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Australia is afflicted by this insanity as well. We have Trillions tied up in housing. Yet productivity and economic complexity are on the decline because every
by gonzo41 3y ago
Australia is afflicted by this insanity as well. We have Trillions tied up in housing. Yet productivity and economic complexity are on the decline because everyone is trying to flip houses and make housing into an investment vehicle rather that invest in new businesses.
- swores 3y agoA minor pedantic point: not "as well", since the comment you replied to talked about "in the Anglosphere" which by pretty much any definition certainly includes Australia :)