The Forum > Article Comments > Regulatory attacks bringing a sad demise of the Australian economy > Comments
Regulatory attacks bringing a sad demise of the Australian economy : Comments
By Alan Moran, published 6/9/2019The Australian economy has been flagging for many years now. Over the past year we actually saw a decline in GDP per capita and per hour worked.
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Chanting as they do so, the government has no business in business. And just wrong.
They critique socialism and communism but have their hands out for financial and defence assistance from, vastly better managed, tiny resource-poor, socialist Singapore. Are like chooks running around with their heads lopped off trying to conjure up trade deals with communist, human rights-abusing, totalitarian China.
I am old enough to remember when one wage was enough to buy a home, support a family of four or more, pay for a serviceable motor vehicle and feed clothe and educate the kids. Plus pay for an annual holiday. At a time when we were the third wealthiest nation on the globe, a creditor one at that!
We've come a long way since then and solely as a direct consequence of government intervention, rules/regulations!
The first being the gradual, progressive erosion of personal freedoms the second being a huge cohort of homeless folk/unaffordable housing.
A nation now 66th in the world? Hopelessly mired in debt, with most of our co-ops dismantled as a consequence of government actions, intervention/evocation.
We've certainly come a long way! Most of it for most folk, being all downhill, their centuries-long, enterprise/endeavour squandered by fiscal illiterates, to shore up political outcomes/personal power!
Our personal wealth is illusionary, the product of quite massive debt! Mining booms, both squandered for base political reasons/objectives!
Co-ops stood almost alone as the only free market, private enterprise, business model, to survive the great depression largely intact! Progressively dismantled at the altar of idiotic, ideological imperative!
We need to reembrace cooperative capitalism as new government-funded/facilitated co-ops. Some could be power providers other water reticulators, using deionisation dialysis desalination to provide ost effective, potable water on demand.
Other could be credit unions/housing co-ops. Time to put this nation back on a forward foot! Just get on with what every boy and his dog knows needs to happen!
Alan B.