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I think it's meant to convey grief that Australia has allowed itself to be exploited by foreign miners, and waste the wealth that its natural resources could ha
by AlexCoventry 5y ago
I think it's meant to convey grief that Australia has allowed itself to be exploited by foreign miners, and waste the wealth that its natural resources could have generated.
- bobthepanda 5y agohasn't Australia consistently had uninterrupted economic growth? Australia has the highest median household wealth of any country in the world. https://www.statista.com/chart/19651/countries-with-highest-per-capita-average-and-median-wealth/ https://www.statista.com/chart/19651/countries-with-highest-...
- AlexCoventry 5y agoBut its net debt is something like 40% of GDP, whereas Norway's is something like -110%. https://knoema.com/atlas/Australia/topics/Economy/Financial-Sector-General-Government-finance/General-government-net-debt-percent-of-GDP https://knoema.com/atlas/Australia/topics/Economy/Financial-... https://knoema.com/atlas/Norway/topics/Economy/Financial-Sector-General-Government-finance/General-government-net-debt-percent-of-GDP https://knoema.com/atlas/Norway/topics/Economy/Financial-Sec...
- ceejayoz 5y agohttps://en.wikipedia.org/wiki/Australian_property_bubble https://en.wikipedia.org/wiki/Australian_property_bubble