SA Economy

[Waewick]

This is about the South Australian economy, and innovation, investment, new high tech industries and manufacturing, and jobs.

Then why did you post a link to a japanese made car?

[rubberman]

curious article about EVs in China

https://www.news.com.au/technology/moto ... 29e327d6cf

Doesn't really give any hard numbers.

If it's thousands of businesses in most provinces, then it's concerning.

If it's five businesses out of millions in a population of 1,420,000,000, it's a nothingburger.

Asked myself: 'Which is it?'

So, I googled it, and there were several articles all quoting the same small number of sources...including one on X. A nation of 1.42bn people, you'd think there'd be more sources, wouldn't you? Basically it was one or two people originally reporting, and then being picked up by some western media. So, Chinese whispers.

I'm happy to wait for independent confirmation and hard numbers.

[SRW]

On the face of it, best run of growth for SA in decades, but due less to fundamentals and more to post-pandemic snapback.

Our growth was largely overseas migration, so if this is cut hard I wonder whether SA will still hit 2 million by 2030 as targetted.

On top of that, now that SA's relative affordability has evaporated our recent recovery in interstate migration may also reverse.

Not that population matters in and of itself, but our slice of the national pie will get smaller and smaller as others grow ahead. Fewer seats in parliament, reduced political power, less funding priority.

The government (both state and federal) needs to go all-in on building homes. The market has failed, we need supply, supply, supply.

[rev]

This is about the South Australian economy, and innovation, investment, new high tech industries and manufacturing, and jobs.

Then why did you post a link to a japanese made car?

Against my better judgement i'll respond directly to you.

I posted it in response to your comment.

Hydrogen cars aren't close to being a reality and more than likely won't be.

Let me spare you any further childish "but why, but why" questions, The discussion you jumped in on to troll, was about innovation and advances in solar & home battery technology locally, which could have economic benefits.
As a means to help bring down the cost of living by government subsidising more heavily the installation of this existing technology in peoples homes, with a suggestion perhaps higher subsidies could be given for locally produced options, which might spur on investment and innovation locally. Norman said China has the current tech pretty much locked down. I used Toyota as an example of innovation, as the majority of major auto manufacturers are focusing solely on hybrid EV/EV's, Toyota, the worlds biggest auto maker has gone and developed hydrogen fuel cell powered cars, as in we might not be able to compete against China on the current technology in use, but what about pioneering something different. Will hydrogen cars take off? I don't know, and I don't care, because that's not what the discussion was about nor is it relevant to this thread. It was merely an example of innovation and technological advancement.

[rev]

On the face of it, best run of growth for SA in decades, but due less to fundamentals and more to post-pandemic snapback.

Our growth was largely overseas migration, so if this is cut hard I wonder whether SA will still hit 2 million by 2030 as targetted.

On top of that, now that SA's relative affordability has evaporated our recent recovery in interstate migration may also reverse.

Not that population matters in and of itself, but our slice of the national pie will get smaller and smaller as others grow ahead. Fewer seats in parliament, reduced political power, less funding priority.

The government (both state and federal) needs to go all-in on building homes. The market has failed, we need supply, supply, supply.

We'll probably hit the 2 million mark sooner then expected, as federally Labor wont really cut back their mass migration program, and I haven't heard anything serious from the Coalition that they'll curb those numbers.
It's just an easy option for governments, because what they've placed in the too hard basket is addressing why Australian's aren't having more kids, what's the cause and what can be done to change that.
The economic impact though will be on government spending. Resources are stretched already. There will be higher government debt to build more infrastructure for tens of thousands more people.
Higher debt has higher repayments by government, higher interest payments to service that debt.
Higher taxes and fees etc usually come as a result.

[abc]

regional SA is still declining in population so this offsets the overall state growth

[rev]

And the list grows, Beston Global has gone into administration, among the reasons, high power prices.

[rubberman]

Some good news.

https://glamadelaide.com.au/sa-port-tur ... nvestment/

[HiTouch]

Some good news.

https://glamadelaide.com.au/sa-port-tur ... nvestment/

Genuine question, why electrify when electricity is so expensive and businesses are folding because of it? What's the incentive?

[rubberman]

Some good news.

https://glamadelaide.com.au/sa-port-tur ... nvestment/

Genuine question, why electrify when electricity is so expensive and businesses are folding because of it? What's the incentive?

The article explains why they did it.

Businesses are created and fold all the time in a market economy.

Businesses fold for many reasons, but you want to watch out for the unscrupulous types who cherry pick reasons to suit their own agendas.

For example, if someone has an agenda to blame the Reserve Bank of Australia, they find a bunch of businesses that have folded because of high interest rates. Then blame the RBA.

If they have an anti small business agenda, they find a few small businesses that made silly decisions and folded. They cherry pick those to prove that small business owners are dunces.

If someone has an agenda, there's almost certainly a few bankruptcies they can use to back it up.

The only time to take those seriously is when they are presented in the context of all the reasons for businesses folding: the world economy, interest rates, business costs, specific issues for the firms involved. Anything less is cherry picking.

At the moment, power prices don't help, but interest rates are crippling too, and I feel sorry for businesses...and home owners trapped there.

As for power prices, we have a private enterprise system where the generators, transmission, and retailers are all private. A bit like Coles and Woolies. The present prices are the result.

