I think Labor and can revive and Australia can reverse its situation under either major party.

While data says Aust is going well, it is not hard to find much evidence of some decline, whether it be greater home unafforability, the decline of many industries, and too much reliance upon consumption rather than production.

We just need to get more capable leaders.

Chris,

But the name of the game "is" consumption.

The whole edifice is designed around it.

Whichever way the pin drops politically, the whole show is unsustainable.

Remember this from the guy who actually predicted the GFC?

http://www.ibtimes.com/nouriel-dr-doom-roubini-karl-marx-was-right-841825#

And now we're all going round the floor for one more dance - executing exactly the same steps.

Here's another lengthy article which may interest you.

http://newleftreview.org/II/71/wolfgang-streeck-the-crises-of-democratic-capitalism

(Don't be put off by references to Marx or the New Left....they are interesting, especially Streeck's:)

Hi there LEXI...

Many thanks for providing me with an explanation of the apparent wrong doing of Mr Anthony Abbott. Well, I suppose one more or one less distraction won't make any real difference to the way this country is run ? People say to me don't let things get you down, when all around us this country is slowly imploding. What a mess. Again, thank you so much LEXI for taking the time to point out, that which has totally escaped my notice.

This coming Monday, I have an appointment at the Neuropsychological Department, at the Repatriation Hospital, for the purpose of establishing if I'm suffering from any number of the various Dementias, including age related, Alzheimer's and a couple others they've previously mentioned, which I've forgotten ?

Previously, I harboured a great fear of any forms of Dementia. Now, with the way this country is going, in some ways it may be a blessing in disguise ? They'll not be able to convey the results, of next Monday's testing, for at least a couple of weeks. So I'll be on 'tenterhooks' until then.

LEXI, thank you once more for appraising me of this court matter Mr Abbott has 'hovering' about him - another absurd distraction for the Coalition to confront, I suppose ?

Lexi,
'Living within ones means' is to not spend more than you earn. That prevents one from going broke. This present government has been spending far more than its income, This year $20 billion more than it earned and will have a total of about $300 billion debt by the election. Now debts have to be repaid along with the interest.

To give you some idea of a billion. One billion seconds ago it was 1959, how about that! In actual fact it is one thousand million (1000,000,000) Now our government has borrowed 300 times that.

Now the last time Labor lost government they left a $90 billion debt and it took the Libs 10 years to pay that off and create a bank account of an extra $20 billion, after running the country.

How long do you think it will take to repay $300 billion and interest?

It is no different to running a business or house, you just need to add a lot more zeros.

I just cannot believe Gillard advising citizen John to borrow money to keep up his lifestyle after his boss had stopped his bonus. The proper thing for John to do is to curb his spending. No wonder people have trouble with credit cards!

Hay o sung, I've got this theory about Dementia.

I reckon the best thing to do, if you've got it, is just forget it.

Now what was our topic?

Let me be frank, as I think my post history shows me to be.
I WILL never except the junk that this country is broke.
The all governments from 1983 have given us assurance we are not broke.
Now be careful! no one knew about the GFC on Rudd,s election.
And remember even your/our own words on the fragile state of the financial world.
At the blink of an eye, Abbott could confront a close down of the China trade, then?
I see hope, not the death of Labor, Labor has to confront the changes it has refused to contemplate, even Withlam wanted far more than he got, and few know he had to go hat in hand, to a union head, a powerful beyond any living today union head,Charlie Oliver, just to be given the leadership.
So change must, and will come , built after the bones of this divided ALP are sorted out.
But we face a mandate being given, have no doubt, to the coalition.
And they face and will pursue their wants not center or left .
I see a true chance we are about, briefly,to go the opposite way than the rest of the western world.
American right is facing change or near death,are going a little more right.
IF LABOR em brasses true reform ? re birth will be quick and less painful if not?
Fractured factions of my great party will be all that is left.
A warning! while some posters will hate me for it, IF Turnbull leads the Liberals, then a truly Liberal government may take decades to remove.