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Australian wisdom? : Comments
By Chris Lewis, published 12/11/2008We must never rely on the opinion of any one individual, organisation, think-tank, or political party in developing policy.
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“While some will point to Australians living beyond their means, the gap between higher and lower income earners will widen as the latter is less able to purchase our modern era’s abundance of goods”
What is that supposed to mean? Australians ARE living beyond their means: mainly those lower income earners who are ‘widening the gap’ (tiresome cliché) for themselves because they are spending – or rather borrowing or buying on credit – when they don’t have a chance of paying the money back. That’s where the trouble started in the U.S: lenders handing out money to people who had no hope of paying it back – ever!
Our “… modern era’s abundance of goods” consists of non-essential products, and there is no excuse for low income earners trying to emulate wealthier people by buying them on the never- never.
The author refers to Alan Griffin’s warning regarding high credit card interest rates and consequences for consumers, and then says: “…political leaders have done little since.” He doesn’t say just what it is they should or can do. But then, people who refer to politicians as ‘leaders’ give these elected should-be servants of the people a mystique they do not deserve.
People have to learn to look after themselves. They are not going to be coaxed or led out of their foolish ways like tiny tots; certainly not by politicians who, in most cases, are no better at managing money than the drones; and certainly not by a Labor PM.
But, as for Rudd himself and the chest beating attributed to him by the author, I think we can assume that the PM is fully aware of the advantages of trade with China, which the author condescendingly explains to us.
This far too long essay seems to be exhorting us to be careful who we listen to. Start with this author!