4 ms·
> Is there a single growing democracy I'm an Australian living in Asia. My rent hasn't gone up in 5 years. The state I'm in is growing about 7% annualised and
by Grimburger 3y ago
> Is there a single growing democracy
I'm an Australian living in Asia. My rent hasn't gone up in 5 years. The state I'm in is growing about 7% annualised and hit 13% GDP growth this year. It accounts for over 30% of the nations export value despite being 8% of the population.
Friends back home have been getting 10-20% annual rises in that time, for houses that are falling apart and they are terrified to speak up for fear of eviction, it's gone completely out of control.
The main difference I can spot is the sheer amount of supply that comes online here despite equivalent population growth. If developers want to build a 45 storey apartment block they can, under the caveat that 20% of apartments must be for low-income earners.
In Australia if you tried to build the same building even a km from the CBD of Sydney people would be up in arms, politicians would be leading rallies to halt development and it would eventually have to go through the courts dragging the process out for years until the builder goes broke from legal fees. It's a tried and true method across the country.
- slg 3y agoDo you mind sharing the specific country/state you are referring to here because Asia is a big place that includes both democracies that aren't growing and growing countries that aren't democracies?
- Grimburger 3y agoNot really. I find mentioning a specific place tends to attract and set certain types off about whatever they read in the news within the last 12 months. Not entirely sure but seems you want to go down that path also and start arguing about how it's "not actually a good place" when my lived experience is the opposite. I've had it happen far too many times and simply don't bother now, people in Australia get strangely defensive about anyone who leaves, and clamour to tear holes in the idea while never once having set foot in the country, let alone spent even a month there, it's an odd phenomena. But to answer your question, yes it's definitely a democracy and that growth rate is real. I live completely surrounded by nature, with ocean views, ten minutes from my office in the city while working remotely for western companies. In the end I'm happy, that's all that matters.