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Weekend reflections

September 11th, 2010

It’s time again for weekend reflections, which makes space for longer than usual comments on any topic. In keeping with my attempts to open up the comments to new contributors , I’d like to redirect discussion, as opposed to substantive new contributions, to the sandpit. As always, civilised discussion and no coarse language please.

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  1. Donald Oats
    September 11th, 2010 at 19:13 | #1

    An ageing population will lead to a greater burden to be carried by the rest of the Australian population, so the solution is to keep importing and manufacturing young people, right? Not so fast. This good news story shows that we need to be careful about these sorts of claims, especially when population growth is advocated (by certain economists and journalists) as the only sensible solution to the growing aged care burden.

    Once the improving health – due to better and more reliable interventions – and diets are taken into consideration, it turns out that the ageing population might not be a great burden after all. Which makes sense, actually.

  2. Michael of Summer Hill
    September 11th, 2010 at 22:32 | #2

    For those interested in the latest news, Bob Brown gave the thumbs up for the new Labor cabinet line-up whilst Tony Abbott is his usual self being negative and talking to himself.

  3. Chris Warren
    September 12th, 2010 at 10:43 | #3

    Our debt-ridden economy is getting worse. Our external debt is now over $US 1 trillion, most due to our banks ($A 1.08T). Our external debt is the same as Greece and Portugal combined.

    13 million Australians voted recently so this equates to an unbelievable;

    over $A 80,000 per voter.

    And the trend is up.

    This is the mounting burden of capitalism, and it will not be so long when they will have to cut the share of gdp going to wages – and the social wage (which is trending down).

    Data is at: DEBT

    No wonder they want to pump up the population. Unfortunately population growth cannot outpace debt growth.

  4. Alice
    September 12th, 2010 at 18:22 | #4

    This data is just external debt – although it does show the banks external debt is far more troubling than the governments.?? What about the sum of internal external ? I went to the world bank but couldnt find it. It would be interesting to then compare the governments to eg the private banks. I note the private banks in Australia have recently relaxed lending standards …again.
    You know the horrible thing is …after the 1890s financial crash in Australia…banks had lent so liberally to the farming sector in the 1880s by 1900 they ended up owning most of the wool clip. Could the same thing happen to property in this country?
    Thats what scares me.

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