January 17, 2012
Possum Comitatus on Australian exceptionalism:
So this is our economic reality – we are the wealthiest nation in the world with 75.5% of our adult population making it into the global top 10%, our economy has grown faster than nearly all others (certainly faster than all other developed countries), our household income growth has been one of the fastest in the world (including our poor having income growth larger than everyone else’s rich!), we have the highest minimum wages in the world, the third lowest debt and the 6th lowest taxes in the OECD and are ranked 2nd on the United Nations Human Development Index.I have serious misgivings about aspects of this analysis, and some of them are raised by others in the comments thread (e.g. years of selling off non-renewable resources while making little investment in infrastructure is no recipe for long term economic health), but still... what planet are Abbott, his party and their media enablers living on?