Nationalising the means of production

Australia.  Bringing you socialism with a smile ….

How do you nationalise the means of production without it looking like nationisation?

Consider this as reported in the AFR today:

The Australian Securities and Investments Commission warned directors at the same event that it plans to target CEOs and executives who sugar coat bad news to their board, as ASIC prepares to launch a wave of legal actions.

and

Mr Price told the event they had embedded agents in the banks and they were turning their attention to information executives were providing to their boards.

Nice euphemism … embedded agents.  Would they be like political officers or more like KGB representatives?

But the agents of the state wish to get between the managers and directors of private companies.  Yeah.  Positive regulatory innovation.

What has this nation come to?

This entry was posted in Uncategorized. Bookmark the permalink.

20 Responses to Nationalising the means of production

  1. Pyrmonter

    But is this new? Shann and Hancock condemned it 80 years ago. We’ve seen consistent ‘anti socialist’ agitation subsequently and a few notable victories (Menzies fending off Chifley’s attempt to nationalise the banks foremost), but rarely any consistent and persistent success. Meanwhile, across the spectrum (though especially on the further reaches of the Right and Left – Christensen and McGrath are in this area the kin of Sea-Patrol and Adam Bandt), our parliamentary representatives near universally answer the description of those to whom Hayek dedicated the Road to Serfdom, ‘the socialists of all parties’.

  2. Commissar’s is the term I believe.

  3. Rob MW

    Mr Price told the event they had embedded agents in the banks and they were turning their attention to information executives were providing to their boards.

    “As of this meeting and to the best of my knowledge……………………..”

    There fixed. Now get the fuck out !!

  4. Jock

    Didnt Mussolini that famous socialist in a national way say:All within the State, Nothing outside the state, nothing against the State. ASIC is evidently following this trope.

  5. Ian MacCulloch

    No different to certain jurisdictions to the north of Oz. Where are you George O?

  6. stackja

    ASIC didn’t do much before the RC.
    Now pretending?

  7. struth

    It’s not OWNING the means of production that represents socialism.
    It’s CONTROLLING the means of production that is a socialist concept and practice.
    Hence, we look at everything from the entire blue collar workforce wearing the same shirts, up to government control of the banks and top end of town.
    Hitler would be proud.

  8. Bruce of Newcastle

    How do you nationalise the means of production without it looking like nationalisation?

    Maybe ask the Germans in the 1930’s.
    ASIC operatives should have a uniform.
    Featuring lots of black and silver.

  9. Dr Fred Lenin

    Forward into the 1900s with the comrade Shorten Soviet ,free energy from the wind and sun .
    The first five year plan will be .
    105 per cent renewable energy ,and removal of all dams ,set our rivers free .
    All electric vehicles and a very fast windpowered train from Cairns to Port Hedland .non stop.
    Soviet control of means of production .and creating a clever economy .
    Soviet control of all financial services with no compensation .
    Abolishing the cash economy totaly and confiscation of all savings and super ,government will look after you when you are stuffed .
    Treaties of fratenal love with NKorea ,Venezuela ,Cuba and other progressive countries .
    Borrowing lots more to money keep Soviets in total power .interest will only be 85 per cent of budget
    Australia your future is in safe hands with alp peoples decromatic .u.n. Party.

  10. Tel

    It’s not OWNING the means of production that represents socialism.
    It’s CONTROLLING the means of production that is a socialist concept and practice.

    It’s power at all costs … which might come from either ownership, or control, or anything else that gives the central planning committee the power to order other people around.

  11. RobK

    Compliance has direct and indirect costs. These cost increase exponentially as regulatory impost increases. There are unintended consequences such as ring fencing competition, deflecting focus from the customer to the regulator, dampening creative/innovative zeal and locking in stale methods and procedures to name but a few that come to mind.

  12. Rob MW

    The production of too many useful things results in too many useless people.

    – Karl Marx

    FMD….from the mouth’s of babes – Looking at you Mr Price.

    I think that the production of, and nationalising of useless people has been pretty much accomplished.

  13. Habib

    The Frogs have a similar setup under the Napoleonic Code, but at least they’ve got the decency to uniform the bastards. The DGA ponce around in kepis, and can be easily avoided. These pricks seem to have taken lessons from Beria, we have our very own NKVD, the No Knowledge Visually Disguised. It’d be difficult even to pick them based on APS characteristics, as many major companies now also follow a recruiting procedure concentrating on the incompetent, idle, obnoxious, developmentally-challenged and chromosomally indeterminate.

  14. Percy Popinjay

    What has this nation come to?

    Mass idiocy, degeneracy and unrelenting mediocrity.

  15. Rusty of Qld

    The long march continues at a rapid pace.

  16. Roger

    What has this nation come to?

    Fascism.

  17. Gbees

    embedded agents” – just who are these people and what are their qualifications? Have they ever run a business, been on a board, do they understand financial reports, and are they capable of absorbing complex information and making correct decisions? If they are appointed by bureaucrats or are bureaucrats themselves then I think I know the answers to my questions.

  18. Hawkeye P.

    “What has this nation come to?”

    Strictly speaking? It’s ’30s era Italian Fascism. Quite literally.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.