The Forum > Article Comments > Australia's growth imperative: will we walk the talk? > Comments
Australia's growth imperative: will we walk the talk? : Comments
By Geoff Carmody, published 12/3/2014Allowing for declining terms of trade, net income from overseas, etc, trend real per capita net national disposable income has fallen for over two years.
- Pages:
-
- 1
- 2
- 3
- ...
- 8
- 9
- 10
- Page 11
- 12
-
- All
Since Gork's Neanderthal family clan found themselves with more mammoth meat than they could eat and were able to trade some for cave bear (Ursus spelaeus) furs to better survive the increasingly bitter winters, which those funny looking Homo sapiens in the next valley over said was evidence of climate change and an impending ice age… though Gork denied this because last summer was hotter than any he could remember.
Put simply, you require a surplus. This can be combinations of lots things; food, land, energy, money, slaves, productivity, technology, knowledge, goodwill, et cetera. Even time.
Unfortunately, for continued improvement in a society's 'quality of life' an increase in the surpluses is required… or a redefinition of 'quality'. A bit like North Koreans being told they have never had it so good.
Historically there have been exceptions to this basic rule – a surplus of plague being one example.
[Roman Emperor Marcus Aurelius, who famously said "Our life is what our thoughts make it" got to name his plague… posthumously]