was in South Australia.

    Surely this idiot will make his State even further down the road the Greek economy via South American style policies.

    God help us. And there is no way to kick the ALP out in SA given the very effective gerrymandering they have going on there where the party that consistently loses the popular vote almost always wins the election.

    SA is an experiment – it is our national future. We truly are a stupid people led in the main by gutless and stupid leaders. We will get the governments we vote for.

  30. Crossie

    Not saying that state owned is better than private owned. Saying state owned is better than a Potemkin made up market regulated completely by the state.

    I believe Mussolini didn’t want to be bothered by details, he made sure that someone else did by following his orders and then that someone took the blame when things didn’t work out.

    What Koutsantonis is trying to do is jump the fascist stage and go straight to communism. Hugo Chavez took too long, SA can get there much quicker.

  31. Crossie

    Didn’t South Australians pride themselves on not being tainted by a convict past? Going by current results it seems convicts or their descendants have a better understanding and appreciation of economic principles.

  32. Noodles Romanoff

    And right on cue we just had a brief power outage. I shudder to think what the “solution” to our power crisis, announced today, will be.

  33. Baldrick

    We can no longer be at the mercy of the markets renewables because the markets renewable subsidies serves its own interests not ours.

    It fixes it.

  34. john constantine

    “The South Australian Government has already dangled a sizable carrot to the power market to try to encourage both a new source of electricity generation and a new source of dispatchable renewable energy.

    Last year, it issued a tender for supply of 75 per cent of the Government’s own electricity usage for a new market entrant, and another for the remaining 25 per cent to come from dispatchable renewables (batteries or another storage solution).”

    Their ross garnaut is leading a troughload of taxleeches with a grand idea to solve it all through subsidies.

  35. Hydra

    Is there anything wrong with electricity becoming a state owned thing again? Where the mix of energy sources is not a political issue but reasonably priced abundant power is supplied.

    As someone from the Latrobe Valley who was the 3rd generation to work for the SECV you are very very wrong.

  36. Combine Dave

    Where’s Trumbille slapping this guy down?

    Oh wait he’s fully on board with a renewable energy driven economic recovery. Sad!

  37. Hydra

    Under the SECV in the 80s and 90s, Hazelwood barely had 8 turbines running at once, there were massive failures, there was no money to pay for repairs, workers were 6 times what are currently used to maintain the plant, and they were way overpaid for their roles.

    Without privatisation, Hazelwood would have closed in 2006 as originally commissioned. Privatisation saved it and has saved Victoria’s electricity supply for the enjoyment of future generations.

  38. Tel

    But they keep telling me there’s never been a problem in South Australia, they had a freak storm, some pylons came down, no big deal, all got fixed, could happen to anyone.

    So if there’s no problem why are these guys putting so much effort into finding someone to blame?

    Pretty weird if you ask me.

  39. john constantine

    Their abc have backflipped from the fanatic meme that only deniers would say that renewbs are to blame for blackouts, to their abc ranting the fanatic meme that only deniers would say that free batteries can fix the faults with renewbs.

    Burn their lying abc to the ground yesterday.

  40. john constantine

    [proofread too late, should have said that only deniers WOULDN’T say that free batteries fix everything]

  41. Tel

    It is an essential after all, it’s not a “consumer” good. We all need a certain amount of electricity.

    That quite right.

    Humans were all dead before they invented electricity.

  42. Combine Dave

    But they keep telling me there’s never been a problem in South Australia, they had a freak storm, some pylons came down, no big deal, all got fixed, could happen to anyone.

    So if there’s no problem why are these guys putting so much effort into finding someone to blame?

    Pretty weird if you ask me.

    Has fakenews always been thus?

  43. Combine Dave

    That quite right.

    Humans were all dead before they invented electricity.

    I’m sure most would die if you cut all the power in a capital city and let the humans there fend for themselves as nature ended for a few months. Not a lot of available game animals…

    Although they’d probably start storing a different kind of meat in barrels.

    Grig/BS/P/RMac/Candy would be in its element!

