Thanks TAB,

Once understanding what you say about public assets and how wealth is produced by them over time, one can see the value of the necessity for on going investment in those assets to produce wealth today.

Some years back I read a small book on Sydney Harbour. I believe the first public system of harbour crossing was by way of row boat, payment of a shilling to the boatsman. Allowing for inflation a shilling was a lot of money, and many drowned trying to swim. Later a horse drawn punt operated, so carts could be transported across.

My 'Old Man' was in attendance on the opening day in 1932. Always a Langite he was involved in more than the one brawl with the fascist New Guard.

Pauliar,

Why are you such a lying troll? Menzies never implied that he wanted to implement fascism, and if that's what you get from his letter to his sister then you are an idiot.

Fortunately, the Australian Communist party fell apart when the horrors of communism became apparent

Got a quote yesterday for steel bar the cost of which was $22. To drill 5 holes into it & galvanise it came to $470,-
What skills are required to make this job so criminally expensive ??

thinkabit,

The problem with your thesis is that it's all based around physical goods. But generations bequeath more than just 'stuff' and infrastructure.

For example, the previous generation bequeathed an education to the current 'productive' generation. Indeed a good deal of what this generation achieves is due to the education provided them by their ancestors. Whatismore, it could be said that the previous generation invested in the generation of the current one and that the productivity of the current is, at least partially, a return on that investment.

No generation operates in a vacuum. They all rely on the societal bequest of the ancestors. They inherited a free and capitalistic society which facilitates their productivity.

The current elderly generation could have been much more productive in their productive years had they not made investments in their kid's and grandkid's future. They are simply getting pay-back for that earlier investment.

They are simply getting pay-back for that earlier investment.
mhaze,
Ready yourself from Flak from Paul1405 who views the investments of previous generations as invalid !

SM,

You write: “the dark side of Nazism wasn't yet apparent”
What? Are you mad? This is a brief timeline of Germany under Hitler.

1933
January 30 Appointed Chancellor of Germany

March 22 Dachau concentration camp opens

April 7 Laws for Reestablishment of the Civil Service barred Jews from holding civil service, university, and state positions

April 26 Gestapo established

May 10 Public burning of books written by Jews, political dissidents, and others not approved by the state

1934
August 2 Hitler proclaims himself Führer und Reichskanzler (Leader and Reich Chancellor). Armed forces must now swear allegiance to him

1935
September 15 "Nuremberg Laws": anti-Jewish racial laws enacted; Jews no longer considered German citizens; Jews could not marry Aryans; nor could they fly the German flag

November 15 Germany defines a "Jew": anyone with three Jewish grandparents; someone with two Jewish grandparents who identifies as a Jew

1936
March 3 Jewish doctors barred from practicing medicine in German institutions

July Sachsenhausen concentration camp opens

1937
July 15 Buchenwald concentration camp opens

1938
April 26 Mandatory registration of all property held by Jews inside the Reich

October 28 17,000 Polish Jews living in Germany expelled; Poles refused to admit them; 8,000 are stranded in the frontier village of Zbaszyn

November 9-10 Kristallnacht (Night of Broken Glass): anti-Jewish pogrom in Germany, Austria, and the Sudetenland; 200 synagogues destroyed; 7,500 Jewish shops looted; 30,000 male Jews sent to concentration camps (Dachau, Buchenwald, Sachsenhausen)

November 12 Decree forcing all Jews to transfer retail businesses to Aryan hands

November 15 All Jewish pupils expelled from German schools

December 12 One billion Marks fine levied against German Jews for the destruction of property during Kristallnacht

These weren't hidden from the world as you seem to be contending.

Cont..