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The Forum > General Discussion > The Failing Australian Economy

The Failing Australian Economy

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Today Australia is suffering from the worst annual growth rate since March 1992,
Paul1405,
Well, looks like we're gradually heading towards ending that insidious "growth" mentality !
All we need now is less greed & things will fall into place !
Posted by individual, Friday, 22 November 2019 8:05:17 AM
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The Whitlam/Keating policies are finally starting to impact !
Posted by individual, Friday, 22 November 2019 8:07:04 AM
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Decades apart the whitlam/Keating reigns but both, even within the coalition, are known for change that made our country greater
Nice however to see such wrong things said it underpins my view some of our opponents know very little
Posted by Belly, Friday, 22 November 2019 10:30:57 AM
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Investment is needed to drive growth, but investment as a percentage of GDP has plummeted from 18% in 2012, to 11% in 2019: around the same as it was around 1975 before the Keating recession. Private investment is $40 billion below what it was in 2012-2014. A quarter of the Murray Basin water used for agricultural production has been handed over, by federal politicians unconstitutionally sticking their noses in, to so-called environmentalists and foreign investors in water. Subsidies for unreliable, expensive wind and solar energy have stopped investment in energy-intensive products.

Australian politicians, irrespective of party or dogma, continue to be our greatest enemies.
Posted by ttbn, Friday, 22 November 2019 12:46:33 PM
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Why the hell would anyone invest in Oz, when it takes 10 expensive years to get past greenie/Labor obstructionism?

The first thing we should do is shut half the universities, & close the arts department in the rest.

Second we should sack 60% of all public servants, at all levels of government, then start getting rid of what would still be excessive bureaucrats.
Posted by Hasbeen, Friday, 22 November 2019 3:28:35 PM
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Belly,
It takes decades for Govt policies to reach the real impact level, as we can see now ! Labor wrecked this Nation & you're standing up for them. Doesn't say much about your degree of integrity !
ps. don't bother coming back with some silly reply.
Posted by individual, Friday, 22 November 2019 4:05:29 PM
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