Prof.Steve Keen writes & talks:
At a talk entitled “The Age of Entitlement is Over?” at the [Sydney] Northside Forum, after recommending George Monbiot’s excellent article on grouse I used the Open Source program Minsky to model what can happen when a government runs a permanent surplus. The result is not what advocates of government surpluses expect. (you can download the model Prof.Keen used in Minsky).
In a nutshell, country economics don’t work on exactly the same basis as companies or households. Pretending that they are all the same is a really bad idea.
Stupid patent (pending) example:
“iCamPRO has 8 built-in IR LEDs with a light sensor to trigger them on/off. Our patent-pending technology allows you to turn the IR LED lights ON or OFF from app.”
Nothing innovative. Not “non-obvious to an expert in the field” (European patent test). This is from an Amsterdam, The Netherlands based company. Speaking as a fellow Dutchie: embarrassing.
I hope and expect that the European patent office won’t grant that patent, as it just doesn’t pass even their basic tests. But think of why it was filed in the first place… what kind of stuffed business logic and waste of resources lies at the basis of that. Sigh.
Business and companies in Australia make assumptions about contracting, and many are wrong. This can cost you.
In this talk at the OSDC 2014 conference I outline key aspects that the ATO looks at when determining whether a person is a contractor or an employee, and questions from the audience are addressed. Relevant resources are also noted.