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Australia's Economy Is a House of Cards

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Re: Australia's Economy Is a House of Cards

#31

Earlier quoted context omitted.

The more I read this article, the less I'm convinced... Another "odd" bit (imo). > This brings me onto Australia’s third largest export which is $22 billion in “education-related travel services”. Ask the average person in the street, and they would have no idea what that is and, at least in some part, it is an $18.8 billion dollar immigration industry dressed up as “education”. > While some of these students are stu…

You're right that there are a couple of odd, basic inaccuracies. > As if the Australian economy needed further headwinds, the developer-enamoured evangelical right have crucified NSW’s night time economy. Reactionary puritans and opportunists alike seized on some unfortunate incidents involving violence to simply close the economy at night. In the last couple of years, the only lockout laws I have heard about apply t…

They trialled (and kept) lockout laws in Newcastle, 2nd biggest city. Killed our nightlife too.

Re: Australia's Economy Is a House of Cards

#32
post #27

A much simpler way to look at the same argument is simply to describe Australia as a Chinese mining province. There's no shame in that -- my native Australia has only a bit more than half of the population of my current home, California. The widely reported "104 quarters of growth" is indeed impressive but it's ironic that the achievement was breaking the record of the Netherlands -- who set their record through extr…

Yes, population of Australia at ~24m is about the same as Shanghai.
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