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Population growth: context in a few critical graphs : Comments
By Ross Elliott, published 9/8/2023The percentage increases predicted for Australian cities are several times that of these advanced western cities.
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A very basic analysis of capitalism is that it can only work effectively if there is inflation.
Buy/invest in an appreciating asset and pay it back later with cheaper money.
Of course the more you have to start with the better it is.
For some reason most economists suggest that 3% inflation is just about right.
This can be achieved either through degrading the currency or population increase.
In Australia the major political parties use the populate or perish method.
Australians are prepared to vote against their best interests on many issues including increased royalties from mining.
We could have a sovereign wealth fund similar to Norway but we opted out because vested interests told us that was socialism - socialism bad.