[abc]

Some good news.

https://glamadelaide.com.au/sa-port-tur ... nvestment/

Genuine question, why electrify when electricity is so expensive and businesses are folding because of it? What's the incentive?

The article explains why they did it.

Businesses are created and fold all the time in a market economy.

Businesses fold for many reasons, but you want to watch out for the unscrupulous types who cherry pick reasons to suit their own agendas.

For example, if someone has an agenda to blame the Reserve Bank of Australia, they find a bunch of businesses that have folded because of high interest rates. Then blame the RBA.

If they have an anti small business agenda, they find a few small businesses that made silly decisions and folded. They cherry pick those to prove that small business owners are dunces.

If someone has an agenda, there's almost certainly a few bankruptcies they can use to back it up.

The only time to take those seriously is when they are presented in the context of all the reasons for businesses folding: the world economy, interest rates, business costs, specific issues for the firms involved. Anything less is cherry picking.

At the moment, power prices don't help, but interest rates are crippling too, and I feel sorry for businesses...and home owners trapped there.

As for power prices, we have a private enterprise system where the generators, transmission, and retailers are all private. A bit like Coles and Woolies. The present prices are the result.

once again, no evidence to back up what you say...just word salad

[rubberman]

Genuine question, why electrify when electricity is so expensive and businesses are folding because of it? What's the incentive?

The article explains why they did it.

Businesses are created and fold all the time in a market economy.

Businesses fold for many reasons, but you want to watch out for the unscrupulous types who cherry pick reasons to suit their own agendas.

For example, if someone has an agenda to blame the Reserve Bank of Australia, they find a bunch of businesses that have folded because of high interest rates. Then blame the RBA.

If they have an anti small business agenda, they find a few small businesses that made silly decisions and folded. They cherry pick those to prove that small business owners are dunces.

If someone has an agenda, there's almost certainly a few bankruptcies they can use to back it up.

The only time to take those seriously is when they are presented in the context of all the reasons for businesses folding: the world economy, interest rates, business costs, specific issues for the firms involved. Anything less is cherry picking.

At the moment, power prices don't help, but interest rates are crippling too, and I feel sorry for businesses...and home owners trapped there.

As for power prices, we have a private enterprise system where the generators, transmission, and retailers are all private. A bit like Coles and Woolies. The present prices are the result.

once again, no evidence to back up what you say...just word salad

Lol. Interest rates haven't gone up? Businesses don't go bankrupt for all sorts of reasons? Focusing on one reason out of many isn't cherrypicking?

The world must be terribly frustrating for you.

Lolol.

[abc]

The article explains why they did it.

Businesses are created and fold all the time in a market economy.

Businesses fold for many reasons, but you want to watch out for the unscrupulous types who cherry pick reasons to suit their own agendas.

For example, if someone has an agenda to blame the Reserve Bank of Australia, they find a bunch of businesses that have folded because of high interest rates. Then blame the RBA.

If they have an anti small business agenda, they find a few small businesses that made silly decisions and folded. They cherry pick those to prove that small business owners are dunces.

If someone has an agenda, there's almost certainly a few bankruptcies they can use to back it up.

The only time to take those seriously is when they are presented in the context of all the reasons for businesses folding: the world economy, interest rates, business costs, specific issues for the firms involved. Anything less is cherry picking.

At the moment, power prices don't help, but interest rates are crippling too, and I feel sorry for businesses...and home owners trapped there.

As for power prices, we have a private enterprise system where the generators, transmission, and retailers are all private. A bit like Coles and Woolies. The present prices are the result.

once again, no evidence to back up what you say...just word salad

Lol. Interest rates haven't gone up? Businesses don't go bankrupt for all sorts of reasons? Focusing on one reason out of many isn't cherrypicking?

The world must be terribly frustrating for you.

Lolol.

Interest rates in the 1990s were in double figures

[rubberman]

once again, no evidence to back up what you say...just word salad

Lol. Interest rates haven't gone up? Businesses don't go bankrupt for all sorts of reasons? Focusing on one reason out of many isn't cherrypicking?

The world must be terribly frustrating for you.

Lolol.

Interest rates in the 1990s were in double figures

I wonder if there were bankruptcies then too?

Could they be connected?

On a per capita basis, SA is doing far better than NSW, Vic and Qld. It has a much lower bankruptcy rate than those. We have 4% of total bankruptcies but 6.7% of the population of Australia.

50% fewer bankruptcies than Australia as a whole. Just the facts.

https://asic.gov.au/about-asic/news-cen ... s-failing/

[abc]

Lol. Interest rates haven't gone up? Businesses don't go bankrupt for all sorts of reasons? Focusing on one reason out of many isn't cherrypicking?

The world must be terribly frustrating for you.

Lolol.

Interest rates in the 1990s were in double figures

I wonder if there were bankruptcies then too?

Could they be connected?

On a per capita basis, SA is doing far better than NSW, Vic and Qld. It has a much lower bankruptcy rate than those. We have 4% of total bankruptcies but 6.7% of the population of Australia.

50% fewer bankruptcies than Australia as a whole. Just the facts.

https://asic.gov.au/about-asic/news-cen ... s-failing/

Power was affordable in the 1990s. Opportunities abound. Nowadays there is no hope for small businesses thanks to spiralling property/rent and energy prices.