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Australia is an interesting contrast to Norway. Efforts to increase revenues from resources failed due to pressure from a mega rich elite. There is no equivalen
by shirro 13y ago
Australia is an interesting contrast to Norway. Efforts to increase revenues from resources failed due to pressure from a mega rich elite. There is no equivalent fund to invest windfalls from resources. As a result once Australia's mining boom is over there will be nothing for future generations.
- quink 13y agohttp://www.abc.net.au/news/2012-09-05/rinehart-says-aussie-workers-overpaid-unproductive/4243866 http://www.abc.net.au/news/2012-09-05/rinehart-says-aussie-w... What did Australia do in response to comments like these? Elected this guy: https://newmatilda.com/2013/08/08/big-mining-lines-behind-abbott https://newmatilda.com/2013/08/08/big-mining-lines-behind-ab...
- thaumasiotes 13y ago> As a result once Australia's mining boom is over there will be nothing for future generations. South Korea was traditionally (mid-20th-century) viewed as cursed by a lack of natural resources. In this sense, it has already reached the phase of "nothing left for future generations". What's so bad about this?
- w1ntermute 13y agoThe South Korean people achieved their economic success at great personal sacrifice. I can't see the laid-back Australians being able to do the same when they run out of resources.
- kazagistar 13y agoPlease justify your blatant racism.
- nl 13y agoAustralians on average work 1855 hours a year, or 38.6 hours a week if you assume they work 48 weeks a year.... US workers are second, averaging 1835 hours a year, followed by Japan (1821) and New Zealand (1817). Finland (1730) led the table in Western Europe, followed by the much-maligned British workers, who put in 1708 hours a year - three hours a week less than Australians.[1] Hmm. Stereotypes, hey? [1] http://www.theage.com.au/news/national/give-us-a-break-australia-is-hard-at-work/2005/07/06/1120329502555.html http://www.theage.com.au/news/national/give-us-a-break-austr...
- peteretep 13y agoThe irony being that you're talking about a country whose GDP per capita, even when you knock off 20% of it that's mining-related, is in the global top ten. There's a great free resource where you can learn more about things you don't know much about: http://en.wikipedia.org/wiki/Economy_of_Australia http://en.wikipedia.org/wiki/Economy_of_Australia
- prawn 13y agoThere could've been. Our Future Fund, if that is a reasonable equivalent to Norway's fund, stands at roughly $4k per Australian. Meagre!