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The world's best economies, past, present and future : Comments
By Alan Austin, published 26/3/2014The new formula will also be directly applicable in the future: how will Australia rank after a full year of Coalition government? After three years? Beyond?
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http://en.wiktionary.org/wiki/verballing
>>It is just the most amazing and terrible basic premise that you have – that the demand side of the equation is untouchable! No matter how out of whack with the supply side it is or how much of a struggle we might be having in getting supply to meet demand, or how ominous it might look that supply won’t be able to meet the needs of the current demand let alone one that is rapidly increasing, it is entirely a matter of improving supply. Leave the demand alone! Your whole argument is fundamentally based on this incredibly FLAWED notion.<<
Once again - for the umpteenth time, it would seem - I am not in favour of i) unending growth, which is mathematically unfeasible, ii) unfettered growth, which is politically unacceptable, or even iii) "rapid growth", a concept you snuck in during a previous post.
What I do understand is that this country has nowhere near reached its optimum level of population, or economic well-being. Until such time as it actually starts showing the strain that your imagination has created within your fortress-Australia mindset, I remain a supporter of the sensible level of growth, and concomitant population increase, that is our present policy.
After all, it has done no damage at all to our per capita GDP, has it.
(Cue furious attack on GDP; which, unfortunately, from a previous exchange of views, it is crystal clear that you do not comprehend.)
I'm also a great fan of city living, as are a few million of my neighbours down here.
(Cue furious attack on city living, which you are entitled to dislike for personal reasons, but not entitled to assume that everyone shares your phobias. For one, I wouldn't live in your neck of the woods to save my life)