Relational capitalism

Michael Schulter has some interesting ideas on improving the relationships within and without the company here.

Political Economics and the budget surplus.

Ross Gittins makes some interesting points here about the current level of economic literacy in the electorate. He criticises the leaders of the political party representing the economic elite in Australia. The business economists are lambasted for hypocrisy and cowardice. And he also has a shot at rival newspapers. Read it for some interesting economic journalism. 

The internet and competition in markets

Ross Gittens, Sydney Morning Herald today explains why the internet is such a boost to the efficiency of production and consumption. The lower search costs offers incentives for competitors to enter markets increasing supply. With price the most important variable in purchase decisions, lower search costs lead to lower prices and more competition.
Oligopolies use marketing to differentiate and maintain margins.
Questions thus arise.
Does the technical nature of the internet make anti competitive behaviour possible?
Should attempts to control the flow of information on the internet be seen as anti-competitive?

Equity allocation in a SMSF

It is my belief keeping 25% cash is appropriate in the asset allocation of the current SMSF portfolio.