  44. struth

    I bet the power stays on for all the left wing festivals like womad that SA “the festival state” have every year.
    What a joke Australia is.
    Thinking about state slogans like the one above makes me think there now should be a few more truthful ones written.
    SA, the stone age state.

  45. Bruce

    “The rotating stage pulled the power plug out…..”

    Someone should “fry” for that.

    I’ve dragged a LOT of cables in Show Biz. I’ve also seen some stupid / dangerous things done that involved LIVE power cables.

    Really big gigs like the Adelaide show would be pulling 3-phase mains from special buss-bars via rather robust connectors, not some crappy 10-Amp, 3-pin plug in a domestic GPO. The power to drive a revolve of that size would be in the order of 100 Amps per phase at start-up, at least.

    I won’t bore folks with the various methods of supplying power to revolving / tracking etc stage elements and the gear stacked up on it.

    Suffice to say there are tried and tested ways to reliably run mechanically-complex shows without tearing power (or any other sort of cable), from its proper place.

  46. H B Bear

    Democracy has always proved difficult in failed States.

  47. Markets? Who are these markets you speak of?

  48. Atoms for Peace

    I see that Sarah hyphen hyphen is fluttering about on her eyelashes at the moment, adding her wisdom to the debate…

  49. Tim Neilson

    Is there anything wrong with electricity becoming a state owned thing again? Where the mix of energy sources is not a political issue but reasonably priced abundant power is supplied.

    FFS candy, when did any State government ever supply anything abundantly and cheaply (except to their cronies)? Even if the headline price of any state-supplied good or service is cheap that’s just because state taxpayers are getting bashed and robbed to hide the real cost.

    Think about it. You say electricity is a “necessity” – maybe, but so is food. In Australia, no-one starves to death, in fact we have a so-called “obesity epidemic”. The thing is, food isn’t controlled by the government so it is abundant and cheap.

    In SA electricity is not abundant and cheap because the government controls it. It wasn’t the free market that decided to dynamite a perfectly good coal fired power station in SA, it was the government.

  50. Dr Fred Lenin

    Do they actually have a liberal party in SA ? I know we dont have one in andrewstan or in ruddbullstan ,they used to have one in Qld and WA . Question,has malcolm ruddbull finaly removed any opposition to tge u.n. Communust green liars party . The elites would never allow a Trump to rise here they would change the electoral rules and preference him out . The only solution here is for the wankers to reduce us to dark poverty ,then the penny will drop and the left will be history.

  51. Brian

    The Liberal Party in SA is more interested in being politically correct than dealing with real problems.

  52. Brian

    The Liberal Party in SA is more interested in being politically correct than dealing with real problems. Like many politicians, they think that throwing more money at things is the only answer possible. But reducing costs and regulations is beyond their mindset.

  53. Up The Workers!

    “Finking”!

    It’s all Greek to a Labor(sic) Party “Treasurer” who, like Wayne Swan, needs to remove his shoes, socks and jocks to count up as far as 21.

    Whatever Snowtown bank vault barrel he was fished out of, he should be put back into, as he still has a bit of ‘maturing’ to do.

  54. BM

    We can no longer be at the mercy of the government because the government serves its own interests not ours.

  55. Stan

    Just more evidence that the country’s fucked.

  56. Paul

    It’s no wonder that so many useful idiots keep telling us that capitalism has failed. They appear to believe that government controlled, regulated and manipulated industries are truly capitalistic when it is far from the truth, ideological madness.
    An electricity market? Surely Treasurer Tom means it’s only between the regulator -the government who set the exorbitant high prices, and the resellers, who mark up 40% so you can get your 30% discount, nothing to do with consumers. Maybe that’s why the ACCC is so useless.

  57. Neil

    I think in NSW electricity prices have gone up because of govt intervention. The solar rebate scheme to encourage people to convert to solar is very expensive and the costs are passed on to all electricity users

  58. Perfidious Albino

    Or, they could just negotiate a long-term supply agreement with the currently under-utilised Pelican Point gas power station…

  59. L.B.Loveday

    Turbo Tom used to cheat in his maths tests at school, and is so dumb that SHY has a challenger for the dumbest SA MP.

