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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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>>Could you please clarify your position re: addressing supply but not addressing demand, even when demand is rapidly increasing and seriously stressing the supply capability of one or more basic resources, services or basic forms of infrastructure. Thanks.<<
You are using the "when did you stop beating your wife" technique here, I notice. So my answer is to reframe you question.
a) demand is not "rapidly increasing". It is slow, steady, and entirely manageable. And predictable, of course, which provides a solid base from which to plan future supply.
b) demand is not "seriously stressing the supply capability". Supply is keeping pace with the gently increasing demand. Indeed, in the case of water supply - which you led with earlier, if you recall, as an example of impending doom - sensible planning will prevent the issue from getting out of hand.
Hope this helps.
Now, in return, could you explain how you would set about "managing demand"? If indeed that is what you have in mind - your protestation that I had verballed you on the subject is confusing.
And on the same lines, could you suggest how maintaining a static population level - which I seem to recall is one of your mantra - will increase our economic wellbeing.
Thirdly, could you suggest a more useful measure than GDP per head, since the concept seems to give you such a headache?