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The Forum > General Discussion > Australia a basket case on too many fronts. Matt Barry CEO Freelancer.com.

Australia a basket case on too many fronts. Matt Barry CEO Freelancer.com.

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Mr Barrie, boss (CEO) of ASX-listed freelancing marketplace Freelancer.com. says:

Provocative chief executive Matt Barrie says Australia’s education system is a “basket case” and is the main contributor to the country’s “completely cactus” economy.

“The Australian economy is completely cactus,” Mr Barrie told news.com.au.
“We’ve let manufacturing completely fall apart and we’re just deluding ourselves thinking we’re a wealthy country just because we’ve got inflated house prices and because we’ve got an immigration program to prop up tax receipts and prop up the housing market.
“It’s going to end in tears — households are already at capacity in terms of their ability to pay rent and buy houses.
Posted by diver dan, Friday, 11 October 2019 9:54:44 PM
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He is right about the basket case state of Australian education - number 43 on a list of civilised, and some not so civilised, countries. State schools are run by extreme Left unions, and universities are merely factories reliant on Chinese students.

No job training for Australians: so much easier to import people who can't speak English properly.

Australians are certainly deluding themselves about the state of the economy: a dollar getting more like the peso daily, and a stupid RBA and its stupidly low interest rate trying to encourage people who were hopeless with money in the first place to waste even more of it in an attempt to hide the fact that we have exported our industries and imported too many people.

Then there's high house prices, lack of public housing for people on stagnant wages who can't afford to buy a house, and a growing completely homeless cohort to challenge Third World countries.

No mention of our you-beaut NBN per courtesy of Rudd, then Turnbull, which has put us 62nd in the world for internet speed.

Australia is rooted.
Posted by ttbn, Saturday, 12 October 2019 10:30:52 AM
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This comment from the article cited by Dan sums up the Australian job situation:

' "That’s why there’s no productivity because we’re producing people to serve cups of coffee and serve avocado on toast to each other,” Mr Barrie said.'

Every second man/woman and his/her dog becomes a barrista on completion of one of the growing list of laughably useless 'degrees' handed out to keep universities in business.
Posted by ttbn, Saturday, 12 October 2019 10:48:49 AM
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Diver Dan he may well be right, we will, within about a decade, see housing crisis as people can not pay for the one they are buying
Renters in increased numbers leaving the city's to find homes
Capitalism [the only thing we have found works] needs a remake, and it may get it after a coming GFC
Posted by Belly, Saturday, 12 October 2019 12:09:08 PM
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Here's something to think about in regard to university students out protesting:

Updated Higher Education Loan Program (HELP) debt statistics

http://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/FlagPost/2018/May/HELP-debt-statistics

"This release updates the total amount of outstanding HELP debt to $54.0 billion for the 2016–17 financial year, $9.3 billion above the estimate of$44.7 billion contained in the 2017–18 Budget"

"However, since HELP is an asset on the Government's balance sheet, the proportion of outstanding debt not expected to be repaid (DNER) is arguably more important than the overall size of the loan portfolio. The latest DNER estimate from the Australian Government Actuary is 25 per cent, or 18 per cent if vocational loans are not included (according to the Department of Education and Training Annual Report 2016–17"

"The number of debts above $50,000 also continued to grow in 2016–17, reaching 159,475, up from 125,650 in 2015–16. Among people with debts above $50,000, 14,046 have debts above $100,001, up from 10,996 in 2015–16."

So we had a 10 billion dollar blow-out in a single year to serve the interests of the little assholes out protesting trying to shut our power plants down.

Can anyone tell me this:
Is it Cloward and Piven, or total incompetence?
It's got to be either one or the other.

I'm saying Cloward and Piven, run into the ground on purpose by left leaning idiots that can't figure out how to best develop a policy, or else their brains or so poorly wired that totsl bs is the only output.
Posted by Armchair Critic, Saturday, 12 October 2019 2:01:40 PM
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You wanna know why you can't eat steak Belly, there it is.
Posted by Armchair Critic, Saturday, 12 October 2019 2:02:58 PM
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