  60. GregJ

    On the 5pm news this afternoon they were rabbitting on about Malcontent “intervening” in the SA decision to “go it alone” and develop some sort of government controlled gas fired power generator.

    For the life of me I cannot understand why Lord Waffles would want to have anything to do with this, let alone ‘intervene’ in it. Why doesn’t he just let them do what they want?

    Let them do it and see how it works out in the long run. Of course, when it fails in 5-10 years and the residents of South OZ are heading to the borders of WA and Victoria, the rest of us should of course close the borders and not let them in because they have brought it entirely upon themselves.

  61. Gerard O

    ROFL nobody really believes in “free markets”.

  62. Tator

    Koutsantonis is just another one of the plethora of SDA hacks haunting Parliament, a union with a mere 23000 members runs the state through the corrupt practices of the ALP. Being a former taxi driver and take away shop operator, Turbo Tom as he is known because when he was appointed Minister for Road Safety, his driving record of over 58 infringement notices was leaked to the media. The peanut cannot even communicate with the public in a manner that is anywhere near competent, let alone devise policy so in real terms, is just a muppet parroting the faceless men’s policies.
    This government is so screwed up in that it doesn’t know who it’s constituents are anymore as they have attacked the worker via their draconian Return To Work Act which will cost around 2500 people their jobs and their incomes as after 2 years, businesses can just dump injured workers on the scrapheap.
    They also have screwed up business conditions with the implementation of the highest taxing state government with the poorest service record along with highest utility prices in the mainland Australia. The ongoing employment of SJW’s in areas like child protection where it is nearly a core belief that illicit drug use is a life style choice and drug user parents rights to use drugs generally paid for via Centrelink benefits outweigh the child’s right to a safe home life. Some priorities are so screwed up as Social justice is mainstream in the criminal courts where the offenders rights outweigh the victims and any pathetic excuse of hardship no matter how self inflicted, outweighs the lifetime suffering that victims may be subjected to.

  63. Kneel

    “FMD, did he really say that? So now what,…”

    Now what? The honourable member (I’m not convinced he is honourable, but member is singularly appropriate!) has already stood on it’s hind legs and declared that the answer is to throw more cash about by – get this – subsidising fossil fuel plants! Reduce existing subsidies that caused the problem in the first place? Don’t be silly!
    Bah – kill the interconnect and let ’em work it out themselves, I say.

  64. Rasputin

    I think it’s just as well that we have plenty of water again because if we had to rely on the white elephant de-sal plant there would not be enough power to run the bloody thing. I think it should be privatised by selling it to the shoppies Union super fund!

  65. duncanm

    In all the kerfuffle over SA – did anyone notice that Dan the man is lining up his CFMEU mates for a bit of the same Lithium-powered Wonthaggi – redux in Vic?

    http://www.premier.vic.gov.au/australias-largest-battery-to-be-built-in-victoria/

  66. Andrew

    Or, they could just negotiate a long-term supply agreement with the currently under-utilised Pelican Point gas power station…

    Quite so. These pelicans actually have an UNUSED gas fired plant 20km from Adelgrad.

  67. hzhousewife

    God help us. And there is no way to kick the ALP out in SA given the very effective gerrymandering they have going on there where the party that consistently loses the popular vote almost always wins the election.

    Why do South Australians stand for this year after year?

  68. Yohan

    Just saw Waleed Ali interviewing Pine, and he was insistent that soaring power prices were due to deregulation and privatization, and NOTHING to do with renewables. This is the new meme they are pushing, its all the national electricity markets fault.

    They used the example of QLD having rising power prices and low renewables as their evidence. But the hidden costs of promoting wind and attacking coal means no investment has occurred in fossil fuel based power for the last 10 years. So fossil fuel infrastructure gets hurt even before the move to renewables occur. But understanding this requires logical reasoning a few steps removed from immediate observation, something leftist are unable to do.

Comments are closed.