The Forum > Article Comments > Cost of living just the symptom > Comments
Cost of living just the symptom : Comments
By John Coulter, published 12/4/2012Living costs are rising faster than inflation because of a failure to deal with the underlying causes.
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We do not need population growth to stimulate the economy. We just need to reduce and eventually eliminate poverty in all its forms and guises to provide endlessly sustainable economic stimulus.
We need to invest in our own people and their better ideas. We need to step back from this seemingly mad rush to rip all our mineral wealth from the ground; but particularly, when we could achieve even more wealth creation and well rewarded jobs of a much more permanent nature, by recycling stuff currently poisoning groundwater/landfill.
Or flowing wastefully out to sea, damaging the marine environment, with a nutrient overload; all while our land starves and we import ever more expensive hydrocarbons to convert to nitrates etc, utilising scarce potable water supplies.
We don't have adequate infrastructure for the current population. Great for some who like Sydney property developers; see a very rosy future for themselves cramming people into smaller and smaller spaces; that simply cost more and more.
Why, when we already have the highest median house prices in the English speaking world.
We are a net exporter of energy, yet we pay well over the odds in comparison to another large country confounded by the tyranny of distance, America, which still imports around 20% of its fuel/oil requirements. We have abundant NG supplies, enough to last over 700 years if properly husbanded. Hardly a single vehicle currently plying our road or rail systems cannot be converted to run on CNG. One cubic metre of NG has the same calorific value as a litre of petrol, and can be supplied even with a fuel excise added; for around forty cents per cubic metre retail.
Finally, and this is, I believe, the true nub of the problem under discussion, we regularly elect clueless, incompetent or incredibly inept people, whose knowledge of economics and multi billion dollar budget management could be written on a postage stamp, using a crowbar for a pen. Rhrosty.