IMF Report on Ireland

[sarahj]

They're the rules of the game. Would you prefer that they never came in the first place ?

Dell didn't stop Ireland from coming up with its own ultra-successful companies.

And we're allowed to change them. We do have control over our own country you know, apparently.

Listening to ye, you'd think there's nothing we could do except for make the lower classes suffer.

[bob3344]

Those same economies of scale can exist within a nationalised industry or a syndicalised coop.

In a country the size of Ireland ? Unmitigated Bo11ox.

Didn't even work for the soviet union.

Personal attacks again eh bob?? No need for that - just nullifies any point you may have made. Pathetic.

Nothing personal at all. Most lefties are students talking walter mitty sh1te.

[sarahj]

How much does it cost to explore, drill, store, distribute and sell this (if this is there).
Now are you willing to make that investment before you know what is there?

I really don't have to comment on this - but do you believe this €100bn will be realised over 5 years???
Is €100bn the worth of what the oil is over the lifetime or over 5 years?

Now is it not easier to tax the oil companies on the profits they make at a 25-40% rate as announced by Ryan 2 years ago.
They take all the risk- we take a chunk of the profits- 40% if it is a success with no billions of expenditure wasted upfront in some something we have no expertise in.

It may be easier, but not necessarily a good idea. We will then have no control over when and where the resources are taken from, who takes them, where they are sold to and at what price.

We already know that there is gas. That's pretty much a fact.

[DCon]

I was making the point based on the operations that are based here.

All the economies of scale that their operations based here have are derived from being part of a MNC.

If you magically reopen Dell (or Wang, Atari, etc etc) when the company leaves Ireland you do not magically keep the same Terms & Conditions that they had with their suppliers.

[sarahj]

In a country the size of Ireland ? Unmitigated Bo11ox.

Didn't even work for the soviet union.

Nothing personal at all. Most lefties are students talking walter mitty sh1te.

Economies of scale can exist at any level of production and in any arena. That's their nature - any product, once you make more of it, costs less in terms of other resources. That's the principle Bob.

Yeah I'm a student who has studied finance, economics and am not in health. Left Sceptical is an accountant not a student. All of which is completely irrelevant and your argument is both a red herring AND an ad hominem.

Two logical fallacies in one post - well done bob, nevermind your misunderstanding of the concept of economies of scale.

Economies of scope could also occur in a nationalised or worker run industry.

[toughbutfair]

Sarah

How about the fact the workers do NOT own the intellectual property/patents. Irish law cannot change this unless we leave the various world economic groups which I doubt anybody recommends.

[sarahj]

Sarah

How about the fact the workers do NOT own the intellectual property/patents. Irish law cannot change this unless we leave the various world economic groups which I doubt anybody recommends.

I do. The world economic groups work in the interest of those with property, not those in need. They are opportunistic institutions which will open any market and privatise any resource if it will gain for those with power.

Patent laws are inherently inefficient and silly - I can't see them lasting forever or we will have a complete halt to all innovation as nobody will be allowed to build on someone elses idea without paying for it. Completely inefficient.

[bob3344]

Economies of scale can exist at any level of production and in any arena. That's their nature - any product, once you make more of it, costs less in terms of other resources. That's the principle Bob.

Yeah, I Know what the principle means.

How can a company operating in Ireland operate the same economies of scale as a multinational with subsidiaries in different continents, and thus compete with the multinational in that place called reality ?

Thats the question, sarah.

Yeah I'm a student who has studied finance, economics and am not in health. Left Sceptical is an accountant not a student. All of which is completely irrelevant and your argument is both a red herring AND an ad hominem.

Honestly, I could give a sh1t.

[sarahj]

Honestly, I could give a sh1t.

Why're you bringing it up so?!?! Eh?! Don't make a statement about me and then when I refute it pretend not to care. You just make yourself look more and more ignorant as time goes by bob.

[bob3344]

Patent laws are inherently inefficient and silly - I can't see them lasting forever or we will have a complete halt to all innovation as nobody will be allowed to build on someone elses idea without paying for it. Completely inefficient.

Presumably companies will continuing spending a fortune on R&D even if their work cannot be protected.