Hi Joe

Nice to hear from you.

I agree with your analysis of the BRICS so far as it for the present.
For my money, I’d still wager that economically speaking, the world in the long run belongs to the BRICS.

Certainly not to the Anglosphere.

Your point on us lapping up the cream of the good life for so long and not preparing ourselves for a post resource boom era is spot on. The trouble now is that we cannot even reform minimally to get any economic traction. Witness the opposition to the Productivity Commission’s interim view on eradicating penalty payments. So many uninformed would rather a country where less Australians find well paid work rather than more Australians find not-so-well paid work.

And you are right in your prediction as to where the nation is heading if we continue to frolic in the sun like there is no manyana.

Oh Gawd. Another Greek blaming the stupidity of his own people on everybody else.

Memo to Greece. You can not spend more than you earn. If you borrow money, make sure it is for productive reasons and that you can pay it back. Don't elect socialist governments who will borrow billions to pay your generous pensions. Don't retire on borrowed full pay at 50 years of age. Pay your taxes. Grow a brain. Don't immigrate to Australia or Germany if you are so stupid that you can't figure out that nobody owes you a living.

Johno: If Sunday penalty rates are to go they should go for everyone not the lowest paid battlers in the country!
Rhrosty.

Hi Rhosty,

Yes, a downward adjustment of everybody's wage and salary, to match a compensatory rise in the wages of the lowest paid who may be currently subject, more than the average Goat Cheese Circle bureaucrat, to have to work on penalty rates.

I apologise for the term 'average Goat Cheese Circle bureaucrat' since they are all, in their own minds at least, well above average, certainly above the herd.

Joe

Greece is living in a fantasy land as part of the euro. It needs to issue its own currency, suffer the one off devaluation, and become economically viable. And default to teach the EU banks a lesson.

Hi Outrider,

And trade their what with whom ?

Joe